Democrat Maxine Waters Pushes for Stablecoin, Cannabis Banking Reforms

• Progress on stablecoin regulation could enhance investor confidence and broaden adoption.
• Federal oversight aims to protect investors and ensure stability in the stablecoin market.
• Advocacy for marijuana banking legislation reflects efforts to address industry challenges and foster financial inclusion.

Democratic Representative Maxine Waters has pointed out the major breakthroughs in stablecoin regulation and cannabis banking bills, pinpointing the potential for future improvements in these critical fields.

In an interview on Bloomberg Television’s “Balance of Power,” Waters, the ranking member of the Financial Services Committee, talked optimistically about a near-term deal with Committee Chairman Patrick McHenry on an act governing stablecoins. Additionally, she emphasized her efforts towards advancing marijuana banking legislation, aiming to address long-standing issues faced by the cannabis industry.

Waters, a member of the Southern California District, discloses that the negotiations with McHenry of North Carolina have been going on for nearly two years. While acknowledging the need for more adjustments, Waters expressed confidence that the forthcomin…

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