Rep. Jim Himes (D-CT) stated that the House Financial Services Committee is “very close” to agreement on a stablecoin bill. Committee Chair Patrick McHenry (R-NC) said he wants to hold votes on crypto legislation the second week of July, after Congress returns from the two-week July 4^th recess. Relatedly, Rep. French Hill (R-AK), Chair of the House Financial Services Digital Assets, Financial Technology and Inclusion Subcommittee said that the Committee has “had outstanding engagement from both Democratic and Republican members” on crypto legislation.