House Republicans Drafted New Stablecoin Bill with Democrats

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The current head of the “House Financial Services Committee” is also a member of the Republican party and has exhibited a fresh edition of the forefront proposal in the U.S. A proposal has been put forward by legislators aimed at regulating a new Stablecoin bill with input from some Democratic officials. The document published on Thursday is not finalized yet as it is set for further deliberation during a committee hearing scheduled on June 13. However, this signals a possible approach for both political parties to discuss the legislation.