The panel’s chairman, Rep. Patrick McHenry (R-N.C.), has thought-about stablecoin laws a precedence since final yr, earlier than he took over the committee. When he gained the gavel, he continued the work, although Democrats had complained that Republicans have been re-writing the invoice with out their enter. They later launched their very own model. The slender scope of the invoice and its previous bipartisan assist had been the strengths of the hassle so far, however it’s not but clear what Democrats consider the most recent model.
