according to independent researcher ningning's analysis, there are significant differences in stablecoin regulation between the "STABLE Act" and "GENIUS Act" introduced by the U.S. House of Representatives and Senate respectively. The "STABLE Act" focuses on protecting consumers and maintaining the dominance of the U.S. dollar, requiring issuers to have a 1:1 cash reserve, U.S. Treasury bonds, or highly liquid assets, with no issuance limit and no need for state certification, but with strict restrictions on the issuer's activities; while the "GENIUS Act" focuses more on improving trading efficiency and increasing demand for U.S. Treasury bonds, allowing for repurchase agreements and money market fund investments, and requiring issuers to be subject to federal regulation once they exceed a capitalization of over $100 billion, prioritizing stablecoin holders' rights in the event of bankruptcy, while also providing more flexible regulatory space.