Maxine Waters actually said...

"I agree with most of our panel that we should move very quickly to establish the stablecoin bill and get that legislation going."

"It is, of course, unfortunate that there was a run on the bank at Signature prompted by what we saw with SVB, but it is not the case that the failure of Signature was related to crypto."

"That bill is an infant. It is a baby. It is not necessarily a beautiful baby, but it is our baby, and it is named, 'Maxine McHenry.'"

"It is my goal that our payment stablecoin legislation will provide different ways for issuers to maintain and come into compliance."