Odaily Planet Daily News: Maxine Waters, the leader of the Democratic members of the U.S. House Financial Services Committee, predicted on Wednesday that she and Chairman Patrick McHenry will soon reach an agreement on stablecoin regulatory legislation. "We are working to reach a stablecoin bill in the short term," Waters said in an interview. She added that she had discussed stablecoins with Senate Majority Leader Chuck Schumer and Senate Banking Chairman Sherrod Brown, and said that the Federal Reserve, the Treasury Department and the White House were all involved in drafting the bill. "This is to ensure that investors and people are protected. We have to make sure they have assets that support stablecoins," Waters said. Federal regulation can give legitimacy to this asset class, which in turn may lead to wider adoption. (Bloomberg)