🏛️ Financial Services Chair Patrick McHenry (🔴-N.C.) and ranking member Rep. Maxine Waters (🔵-Calif.) met with Senate Majority Leader Chuck Schumer 🗓️ Thursday to discuss their stablecoin legislation 🪙, according to three aides granted anonymity 🕵️♂️🕵️♀️🕵️.
They talked about adding the bill 📜 to the upcoming FAA reauthorization ✈️ along with cannabis banking legislation 🌿, one aide noted. Two other aides mentioned that McHenry and Waters are still working on the final version of their stablecoin bill, which aims to regulate cryptocurrencies 💵🪙 tied to stable assets like the U.S. dollar, following a breakdown in bipartisan talks 🤝 last summer.
Sen. Cynthia Lummis (🔴-Wyo.) mentioned earlier this week that combining these three measures was a possibility being considered 🎯 after aides and lobbyists suggested the FAA bill as a potential carrier for the stablecoin legislation.
For McHenry, passing stablecoin legislation is a key goal 🎯 before he leaves Congress at year’s end, while Senate Democrats including Banking Chair Sherrod Brown (🔵-Ohio) are eager to advance cannabis banking policy 🌿.
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