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Stablecoin discussions a hot topic for last many years. Stablecoin firms showed real strength after LUNA’s crash. After LUNA’s dramatically collapse, stablecoin firms took steps to make their coins more reliable.

US Lawmakers Really Close on Stablecoin Deal

Representive Max Waters made a statement about Stablecoin deal. Lawmakers in the United States are reportedly working on stablecoin regulations and are close to reaching an agreement. In an interview with Politico, Representative Maxine Waters confirmed progress on the deal after several months of efforts with House Financial Services Committee Chairman Patrick McHenry. “We’re working on stablecoin; we’re very close. We’re very, very close – very close,” he said.

While many countries have been working hard to develop stablecoins, the US has remained in the background. However, Waters’ comments suggest that the US will catch up. For now, there is no indication on whether the requirements and rules will suppress the stablecoin market in any way. However, the Federal Reserve would like to see some oversight on stablecoins.

The general view is that there should be some oversight of the use of stablecoins by the US Federal Reserve.

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