Jeremy Allaire and Dante Disparte did not specifically mention the “Clarity in Stablecoin Tethering Act” in their previous report. Due to the impending departure of Patrick McHenry, Chairman of the House Financial Services Committee, it is expected that he will attempt to push for the “Cryptocurrency Market Structure Act” during his tenure. If it does not pass, the stablecoin bill would be McHenry’s backup plan.
Circle CEO: Stablecoin Legislation in the US Likely to Pass, IPO Plans Currently Confidential