![New-US-Stablecoin-Bill-Drafted-by-House-Republicans-as-Compromise.jpg New U.S. Stablecoin Bill Drafted by House Republicans as Compromise With Democrats](https://cryptotoptrends.com/wp-content/uploads/2023/06/New-US-Stablecoin-Bill-Drafted-by-House-Republicans-as-Compromise-678x381.jpg)
In a contentious hearing Thursday that ended with a 34-16 vote to clear the legislation for wider consideration in the House of Representatives, the panel’s top Democrat, Maxine Waters (D-Calif.), said it was really McHenry who shut down the talks early after negotiations broke down the night before the hearing. The battle sullied what’s otherwise the high-water mark of stablecoin progress in Congress.
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