US Senator Sherrod Brown is open to advancing stablecoin legislation

U.S. Sen. Sherrod Brown, D-Ohio, a cryptocurrency skeptic who runs the influential Senate Banking Committee, is open to advancing stablecoin legislation. However, Brown said his concerns must be addressed before he fully supports stablecoin laws. Brown's initial support for advancing legislation could be an important sign of progress. His Democratic Party controls the U.S. Senate, setting legislative priorities. In the Republican-controlled House of Representatives, retiring Rep. Patrick McHenry recently said he was optimistic that the U.S. would be able to enact new stablecoin laws this year. (CoinDesk)