Maxin water unveils the draft of the new Stablecoin organization amid the promotion of the Republican Party

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Maxine Waters, a member of the House of Representatives Financial Services Committee, presented a new proposal to organize Stablecoin, adding to the ongoing legislative efforts by both Democrats and Republicans. The legislation project, obtained by the Punchbowl News, explains the federal supervision of Stablecoins and the specific requirements of exporters.

This development follows a separate draft led by the Republicans that were issued last week, which reflects the efforts of the two parties to establish clear rules for Stablecoin.

Maxine Waters proposes the Stablecoin

Maxinewater, the best democracy in the Financial Services Committee in the House of Representatives, foot A discussion draft aimed at organizing stablecoin under federal supervision.

The draft appoints the regulatory responsibilities of the Currency Observer Office (OCC), the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC). It also includes a role for state organizers.

The suggestion of stablecoin exporters requires maintaining reserves on one basis to one to ensure stability. The Waters approach is different from the previous Republican efforts, which it previously criticized. In 2022, she opposed a draft law led by Republicans, which would have allowed the state organizers to agree to Stablecoin’s exporters without the involvement of the Federal Reserve.

Republican lawmakers pay a separate stablecoin bill

Like Maxine Waters, Republicans also advance their Stablecoin. Last week, French actor Hill, Chairman of the Financial Services Committee in the House of Representatives, and actor Bian Steel, presented a draft law.

Their proposal gives OCC the authority to oversee the exporters who are non -bankers who are non -banking instead of relying on the Federal Reserve for Organizational Control.

The draft law supported by Republicans depends on previous legislative discussions and can open the door for financial technology companies to enter the Stablecoin Market. It seeks to set clear licensing rules for non -banking companies that issue paid payments, and is compatible with the efforts of the broader Republican Party to form digital asset regulations.

The efforts of the two parties continue in the Senate

In conjunction with the maxine water proposal, Stablecoin also gains attention to the Senate. Senator Bell Jigerin submitted the “Guidance and Establishment and Creation of the National Innovation of US Stablecoins”.

His proposal aims to create a national framework to oversee Stablecoin, focusing on risk management standards. A working group involved members of the Senate Banking Committee, the Financial Services Committee in the House of Representatives, the Agriculture Committee of the Senate and the Agriculture Committee in the House of Representatives.

Located in this group works for a broader regulatory framework for Stablecoins and other digital assets. These bills increased amid the fears of the CEO of Tether Paolo Ardoino on competition in the Stablecoin Market.

Stablecoin rules priority under the Trump administration

The pressure on the organization of Stablecoin comes as digital assets remain a pivotal point in Washington. During the era of President Donald Trump’s administration, both parties made competing proposals, indicating that the supervision of Stablecoin is a legislative priority.

Maxine Waters emphasized the need for cooperation from the two parties, after he previously called for a “big deal on stablecoins”. While previous efforts to pass Stablecoin legislation have stopped, continuous discussions indicate the renewal of an organization.

Thus, with the proposal of Republican and Democratic lawmakers alike, negotiations in Congress are likely to continue in the coming months.