White House Derailed Negotiation on U.S. House Stablecoin Bill: McHenry

House Financial Services Committee Legislation Policy Regulations US
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“Today I had hoped to announce an agreement with the ranking member on stablecoins legislation,” McHenry said, referring to the committee’s senior Democrat, Maxine Waters (D-Calif.). “This will not be the case… It was the White House’s unwillingness to compromise that has once again brought that negotiation to a halt.”

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