U.S. Senate Banking Committee Chairman Sherrod Brown plans to push through a major stablecoin bill by pairing it with legislation related to the marijuana business and returning compensation to bankers. 🏦

Brown said he is open to introducing stablecoin legislation in Congress if his concerns are addressed.

Lawmakers in the House and Senate have largely failed to advance bills to address regulatory concerns surrounding stablecoins, despite support from many in Congress and industry leaders.

If lawmakers move forward with digital asset-related legislation in 2024, they will also have to deal with crypto proponents and opponents in an election year.