Release of House's Stablecoin Bill Delayed

The release of a draft of the House stablecoin bill, previously scheduled to be released as early as this week, has been delayed. There have been a number of points to iron out, including such thorny topics as the role of state regulators, the possibility of a future digital dollar in the U.S. and the treatment of customer money held by crypto platforms, according to three people familiar with the talks. At this stage – as lawmakers devote more and more attention to the November midterms and as the legislative session winds to a close – the effort is unlikely to make it through this year, the people said.