儘管兩黨起步，但民主黨人現在對潛在的利益衝突表示關注

近幾個月來，加密貨幣已經主導了頭條新聞，如今，隨著歷史悠久的《天才法》（Genius Act）進行地板投票，所有人都注視著美國參議院。

Cryptocurrency has dominated headlines in recent months, and today, all eyes are on the U.S. Senate as the historic GENIUS Act heads to a floor vote. As the crypto community watches closely, the outcome of today’s vote could have massive implications for the future of digital asset regulation in the U.S.

近幾個月來，加密貨幣已經主導了頭條新聞，如今，隨著歷史悠久的《天才法》（Genius Act）進行地板投票，所有人都注視著美國參議院。正如加密社區密切關注的那樣，當今投票的結果可能會對美國的數字資產監管的未來產生巨大影響

Despite being a bipartisan bill initially, Democrats are increasingly expressing concerns over potential conflicts of interest, particularly involving former President Donald Trump’s ties to the stablecoin USD1. The Trump-backed stablecoin is now the 5th-largest stablecoin in the world.

儘管最初是兩黨法案，但民主黨人越來越表達對潛在利益衝突的擔憂，特別是涉及前總統唐納德·特朗普與Stablecoin USD1的聯繫。由特朗普支持的Stablecoin現在是世界上第五大穩定幣。

According to CoinMarketCap data, USD1 now claims a $2.12 billion market cap, which places it ahead of PayPal’s PYUSD and Tether Gold. The ranking has a caveat: if DAI, USDS, and sUSDS are treated as separate tokens, then USD1 claims the seventh spot globally. These tokens are technically distinct even though they share the same collateral mechanism.

根據CoinMarketCap數據，USD1現在聲稱具有21.2億美元的市值，這使其領先於PayPal的Pyusd和Tether Gold。排名有一個警告：如果DAI，USD和SUSD被視為單獨的令牌，則USD1在全球範圍內宣稱這是第七名。這些令牌在技術上是不同的，即使它們具有相同的附帶機制。

A $2B Deal and the Trump Connection

$ 2B的交易和特朗普的連接

Trump family-owned World Liberty Financial’s stablecoin USD1 was launched in March 2025. It rapidly grew in value thanks to a $2 billion investment from Abu Dhabi’s MGX. The funds were used to facilitate a deal with Binance, triggering waves of speculation and political fallout.

特朗普家族擁有的世界自由金融公司的Stablecoin USD1於2025年3月推出。由於阿布扎比的MGX投資了20億美元，它的價值迅速增長。這些資金被用來促進與義務的協議，引發了猜測和政治後果的浪潮。

The fact that nearly all of USD1’s issuance is on BNB Chain has only added to the buzz surrounding its explosive growth. It took just weeks for USD1 to jump from $128 million to over $2.1billion in market cap, making it the 5th largest stablecoin at the time of writing.

幾乎所有USD1發行都在BNB鏈上的事實僅增加了其爆炸性增長的嗡嗡聲。僅需幾個星期，即可花1週的時間從1.28億美元增加到超過21億美元的市值，這使其成為撰寫本文時的第五大穩態。

GENIUS Act Vote Under Fire

天才法案在大火中投票

The sudden rise of Trump’s stablecoin couldn’t come at a more controversial time. The U.S. Senate is preparing for a crucial vote on the GENIUS Act—a landmark bill designed to regulate stablecoins.

特朗普的穩定蛋白的突然興起在一個更具爭議的時刻不可能出現。美國參議院正在準備對《天才法案》（Genius Act）進行至關重要的投票，這是一項旨在規範stablecoins的具有里程碑意義的法案。

Initially welcomed across party lines, the bill now faces fresh Democratic resistance. Critics argue that USD1’s ties to a Trump-backed project and UAE-linked capital could open floodgates to political profiteering.

該法案最初受到跨黨派的歡迎，現在面臨著新的民主抵抗。批評者認為，USD1與特朗普支持的項目和阿聯酋有聯繫的資本的聯繫可能打開閘門，以實現政治暴力。

In fact, referencing the USD1 deal Senator Elizabeth Warren warned:

實際上，參考USD1交易參議員伊麗莎白·沃倫（Elizabeth Warren）警告：

“The Senate shouldn’t pass a crypto bill this week to facilitate this kind of corruption,”

“參議院本週不應該通過加密貨幣法案來促進這種腐敗。”

The GENIUS Act proposes reserve rules, licensing, and compliance mandates. But with Trump’s stablecoin in the spotlight, some lawmakers say it also opens the door for political profiteering.

《天才法》提出了儲備金，許可和合規性規定。但是，隨著特朗普的穩定冠軍的關注，一些議員們說，這也為政治暴力打開了大門。

What’s Next for Trump’s Stablecoin?

特朗普的穩定幣的下一步是什麼？

The Senate vote is heading to the floor today, and all eyes are on Capitol Hill. The result of the vote could create a regulatory path for stablecoins in the U.S. Additionally, it will also determine if Trump’s stablecoin ends up cementing its position or getting sidelined by legislation.

參議院的投票今天正向地板投票，所有人的目光都集中在國會山上。投票的結果可能會在美國為穩定幣的監管途徑創造一條監管途徑，還將確定特朗普的斯塔布萊辛是否最終鞏固了其立場或因立法而被束縛。

If USD1 continues gaining momentum on BNB Chain, it could become a fixture in both markets and politics. That is, if it avoids any legal hurdles!

如果USD1繼續在BNB鏈上獲得動力，那麼它可能會成為市場和政治的固定裝置。也就是說，如果它避免了任何法律障礙！