Stablecoin bills in the United States draw attention from institutional and political investors. Recently, American actor Brian Steel, journalist Elianor Territ, told the two main Stablecoin drafts – stable act and genius law – they differ only minor differences.
This raises hope in a unified organizational framework in the near future. The stable act was formulated by the House of Representatives, and the Senate proposed the genius law.
The stable and genius verb varies by only 20 %
March 31, journalist Eleanor Teret to publish On X (Twitter previously) about the discussion.
Actor Brian Steel stated that after a review on Wednesday, the stable act “in a good mirrors” with the genius law after a few drafting rounds in the House of Representatives and the Senate. The Securities and Stock Exchange Committee (SEC) and the CFTC Futures Trading Committee (CFTC) provides technical support.
Steel stressed that about 20 % of the differences between the two projects are mainly text, not essential. The largest differences include requirements for Stablecoin International Exporters, the supervision of the state level of exporters, and some simple technical details.
He expressed their optimism about working with Senate colleagues to pass the bill.
“At the end of the day, I think there is recognition that we want to work with our Senate colleagues to get this via the line,” he He said.
This agreement is a positive sign. Both projects have the support of both parties, which is more important in the American political scene often coordinated.
according to NatlawreviewSenator Bill Hajariti, Tim Scott and Cinneva Lomis and Kirsten Gilbrand support the National Innovation Law on American Innovation).
Meanwhile, a stable law (transparency and stable accountability of the economy of the Professor’s book) was drafted by the head of the Financial Services Committee in the House of Representatives and its representative, Brian Steel.
Despite some differences, both existing projects aim to create a legal framework for the issuance of Stablecoins under federal or government supervision. For example, the genius law of the Treasury requires the study of the algorithm Stablecoins, while the stable law imposes a two -year ban on its issuance.
If it is approved, these bills can reshape the Stablecoins future and accelerate the dependence of encryption in the United States. This would benefit both ordinary investors and users.
However, experts in Europe and China have expressed their concerns. They are concerned that the support of American legislators for Stablecoins can destabilize their financial systems.
As of the writing of these lines, the market value was Stablecoin He exceeded 230 billion dollars. The USDT of Tether represents 61 %, while Circle owns 25 %.
Disintegration
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