Waters Readies Stablecoin Plan as Time Runs Out

Also, SEC looks to toughen long-stalled rule on clawing back CEOs' pay

Though she has been keeping it closely held, Maxine Waters is finishing up a legislative proposal for cryptocurrencies and could release it as soon as next week, Capitol Hill sources say. The measure, likely a discussion draft, will focus on stablecoins, they add.

The House Financial Services Committee chairwoman and her staff have been working on a cryp…