“We do not see a path for Congress to enact stablecoin legislation this year as the Senate is far behind the House on this issue,” said Jaret Seiberg, an analyst with Cowen, in a Wednesday research note. “If the House votes, it will create a foundation for early action next year in the House regardless of which party controls the chamber.”
US Stablecoin Bill Negotiations Wrestled Over Digital Dollar Approval: Source
