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Key Democrat Touts Progress on Stablecoin, Marijuana Legislation
Representative Maxine Waters, the top Democrat on the Financial Services Committee, predicted Wednesday that she and Chairman Patrick McHenry would soon have a deal on legislation regulating stablecoins, and said she’s pushing for marijuana banking legislation as well. “We are on our way to getting a stablecoin bill in the short run,” Waters said in an interview on Bloomberg Television’s “Balance of Power.” Waters, who represents a district south of Los Angeles, added that the legislation that she and McHenry, a North Carolina Republican, have been negotiating for 22 months might need a few more tweaks, ... (full story)