Key U.S. Lawmaker McHenry Says House Has ‘Workable’ Stablecoin Bill

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“The administration’s willingness to move forward with stablecoin legislation, I think, makes it by far the most optimal portion of this to move forward,” Lummis said, noting that Sen. Chuck Schumer (D-N.Y.), the majority leader of the Senate, has said he’s willing to consider such a bill.

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