Sen. Kirsten Gillibrand (D-N.Y.) said the latest effort on a stablecoin regulatory bill is coming soon, and she hopes it can get some attention before Congress transitions into its new session next year. She’s working with Republican Senators Patrick Toomey (Pa.) and Cynthia Lummis (Wyo.) on “unique” legislation that will establish U.S. rules of the road for the tokens, she said Wednesday.

“This bill we’re working on now – and we hope to introduce it in the next few weeks – would be a comprehensive stablecoin bill that we would ask to at least get a hearing in [the Senate Banking Committee] and maybe get a vote by the end of the Congress,” she said at a Blockchain Association policy event in Washington. Gillibrand and Lummis were the authors of one of the most prominent digital assets oversight bills this year, and this would represent a small piece of that larger effort.