Rep.Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, is pushing for a “grand bargain” on stablecoin legislation before the end of the year, aiming to resolve two years of debates in Washington over the regulatory framework for stablecoins. What Happened: Waters, alongside Rep. Patrick McHenry (R-N.C.), the Republican chair of the committee, has been working since 2022 on legislation that would establish clear guidelines for stablecoin issuance and regulation, The Block reported. While the bill advanced out of the Republican-led committee last year, it has strug…