The U.S. House of Representatives and the Senate have made significant progress towards aligning their respective stablecoin regulation bills, paving the way for comprehensive legislation. Key takeaways include: technical collaboration between regulatory agencies led to substantial agreement; remaining differences are primarily textual and non-substantive. This represents a crucial step toward national stablecoin regulations after years of stalled efforts. Market responses remain cautious as negotiations continue. A broader shift towards uniform regulation could potentially streamline global digital finance practices, especially with international issuers under scrutiny.