Skip to content
Sign up to receive our free weekday morning edition, and you'll never miss a scoop.
The report is the first major product of an AI working group convened by Reps. Patrick McHenry and Maxine Waters back in January.

McHenry, Waters meet with Schumer to pitch stablecoin reform

News: The two top lawmakers on the House Financial Services Committee met with Senate Majority Leader Chuck Schumer this afternoon to discuss stablecoin reform.

We spotted Reps. Patrick McHenry (R-N.C.) and Maxine Waters (D-Calif.) enter the majority leader’s office shortly after the Japanese prime minister’s joint address to Congress this afternoon. The House lawmakers pitched Schumer on their unreleased, still-to-be-finalized stablecoin package, according to a source familiar with the meeting.

The lawmakers also discussed whether the FAA reauthorization could be a potential vehicle for bipartisan legislation.

Subscripion logo

Become a Premium Policy member to continue reading The Vault

Join The Vault
Already a subscriber? Log In

Presented by Wells Fargo

At Wells Fargo, we cover more rural markets than many large banks, and nearly 30% of our branches are in low- or moderate-income census tracts. What we say, we do. See how.

Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.