U.S. House delays consideration of stablecoin bill - sources

FILE PHOTO: A bird flies by the United States Capitol building in Washington, U.S., March 17, 2022. REUTERS/Emily Elconin/File Photo

WASHINGTON (Reuters) - A key regulatory panel will delay consideration of a broad stablecoin regulation bill for several weeks amid banking industry pushback and late tweaks to certain provisions, according to sources familiar with the matter.

Compromise legislation being drafted by Democratic and Republican leaders of the U.S. House Financial Services Committee likely will not be considered by the panel until September, as efforts to advance the measure before the month-long August congressional break faltered.