Rep. Patrick McHenry blames White House for lack of urgency on stablecoin bill negotiations By Cointelegraph
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United States House Financial Services Committee Chair Patrick McHenry has pointed a finger at the Biden administration for the lack of bipartisan agreement on a stablecoin bill.
In a July 27 hearing, Representative McHenry said the version of the Clarity for Payment Stablecoins Act, H.R. 4766, being considered for markup was not based on negotiations between himself and ranking member Maxine Waters (NYSE:). He added that though the committee was “closer than [they]’ve ever been” on a bipartisan solution, the White House did not “share that same sense of urgency” as lawmakers.
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United States House Financial Services Committee Chair Patrick McHenry has pointed a finger at the Biden administration for the lack of bipartisan agreement on a stablecoin bill.
In a July 27 hearing, Representative McHenry said the version of the Clarity for Payment Stablecoins Act, H.R. 4766, being considered for markup was not based on negotiations between himself and ranking member Maxine Waters (NYSE:). He added that though the committee was “closer than [they]’ve ever been” on a bipartisan solution, the White House did not “share that same sense of urgency” as lawmakers.
Continue Reading on Coin Telegraph
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