Odaily Planet Daily reported that Maxine Waters, a senior Democratic member of the U.S. House Financial Services Committee, hopes to reach a "major agreement" on stablecoin legislation by the end of this year. Waters and Republican Congressman Patrick McHenry have been working on a stablecoin regulatory framework bill since 2022. Maxine Waters emphasized that the new bill should prioritize consumer protection and strong federal supervision, while allowing multiple ways to create stablecoins, but the Federal Reserve needs to play a leading role. McHenry is optimistic, but Congress has limited time to complete legislation by the end of the year. This move may end the two-year debate in Washington about stablecoin legislation. (TheBlock)