According to Odaily Planet Daily, U.S. Democratic Senator Sherrod Brown of Ohio, a cryptocurrency skeptic who manages the influential Senate Banking Committee, is open to advancing stablecoin legislation. However, Brown said that before he fully supports stablecoin laws, his concerns must be addressed. Brown's initial support for advancing legislation may be an important sign of its progress. His Democratic Party controls the U.S. Senate, setting legislative priorities. In the Republican-controlled House of Representatives, retiring Congressman Patrick McHenry recently said he was optimistic that the United States would be able to introduce new stablecoin laws this year.
