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News Explorer — Rep. Maxine Waters: U.S. Stablecoin Bill Could Be Ready Soon

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Apr 25, 7:31 am
Coindesk

Rep. Maxine Waters: U.S. Stablecoin Bill Could Be Ready Soon

U.S. House Representative Maxine Waters (D-CA) has indicated that the final version of the stablecoin bill could be ready soon. Waters, the top Democrat on the House Financial Services Committee, said that, "We are on our way to getting a stablecoin bill in the short run,” adding that the bill aims to protect investors and ensure that stablecoins have proper asset backing. The progress in stablecoin legislation has increased hopes of passing a new law before the upcoming elections, with input from the Federal Reserve, Treasury Department, and White House.

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