Rep. Hill’s bill contrasts with Rep. Waters’ proposal, as it assigns stablecoin oversight to the OCC rather than the Federal Reserve, which Waters had advocated.
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Rep. Waters proposes stablecoin rules, federal oversight
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Maxine Waters’ stablecoin regulation proposal, unveiled on February 10 2025, differs from an earlier STABLE Act proposal by Republicans French Hill and Bryan Steil by maintaining Federal Reserve oversight, whereas the Republican bill shifts regulatory authority to the Office of the Comptroller of the Currency (OCC)
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