Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.
A Democratic aide familiar with the negotiation said House and Senate leaders are insisting on a clean FAA reauthorization that wouldn't allow the attachment of a stablecoin bill.Advocates for long-awaited U.S. stablecoin legislation tried to tie it onto an unrelated must-move reauthorization bill, but leaders in the Senate and House of Representatives are seeking to keep that effort clear of such attachments, according to a Democratic aide.
Still, the serious maneuvering on behalf of stablecoin oversight reveals how much closer that vital corner of the industry is getting to daylight. "We believe this push will reveal how much support both have in Congress and who remains opposed," said Jaret Seiberg, an analyst with TD Cowen, in a research note."It is why we see this effort offering insight into what could happen with these bills later this year when we expect the real push for enactment."
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