BlockBeats News, on April 1st, crypto journalist Eleanor Terrett posted that "Bryan Steil, Chairman of the U.S. House Digital Assets Subcommittee, told me that after Wednesday's review, the STANBLE Act will be 'well aligned with the Senate GENIUS Act,' achieved after several rounds of 'draft revisions' in the House and Senate and technical assistance from the SEC and CFTC
Bryan Steil believes that there are 20% differences between this bill and the GENIUS Act, which are only textual rather than significant or substantial. At present, the biggest difference between the two lies in the requirements for international stablecoin issuers, state regulation of issuers, and some minor technical differences between the two texts. Ultimately, I believe everyone recognizes that we want to work with our colleagues in the Senate to push this bill through, "Steil said.
BlockBeats note: The Stablecoin Transparency and Accountability for a Better Ledger Economy Act, also known as the Stablecoin Transparency and Accountability for a Better Ledger Economy Act, is a legislative draft proposed by the US House of Representatives in 2025 aimed at establishing a regulatory framework for the issuance and operation of payment stablecoins pegged to the US dollar.
The GENIUS Act (also known as the Guiding and Establishing National Innovation for America. Stablecoins Act) is a legislation proposed by the US Senate on February 4, 2025, aimed at establishing a comprehensive regulatory framework for payment stablecoins within the United States to promote financial innovation, protect consumers, prevent illegal financial activities, and consolidate the dominant position of the US dollar in the global financial system.
