House members Maxine Waters and Patrick McHenry may not see their stablecoin bill come to a vote until next year.
The bill will likely halt within committee after failing to reach a vote prior to the August recess.
As other members focus on upcoming midterm elections, the bill may fall to the wayside.
This week, crypto news is focusing on Congress, which is in the last week of its August recess. Policymakers are starting to descend on the Capital once again and, as has been the trend this year, crypto is one of their biggest topics of discussion. Several bills have cropped up in recent months, although none have seemed closer to an actual vote than one particular stablecoin bill. As it’s shaping up, however, even this piece of legislature could be doomed as a result of poor communication.
Some legislators have become very interested in crypto lately — and how to regulate the industry. Of course, early bills have already cropped up with some preliminary calls to action. Until earlier...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...