U.S. House Representative Maxine Waters (D-California), the top Democrat on the House Financial Services Committee, told Bloomberg Wednesday "We are on our way to getting a stablecoin bill in the short run.”

Proceeds will go to fund the development of Bitcoin layer-2 lightning startup Tirrel Corp.

The move may bring fresh energy and capital into the spot ETFs.

Inflows have slowed this month, taking the wind out of the bitcoin bull run.

The latest in blockchain tech upgrades, funding announcements and deals. For the period of April 25-May 1.