“Apparently, we’ll have options for both banks and non banks,” Himes told CoinDesk in an interview. He said Chairwoman Maxine Waters (D-Calif.) and the ranking Republican on the committee, Rep. Patrick McHenry (R-N.C.), have been working together on a narrow, stablecoins-only bill, and it’s expected to establish “standards for reserves” for more than one kind of issuer.
Source: https://www.coindesk.com/policy/2022/07/18/stablecoin-bill-wont-force-all-issuers-to-be-banks-congressman-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines