U.S. Lawmakers edge closer to stablecoin legislation agreement

Representatives from both houses of the U.S. Congress have indicated progress toward the introduction of a stablecoin bill within the current legislative year. Rep. Patrick McHenry (R-N.C.) and Sen. Cynthia Lummis (R-Wyo.) provided updates on the status of this potential legislation during Coinbase’s Update the System Summit in Washington. Despite uncertainties regarding the exact timing,…