Key House Republican Would Back Stablecoin-Marijuana Combo Bill

Representative French Hill, a senior Republican on the Financial Services Committee, said he would support combination legislation tying marijuana banking to stablecoin regulation if negotiators can reach a deal.

In an interview on Bloomberg Television’s “Balance of Power,” Hill said it would be up to the House leadership on how best to pass such a package.

“I would vote for it if it were coupled,” added Hill, who chairs the subcommittee on digital assets. “I have supported the SAFE Banking Act for nine years in Congress now, which would allow cannabis dealers in states where it’s legal to have ...