Bag. Patrick McHenry blames White Condo for lack of urgency on stablecoin invoice negotiations

Collect. Patrick McHenry blames White Condominium for lack of urgency on stablecoin bill negotiations

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United States Condominium Monetary Companies and products Committee Chair Patrick McHenry has pointed a finger at the Biden administration for the shortage of bipartisan settlement on a stablecoin bill.

In a July 27 hearing, Representative McHenry said the version of the Readability for Price Stablecoins Act, H.R. 4766, being conception to be for markup used to be no longer per negotiations between himself and ranking member Maxine Waters (NYSE:WAT). He added that even supposing the committee used to be “closer than [they]’ve ever been” on a bipartisan solution, the White Condominium did no longer “portion that similar sense of urgency” as lawmakers.

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