#USStablecoinBill STABLE Act*: This bill proposes guidelines for dollar-backed tokens, focusing on transparency and consumer protection. It passed the House Financial Services Committee with a 32-17 vote.

- *GENIUS Act*: Introduced by Senator Bill Hagerty, this bill creates a clear federal framework for stablecoins, emphasizing strict reserve standards, licensing procedures, and consumer protection. It allows smaller issuers to operate under state supervision while larger ones face federal oversight.

- *Implications:*

- *Regulatory Clarity*: Both bills aim to provide a clearer regulatory environment for stablecoin issuers, potentially boosting innovation and adoption.

- *Consumer Protection*: The bills prioritize user protection through strict rules on transparency, reserve management, and redemption rights.