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Rep. Waters proposes stablecoin rules, federal oversight
Naga Avan-Nomayo
Both House Republicans and Democrats have introduced proposals to regulate U.S. stablecoins, signaling that the sector is a legislative priority under President Donald Trump.
Maxine Waters, the ranking Democrat on the House Financial Services Committee, published a proposal for stablecoin oversight through federal watchdogs such as the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve, according to Punchbowl News.
Waters’ discussion draft also outlines regulatory frameworks for state regulators. Back in 2022, Rep. Waters criticized a Republican-led House Committee bill, calling it “deeply problematic” due to concerns over allowing state regulators to approve stablecoins without Federal Reserve oversight. At the time, she argued before former Committee Chair Patrick McHenry that this approach could introduce unforeseen risks. 0 reply
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