Summary
TLDR: McHenry is pushing for his stablecoin bill to be passed before he retires, aiming to provide regulations for issuers of stablecoins to stabilize the cryptocurrency market.
Key Points
1. McHenry is pushing for his panel’s stablecoin bill to be passed before he retires from Congress this year.
2. The stablecoin bill aims to provide regulations and guardrails for issuers of stablecoins, which can help stabilize the trading of volatile cryptocurrencies.
3. McHenry believes it is still possible to get the stablecoin bill passed and signed into law by President Joe Biden.