They present second bill to regulate stablecoins in the US.

American congressmen Bryan Steil and French Hill today presented the transparency and responsibility law of Stablecoins for a better accounting economy (Stable), a project that seeks to establish a legal framework for the issuance and operation of Stablecoins linked to the dollar.

The initiative, backed by legislators of both parties, arrives at a key moment for the regulation of digital assets, adding to previous efforts such as the genius law, which already advances in Congress.

Steil, president of the Digital Assets Subcommittee, Financial Technology and Artificial Intelligence, and Hill, leader of the Financial Services Committee of the House of Representatives, lead this proposal which promises regulatory clarity for a growing sector.

The Stable Law has the support of figures such as Tom Emmer, leader of the majority of the Chamber and Vice President of the Digital Assets Subcommittee, and Ritchie Torres, Democratic Congressman for New York. Emmer stressed that the legislation will position the United States as a leader in the modernization of the global financial system, while Torres stressed its importance to integrate Stablecoins into the financial system in a responsible manner.

Other copatrochinters include Republicans such as Bill Huizenga, Michael Meuser and Young Kim, along with Democrats such as Josh Gottheimer and Sylvio Liccardo, which reflects a unusual bipartisan support in financial technology issues.

This project does not arise from nothing, Steil and Hill have been working on it for months. In February, Both presented an initial draft that laid the foundations for this legislationfollowed by six weeks of consultations with members of Congress and interested parties. The process included hearings in the Digital Assets Subcommittee and the Financial Services Committee, where the details of the proposed framework were refined.

The objective, according to Steil, is to guarantee the future of financial payments and maintain the domain of the dollar as a world reserve currency, a point that resonates with Hill’s vision of continuing work on digital assets initiated in the last congress.

Two projects to regulate the stablecoins

The presentation of the Stable Law coincides with another ongoing legislative effort: the Genius Law, also focused on regulating the stablecoins. As Cryptonotics reported, this project was approved a few days ago by the Senate Banking Committee, marking a significant advance in the cryptoactive debate.

Unlike Stable, which prioritizes a general framework of operation and issuance, Genius includes specific provisions, such as the faculty of the Treasury Secretary to order the freezing of Stablecoins transactions such as USD Tether (USDT) and USD Coin (USDC) if fraud is suspected. This measure, informed by the same medium, adds a control layer that It could influence how both proposals are perceived in the financial sector.

The political context also plays an important role. President Donald Trump recently expressed his support for legislation on Stablecoins, urging Congress to pass it before the August recess.

The pressure for regular this market is not new. The stablecoins, digital tokens designed to maintain a stable value against the dollar or another asset, have gained relevance in recent years, especially in cross -border payments and decentralized finance.

However, the differences between Stable and Genius could generate tensions. While Stable looks for a broad, collaborative and innovation -oriented approach, Genius introduces stricter supervision tools, which could worry some ecosystem actors.

For example, the freezing of transactions raised in Genius aims to combat fraud, but it could also limit the flexibility of the stablcoins, an aspect that Stable seems to avoid When focusing on transparency and stability.

There is still a way to go. The Stable Law must go through the full legislative process, facing debates in the House of Representatives and, if approved, to the Senate, where Genius already has an advantage.

The coexistence of both projects raises questions about how they will be harmonized, if they do it, or if one will end up prevailing. For now, Steil and Hill bet on a framework that fosters innovation without sacrificing consumer protection, A balance that will be tested in the coming weeks.

The impact of these laws could be global. Stablecoins move billions of dollars daily, and their regulation in the United States will influence international markets. With Trump supporting the cause and Congress advancing in parallel with Stable and Genius, 2025 could mark a before and after for digital assetsdefining the role of the dollar in an increasingly digitized world.