SAFE Banking & Crypto Reform Bill In Congress | Cannabis Legalization News



๐Ÿ›๏ธ Financial Services Chair Patrick McHenry (๐Ÿ”ด-N.C.) and ranking member Rep. Maxine Waters (๐Ÿ”ต-Calif.) met with Senate Majority Leader Chuck Schumer ๐Ÿ—“๏ธ Thursday to discuss their stablecoin legislation ๐Ÿช™, according to three aides granted anonymity ๐Ÿ•ต๏ธโ€โ™‚๏ธ๐Ÿ•ต๏ธโ€โ™€๏ธ๐Ÿ•ต๏ธ.

They talked about adding the bill ๐Ÿ“œ to the upcoming FAA reauthorization โœˆ๏ธ along with cannabis banking legislation ๐ŸŒฟ, one aide noted. Two other aides mentioned that McHenry and Waters are still working on the final version of their stablecoin bill, which aims to regulate cryptocurrencies ๐Ÿ’ต๐Ÿช™ tied to stable assets like the U.S. dollar, following a breakdown in bipartisan talks ๐Ÿค last summer.

Sen. Cynthia Lummis (๐Ÿ”ด-Wyo.) mentioned earlier this week that combining these three measures was a possibility being considered ๐ŸŽฏ after aides and lobbyists suggested the FAA bill as a potential carrier for the stablecoin legislation.

For McHenry, passing stablecoin legislation is a key goal ๐ŸŽฏ before he leaves Congress at year’s end, while Senate Democrats including Banking Chair Sherrod Brown (๐Ÿ”ต-Ohio) are eager to advance cannabis banking policy ๐ŸŒฟ.
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