Top U.S. lawmakers and Senate Majority Leader Chuck Schumer are actively discussing the potential for stablecoin reform legislation. The discussions, which also involved House Financial Services Committee Chair McHenry and ranking member Waters, explored using the FAA reauthorization bill as a vehicle for this bipartisan legislation. Additionally, the possibility of including cannabis banking reforms in the same bill was considered. These talks indicate a significant push towards legislating stablecoins, potentially aligning with other financial reforms. Crypto-skeptic Sherrod Brown also suggested incorporating stablecoin, marijuana banking, and executive clawback reforms in next month's FAA reauthorization bill.
A long-delayed bid to write a new law for stablecoins is getting a push from an unexpected lawmaker: crypto-skeptic Sherrod Brown. https://t.co/WC55CDqskV
.@SenSherrodBrown, a crypto-skeptic who runs the influential Senate Banking Committee, is reportedly open to advancing long-sought legislation for stablecoins like $USDT and $USDC. @inkbacker reports https://t.co/vA2waOlRPV
NEW: Sherrod Brown floats a stablecoin/marijuana-banking/back exec clawback Combo Platter, which could fly on next month's FAA reauthorization bill https://t.co/P26Fpmj1Cr
A long-delayed bid to write a new law for stablecoins is getting a push from an unexpected lawmaker: crypto-skeptic Sherrod Brown. https://t.co/wAOF7SmKs3
STABLECOIN LEGISLATION IN FOCUS AS SUMMER APPROACHES - Talks between top House leadership and Senate Majority Leader Chuck Schumer hint at movement on stablecoin legislation. - Schumer met with House Financial Services Chair and ranking Democrat to discuss House-led stablecoin… https://t.co/CYgiQvfkq9 https://t.co/kXAljGV2e4
JUST IN: ACTION ON U.S. STABLECOIN BILL COULD BE POSSIBLE THIS SUMMER PER TD COWEN
potential movement on stablecoin legislation following talks with Sen. Schumer: TD Cowen https://t.co/RtARRVNasn
NEW: Two people familiar tell me that McHenry, Waters and Schumer discussed attaching stablecoin AND cannabis banking legislation to the FAA bill today. H/T @BrendanPedersen, who first scooped that they met to talk stablecoins and FAA. For @POLITICOPro: https://t.co/9r02SJdwGC
U.S. Senate Majority Leader @SenSchumer reportedly met with the key House negotiators on stablecoin legislation, trying to figure out a strategy. Schumer has been said recently to be open to helping on a stablecoin bill. @jesseahamilton reports https://t.co/tnRP8hps5o
NEWS: McHenry and Waters met with Schumer today to discuss stablecoin reform and whether the FAA reauthorization could be a potential vehicle for bipartisan legislation. @BrendanPedersen and @LauraEWeiss16 have the details: https://t.co/ecMFzWuSQW
NEWS: The two top lawmakers on the House Financial Services Committee met with Majority Leader Chuck Schumer this afternoon to discuss stablecoin reform. Lawmakers discussed whether the FAA reauthorization could be a potential vehicle for bipartisan legislation. PBN text out now. https://t.co/Abcb6H7nGy