Prospective Stablecoin Bill Unlikely to be Attached to Upcoming FAA Reauthorization: Democratic Aide

A prospective stablecoin bill will likely not be included in upcoming must-pass Federal Aviation Administration legislation as lawmakers try to get the bill across the finish line. House and Senate leadership have indicated the FAA will be "clean" of bills lawmakers have been looking to attach, so it is unlikely that a stablecoin bill will be included, according to a Democratic aide. Lawmakers, including House Financial Services Committee Chair Patrick McHenry, R-N.C., ranking Democrat Maxine Waters, D-Calif. and Senate Majority Leader Chuck Schumer had reportedly discussed attaching the bill to upcoming FAA reauthorization, which could accompany cannabis legislation. That must-pass reauthorization is up against a May 10 deadline.

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