Chairman Patrick McHenry's Clarity for Payment Stablecoins Act passes the Financial Services Committee with BIPARTISAN support.
After fifteen months of bipartisan collaboration, this landmark legislation is one step closer to becoming law.
Moving the Stablecoin Act out of Committee with a bipartisan vote is a big step forward. While there are a few key issues that remain before this can become law, a robust and public process in Congress is well underway, and the White House will eventually get there.
Source: Jeremy, GOP Financial Services