US House of Representatives Meet with Schumer on Stablecoin Legislation Strategy: Punchbowl

On the cryptocurrency event circuit, McHenry has repeatedly insisted that it is still possible to pass his panel’s stablecoin bill to get President Joe Biden to sign the bill, including in remarks earlier this week. McHenry is retiring from Congress this year and has prioritized legislation that would, among other things, provide guardrails for issuers of tokens that provide a stable foundation for trading volatile cryptocurrencies.