Senior members of the U.S. House of Representatives held a meeting on stablecoin legislation strategy, attempting to advance the legislative process

ChainCatcher news, according to Punchbowl News, the chances of passing a regulatory framework for stablecoins in the U.S. Congress this year are increasingly slim, but the furthest-reaching lawmakers pushing for legislation reportedly held a meeting with Senate Majority Leader Chuck Schumer.

It is reported that the Chairman of the House Financial Services Committee, Republican Patrick McHenry from North Carolina, and the senior Democratic member of the committee, Democratic Congresswoman Maxine Waters from California, met with Chuck Schumer on Thursday in an attempt to advance the legislative process.