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The U.S. March unadjusted CPI year-over-year dropped to 2.4%, down from 2.8% last month and below the 2.6% market expectation. While this signals cooling inflation, the market reaction has been muted.
How will this impact the Fed rate cut expectations and the crypto market? Share your thoughts with #CPIDataComing for a chance to win a $50 reward!
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The differences between the stablecoin bills in the U.S. House and Senate are only 20%, mainly concerning the regulation of international issuers.
According to the Gate.io News bot, Fox reporter Eleanor Terrett reported that Bryan Steil, the chairman of the U.S. House Digital Asset Subcommittee, revealed that the "STABLE Act" is being aligned with the Senate's "GENIUS Act" after being reviewed on Wednesday. Both bills will undergo multiple rounds of draft revisions in the House and Senate, with technical support from the SEC and CFTC.
Steil pointed out that there is currently about a 20% difference between the two bills, which mainly lies in the wording of the texts rather than the substantive content. The main points of divergence include specific requirements for international stablecoin issuers, the division of regulatory responsibilities among states for issuing institutions, and certain technical details.