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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.

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