House Financial Services Committee Ranking Member Maxine Waters (D-CA) has reportedly released a draft stablecoin bill for House Democrats to review. The bill is an updated version of a bipartisan draft that was released last fall and comes after committee Republicans decided to move forward on their own stablecoin bill last month. Committee Democrats have until May 17 to provide feedback on the bill and the committee’s Digital Asset Subcommittee will hold a hearing on stablecoins on May 18.