- Talks between top House leaders and Senate Majority Leader Chuck Schumer hint at progress on stablecoin legislation. - Schumer met with House Financial Services chair and top Democrats to discuss House-led stablecoin legislation. - Legislation could be attached to FAA reauthorization or year-end bill. - TD Cowen Washington Research Group says path to stablecoin legislation requires support from Biden team and inclusion of AML/BSA cryptocurrency controls. - The Blockchain Association says the House and Senate are working on FAA reauthorization bill, with security issues dominating discussions. - FAA reauthorization bill could be accompanied by marijuana banking legislation. - Drama is expected as year-end approaches; other lawmakers could try to insert their bills, risking inclusion of stablecoin legislation.
JUST IN: US could take action on stablecoin bill this summer, according to TD COWEN
