US Stablecoin Bill Pushed to After August Recess

In a statement, Rep. Maxine Waters (D-CA) said, “Although the Ranking Member, Secretary Yellen and I have made considerable progress towards an agreement on the legislation, we are unfortunately not there yet, and will therefore continue our negotiations over the August recess.” She added that, “It’s critical that we continue moving the ball forward on this so we can have a regulatory framework that protects consumers, while allowing for responsible innovation.” The bill was initially expected to move forward yesterday as part of bipartisan work between waters and Rep.