According to Eleanor Terrett, a new version of the House's stablecoin bill, the STABLE Act, has been released by Rep. Bryan Steil and Rep. French Hill. The bill's full text is available, with a markup session scheduled for next Wednesday. This development could impact stablecoin regulations and trading strategies, as market participants may need to adjust to potential new compliance requirements.

According to Jake Chervinsky, the House has published its stablecoin bill draft, which closely resembles the Senate draft released earlier in the week. This alignment signals that Congress is on a fast track to finalize stablecoin regulations, which is considered a significant development for the cryptocurrency market despite its limited immediate impact on memecoin prices.

According to @EleanorTerrett, @FinancialCmte Chairman @RepFrenchHill and Digital Assets subcommittee chair @RepBryanSteil have released a discussion draft of a House bill to create a regulatory framework for U.S. stablecoins. This development is critical for traders as it could lead to increased regulatory clarity, potentially influencing stablecoin issuance and market dynamics.