U.S. Stablecoin Bill Takes Big Step Despite Fight From Democrats, White House

https://www.coindesk.com/policy/2023/07/28/us-stablecoin-bill-takes-big-step-despite-fight-from-democrats-white-house/

House lawmakers cleared stablecoins legislation for the next step in its route through Congress on Thursday, though the House Financial Services Committee moved the bill toward a potential floor vote without bipartisan support as Chair Patrick McHenry (R-N.C.) blamed White House objections for the stalemate.