On April 1st, crypto journalist Eleanor Terrett reported that "House Digital Assets Subcommittee Chairman Bryan Steil told me that after Wednesday's review, the STABLE Act will 'align well with the Senate's GENIUS Act', which was achieved after several rounds of 'draft revisions' and technical assistance from the SEC and CFTC."

Bryan Steil believes that the bill differs from the GENIUS Act by 20%, with these differences being merely textual and not significant or substantive. Currently, the biggest distinctions lie in requirements for international stablecoin issuers, state regulation of issuers, and some minor technical variations between the two texts. "Ultimately, I believe everyone recognizes that we want to work with our Senate colleagues to advance this bill," Steil said.

BlockBeats Note: The STABLE Act (full title "Stablecoin Transparency and Accountability for a Better Ledger Economy Act") is a legislative draft proposed by the U.S. House of Representatives in 2025, aimed at establishing a regulatory framework for the issuance and operation of dollar-pegged payment stablecoins.

The GENIUS Act (full title "Guiding and Establishing National Innovation for U.S. Stablecoins Act") is a legislative proposal introduced by the U.S. Senate on February 4th, 2025, designed to create a comprehensive regulatory framework for "payment stablecoins" within the United States, to promote financial innovation, protect consumers, prevent illegal financial activities, and reinforce the dollar's dominant position in the global financial system.