Will A Stablecoin Bill Really Be Passed Before The U.S. Presidential Election? The DGC Policy Officer Cody Carbone Weighs In
Between Representatives Cynthia Lummis and Kirsten Gillibrand’s new stablecoin bill and Congresswoman Maxine Waters’ renewed optimism in stablecoin legislation, will a new law regulating the cryptocurrencies be enacted anytime soon?
Cody Carbone, Chief Policy Officer at The Digital Chamber, said last week that he would only give the odds of any stablecoin legislation passing before the U.S. presidential election 35%.
“It’s not nothing, but I think it’s more likely than not it doesn’t pass,” Carbone told Crypto News in an interview Thursday. “People are motivated, so that’s why I have a little hope.”
Currently, House Financial Services Chairman Patrick McHenry’s Clarity For Payment Stablecoins Act and the recently introduced Lummis-Gillibrand Payment Stablecoin Act are the two leading pieces of stablecoin legislation on the floor of Congress.
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