In an interview to Yahoo Finance back in March (2023), then chair of the House Committee of Financial Services, Rep. Maxine Waters was predicting the passage of the US Stablecoin Law with bi-partisan support.
Link: https://youtu.be/es_0dv6KhA0
In a recent joint hearing on the US Stablecoin Law, Rep. Waters 'recants' their support for the proposed law as posted in the committee website, saying that it does not take into consideration events like the failure of FTX (November 2022), and is in favor of the Democrats and Republicans going back to the drawing board to reformulate the bill on US Stablecoins.
Link: https://youtu.be/ti0CDUxTAWI?t=2057
Of note, however, the European Union has just passed the #MiCA law (Markets in Crypto Assets) also a just couple of days ago.
