US House Financial Services Committee chair Patrick McHenry has blamed the Biden administration for the lack of bipartisan agreement on a stablecoin bill, H.R. 4766. McHenry claims the White House's unwillingness to compromise has halted negotiations. Ranking member Maxine Waters, however, blames the impasse on the "impatience of Republican leadership." The stablecoin bill is one of many crypto-related legislations in the House committee, with two key bills aimed at providing regulatory clarity to crypto firms recently moving forward. The outcome of H.R. 4766 remains uncertain.