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The panel’s Republicans are aligned and supportive of the STABLE Act, a bill led by Chair French Hill and Rep. Bryan Steil.

The House chugs ahead on stablecoin reform

The House Financial Services Committee used a hearing today to tee up its own version of stablecoin reform. The panel’s Republicans are aligned and supportive of the STABLE Act, a bill led by Chair French Hill (R-Ark.) and Rep. Bryan Steil (R-Wis.).

The committee’s Democrats are far less supportive, though there are receptive pockets among down-dais members. Remember: We don’t expect Republicans will need much help from Democrats to pass this legislation.

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Presented by The Texas Tribune Festival

Shape the future of Texas at the 15th annual Texas Tribune Festival — Texas’ breakout ideas and politics event happening Nov. 13–15 in downtown Austin. Be there for a deep dive into the ideas and actions transforming our state.

 

Get Tickets