Top U.S. House Lawmakers Meet on Stablecoin Bill Strategy: Punchbowl

On the crypto event circuit, McHenry has repeatedly contended that it’s still possible to get his panel’s stablecoin bill passed for President Joe Biden to sign it into law, including in remarks earlier this week. McHenry is retiring from Congress this year and has put a priority on the legislation to provide guardrails to issuers of the tokens that, among other uses, provide a steadier foundation for the trading of more volatile cryptocurrencies.