The Ledger
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Rep. Gonzalez: Congress is close to legislating on stablecoins
“We're getting to a point as a Congress, which is really nice, where I feel like we're getting close to finally legislating on it, specifically around stable coins. We'll see if we get there, but I think that's sort of the first bite of the apple coming off the…”
Rep. Gonzalez: Congress will likely pass fiat-backed stablecoin legislation
“What I think you'll probably see is some sort of law that enshrines a quote payment stable coin. That language has been used in a couple of different bills. A payment stable coin as essentially a fiat backed stable coin.”
Recent redistricting reduced toss-up seats and increased congressional district extremism
“We all just got our maps redrawn. And what happened is fewer districts are now toss ups. So there's basically fewer at play and the existing districts are now more extreme.”