#DigitalAssetBill

Two major stablecoin bills, the STABLE Act and the GENIUS Act, have gained momentum in the US Congress. Here's a summary of the latest developments:

- *STABLE Act*: Passed the House Financial Services Committee with a 32-17 vote, now awaiting a full House vote. The bill proposes a centralized framework with greater oversight by the Federal Reserve.

- *GENIUS Act*: Passed the Senate Banking Committee with bipartisan support (18-6 vote), with Senator Bill Hagerty expecting a full floor vote by the end of April. This bill suggests a hybrid model where the Fed would oversee issuers with over $10 billion in circulation.

- *Key Differences*: The GENIUS Act allows money market funds as reserves and has a $10 billion threshold for state-qualified issuers, whereas the STABLE Act does not. The bills may be merged into a single framework.

- *Predicted Timeline*: Charles Hoskinson predicts the stablecoin bill will pass within 60-90 days, potentially triggering a significant market movement. Lawmakers aim to finalize stablecoin legislation by mid-2025.