The top Republican and Democrat on the U.S. House Financial Services committee on Thursday said they had failed to come to an agreement on a bill to establish a federal regulatory framework for stablecoins, a type of cryptocurrency typically pegged to a traditional asset, often the U.S. dollar.
But Representative Patrick McHenry, the chair of the committee, said on Thursday at the outset of a hearing that he had not reached a deal with Representative Maxine Waters, the committee's top Democrat.
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