U.S. House Financial Services Committee top brass calls for “significant agreement” on stablecoin legislation this year

BlockBeats news, on September 24, according to The Block, Maxine Waters, a senior Democratic member of the U.S. House Financial Services Committee, expressed the hope to reach a "significant agreement" on stablecoin legislation by the end of this year.

Waters emphasized that the new bill should prioritize consumer protection and strong federal supervision, while allowing multiple ways to create stablecoins, but the Federal Reserve needs to play a leading role.