Movement on stablecoin legislation could be feasible this summer or during the lame-duck session. This follows talks between top House leadership and Senate Majority Leader Chuck Schumer a few days ago, according to a note from investment bank TD Cowen. 

Both Punchbowl News and Politico report that Schumer, D-N.Y., met late last week with House Financial Services Chair Patrick McHenry, R-N.C., and ranking Democrat Maxine Waters, D-Calif., to discuss their House-led stablecoin legislation. 

The lawmakers reportedly discussed attaching the bill to upcoming Federal Aviation Administration reauthorization, which could accompany cannabis banking legislation. FAA reauthorization is through May 10, but political urgency to respond to Iran's attack on Israel could mean lawmakers …