House & Senate Bridge Stablecoin Bill Alignment

The U.S. House of Representatives and Senate have taken a significant step towards passing stablecoin legislation, as their respective bills are set for closer alignment following a review on Wednesday. According to PANews, Congressman Bryan Steil, Chairman of the House Digital Assets Subcommittee, indicated that the House’s STABLE Act is expected to closely follow the Senate’s GENIUS Act after undergoing revisions. This progress comes following several rounds of drafting and technical assistance from the SEC and CFTC.