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Insider: U.S. stablecoin bill unlikely to pass this year

2022-08-03 11:42:01Sina finance and economics - block chain

Golden financial news, according to people familiar with the matter, the possibility of the US stablecoin regulation bill passing this year is very small.The bill, co-sponsored by the chair of the House Financial Services Committee, Rep. Maxine Waters, a California Democrat, and Patrick McHenry, a North Carolina Republican, has been repeatedly delayed due to bipartisan controversy.With the House recessed this week and uncertainty around the November elections, finalizing the bill "will be an uphill tug of war," sources said, with a best-case scenario for the bill to be released in August and then laterEntering a “discussion” phase in September, where politicians on the committee weigh in before bringing the legislation up for discussion, sources believe the stablecoin bill is unlikely to pass before the end of the year.

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