🚨NEW: @RepBryanSteil tells me that after Wednesday’s markup, the STABLE Act will be “well positioned to mirror up” with the Senate’s GENIUS Act following a few more “draft rounds” in the House and Senate with technical assistance from the @SECGov and @CFTC. He believes that the 20% of the bill that deviates from the GENIUS Act represents merely textual differences, rather than anything significant or substantive. Right now, the biggest differences are the requirements for international stablecoin issuers, state oversight of issuers and some smaller technical differences between the two texts. “At the end of the day, I think there's recognition that we want to work with our Senate colleagues to get this across the line,” Steil said.