Maxine Waters, Patrick McHenry: Stablecoin Issuers Watching Their Next Moves – Most Influential 2022

The two most important members of the U.S. House of Representatives committee that oversees much of the financial system almost pulled off a miracle: Writing a bill to establish the first real federal regulations over crypto in the U.S. Alas, House Financial Services Committee Chair Maxine Waters (D-Calif.), and the panel’s top Republican, Rep. Patrick McHenry of North Carolina, faced 11th-hour obstacles for their stablecoin legislation that proved too high to clear.