The Block Crypto News18 minutes ago

Published on April 26, 2024 21:19 GMT+00:00edited on April 26, 2024 21:24 GMT+00:00

Optimism that a stablecoin bill's passage is near is being met with a dash of skepticism. 

Over the past two weeks, new legislation was introduced in the Senate that would rein in stablecoins, and on Wednesday, Ranking Democrat of the House Financial Services Committee Maxine Waters said she and Chair Patrick McHenry were on their way "to getting a stablecoin bill in the short run."

"I want you to know that Patrick McHenry and I have been working very well together. We've been working on this for 22 months," Waters told Bloomberg. "We have put together a legislation with a few more tweaks that we may have to put to it that I think is going to bring everybody together."

McHenry and Waters have been working on a stablecoin bill that was advanced out of the Republican-led House …