The comparison chart between EU MiCA and US GENIUS Act (2025 version) is here! From the three dimensions of legislative process, regulatory scope, and stablecoin rules, break down the logic of European and American cryptocurrency regulation: Legislative side: After years of collaborative decision-making, the EU MiCA has been implemented, while the US GENIUS bill is still in the stage of review by the House of Representatives. Differences in the process reflect the path of regulatory consensus formation; Regulatory scope: The European Union builds a comprehensive framework for encrypted assets, while the United States focuses on targeted regulation of payment stablecoins, reflecting the distinction between "comprehensive coverage" and "precise regulation"; Stablecoin rules: From issuance requirements to reserve mechanisms, from compliance obligations to penalty standards, refine and compare the constraints and guidance of the two regulatory systems on the stablecoin ecosystem.