Lawmakers Meet With Chuck Schumer To Discuss Stablecoin Bill - Crypto News

Summary

The article discusses the efforts of U.S. lawmakers to regulate stablecoins—a type of cryptocurrency—under financial services. Discussions include a possible bill pitch by Representatives McHenry and Waters involving the FAA reauthorization for bipartisan support. Senators Gillibrand and Lummis are also preparing related legislation. Concerns from Senator Elizabeth Warren about money laundering risks are mentioned.