The U.S. House Financial Services Committee has passed Chairman Patrick McHenry’s Clarity for Payment Stablecoins Act with bipartisan support. McHenry said committee members, unlike the White House, understood the urgency and importance of providing clarity for payment stablecoins. Sheila Warren, the CEO of the Crypto Council for Innovation, described the bill’s passage as the “first steps toward a legislative foundation for stablecoins in the U.S.”
Landmark Legislation Close to Becoming Law
After holding negotiations for fifteen months, the U.S. House Financial Services Committee passed the Clarity for Payment Stablecoins Act on July 27 with bipartisan support. According to the committee’s chairperson, Patrick McHenry, the bill’s passage means “this landmark legislation is one step closer to becoming law.”
#BREAKING: Chairman @PatrickMcHenry’s Clarity for Payment Stablecoins Act passes the Financial Services Committee with BIPARTISAN support.
After fifteen months of bi
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