Rep. Waters proposes stablecoin rules, federal oversight

The Republicans of the Chamber and the Democrats have introduced proposals to regulate American stables, noting that the sector is a legislative priority under President Donald Trump.

Maxine Waters, the classification democrat of the Chamber’s Financial Services Committee, has published a proposal to monitor stablescoin through federal guard dogs such as the office of the currency controller, the Federal Deposit Insurance Corporation and the reserve federal, according to Punchbowl News.

Waters’ discussion project also describes regulatory executives for state regulators. In 2022, representative Waters criticized a bill on the Chamber Committee led by the Republicans, calling it “deeply problematic” due to concerns concerning the authorization of state regulators to approve staboins without monitoring of the federal reserve. At the time, she supported Before the former president of the Patrick MCHENRY committee, this approach could present unforeseen risks.

The proposal of the Waters representative means that republican and democratic legislators have now introduced Stablecoin regulations since President Trump took office.

Last week, the representative French Hill, the new republican president of the Chamber’s financial services committee, submitted a bill for the regulation of Stablecoin, co -sponsored by representative Bryan Steil. The bill would grant the OCC the power to approve and supervise the transmitters of payment stores.

More specifically, the WOI can concede and supervise non -banking stablecoin operators with federal permits. The rules could allow companies like Ripple to enter The $ 220 billion market.

The bill of the representative Hill contrasts with the proposal of the representative Waters, because it attributes the surveillance of the stables in the WOD rather than the federal reserve, which Waters had recommended. Waters previously said that the chamber legislators needed a “big business on the stabbed” to move forward with the regulations.

In the Senate, the Gop Senator Bill Hagerty presented The law “guiding and establishing national innovation for American stables”. Political decision -makers revealed A bi-caméral working group focused on the transition from cryptography regulations during a press conference organized by the White House AI and the Crypto Tsar David Sacks.