US lawmakers’ efforts to police stablecoins are gaining steam, with a key House committee preparing to consider a plan for imposing new rules as soon as next week.
Leaders of the House Financial Services Committee are eyeing July 27 to advance a bipartisan bill focused on the digital tokens, according to three people with knowledge of the proposal who asked not to be named discussing the panel’s plans. Maxine Waters, a California Democrat, and Patrick McHenry, a Republican from North Carolina, have said they’re working together to create guardrails for stablecoins, crypto assets that are typically designed to be pegged to the US dollar or other traditional currencies.
