美國總統唐納德·特朗普的加密和人工智能顧問大衛·薩克斯（David Sacks）

說，政府預計，穩定法案將以兩黨支持來清除參議院。

The US administration is expecting bipartisan support to clear the Senate and pass the stablecoin bill, says David Sacks, President Donald Trump’s top adviser on crypto and artificial intelligence.

唐納德·薩克斯（David Sacks）表示，美國政府希望兩黨的支持能夠清除參議院，並通過穩定法案。

Speaking to CNBC on May 21, Sacks said the bill could trigger “trillions of dollars” in demand for US Treasurys by unlocking stablecoin growth.

薩克斯（Sacks）在5月21日在CNBC上發表講話時說，該法案可能會通過解鎖Stablecoin增長來觸發對美國國債的“數万億美元”。

“We have every expectation now that it’s going to pass. It’s certainly the hope,” he stated.

他說：“我們現在有一個期望。這當然是希望。”

The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act is the most advanced federal effort yet to establish a legal framework for dollar-pegged digital assets.

指導和建立為美國Stablecoins（GENIUS）法案（Genius Act）的指導和建立是最先進的聯邦努力，尚未建立美元的數字資產法律框架。

But it faces an uncertain future after a key procedural vote saw 15 Democrats join Republicans to clear the filibuster threshold.

但是，在一項關鍵的程序投票使15名民主黨人加入共和黨人以清除filibuster門檻之後，它面臨著不確定的未來。

“It’s a bipartisan vote in the Senate to move forward with the stablecoin legislation, setting up a final vote in the coming weeks,” Sacks noted.

薩克斯指出：“參議院的兩黨投票是繼續進行穩定的立法，在接下來的幾週內進行了最後一票。”

The administration is expecting the bill to clear the Senate with bipartisan backing.

政府預計該法案將通過兩黨支持清除參議院。

“We have every expectation now that it’s going to pass, and certainly it’s the hope. I think it’s good for the country and good for the economy.”

“我們現在有一個期望，它將過去，當然是希望。我認為這對國家有益，對經濟有益。”

The bill could trigger “trillions of dollars” in demand for US Treasurys by unlocking stablecoin growth.

該法案可能會通過解鎖Stablecoin增長來觸發對美國國債的“數万億美元”。

“If you look at the numbers, we already have over $200 billion in stablecoins — it’s just that they’re largely unregulated. So if we provide that legal clarity and certainty, I think we’ll create enormous demand for Treasurys practically overnight.”

“如果您查看這些數字，我們已經有超過2000億美元的Stablecoins - 只是它們在很大程度上不受監管。因此，如果我們提供了法律上的清晰度和確定性，我認為我們幾乎會在一夜之間對財務庫產生巨大的需求。”

Stablecoin bill faces backlash over Trump family ties

Stablecoin法案面臨對特朗普家庭關係的反對

The stablecoin bill’s progress comes despite controversy surrounding the Trump family’s crypto dealings.

儘管圍繞特朗普家族的加密貨幣交易的爭議，但穩定的比爾的進步仍在。

Critics have raised concerns that the administration benefits from the legislation, given its ties to World Liberty Financial, a crypto firm backed by Trump family members.

批評者提出了對政府從立法中受益的擔憂，鑑於其與世界自由金融公司的聯繫，這是由特朗普家族成員支持的加密貨幣公司。

The firm recently launched a stablecoin, USD1, which is backed by US Treasurys and dollar deposits and has received a $2 billion investment commitment from Abu Dhabi’s MGX fund via Binance.

該公司最近推出了一家穩定的USD1，該公司由美國財政部和美元存款提供支持，並通過二錢從阿布扎比的MGX基金獲得了20億美元的投資承諾。

Sacks, who disclosed the sale of $200 million in crypto-related holdings before joining the White House, declined to comment on whether the president or his family may financially gain from the bill’s passage.

薩克斯（Sacks）在加入白宮之前透露了出售2億美元與加密貨幣相關的股份，他拒絕評論總統或其家人是否可以從該法案的通過中獲得財務收益。

He added that the legislation is not focused on a specific company or product, despite rumors to the contrary.

他補充說，儘管有相反的謠言，但該立法並未集中在特定的公司或產品上。

“This is really focused on US economic leadership in the global financial system,” he emphasized.

他強調：“這確實集中在全球金融體系中的美國經濟領導力上。”

Despite momentum, final passage is not guaranteed. Senator Josh Hawley has added a controversial provision to the bill that would cap credit card late fees.

儘管動力，但並不能保證最終通道。參議員喬什·霍利（Josh Hawley）已在該法案中增加了有爭議的規定，該規定將使信用卡延遲費用。

This move could scuttle the legislation by merging it with a measure to slash the CARD Act’s protections for consumers and, ultimately, bankroll the government through inflation.

這一舉動可以通過將立法與削減《卡法案》對消費者的保護以及最終通過通貨膨脹進行資金的措施合併來破壞立法。

The move could also lose the bill support from financial industry allies, rolling up several measures to jam through an omnibus spending bill.

此舉還可能失去金融業盟友的法案支持，通過綜合支出法案提出了幾項措施。

Banks panicking over yield-bearing stablecoins

銀行驚慌失措

In a May 21 post titled “The Empire Lobbies Back,” New York University professor Austin Campbell said the US banking industry is “panicking” over the rise of yield-bearing stablecoins.

紐約大學教授奧斯汀·坎貝爾（Austin Campbell）在5月21日的題為“帝國遊說返回”的帖子中說，美國銀行業對承擔屈服的穩定者的興起感到“恐慌”。

According to Campbell, the banking lobby is applying pressure on lawmakers to defend their interests and block competition from interest-paying stablecoins.

據坎貝爾稱，銀行大廳正在向立法者施加壓力，要求其捍衛自己的利益，並阻止競爭不受利益支付股份。

He explained that banks rely on fractional reserve practices to profit while offering low returns to depositors.

他解釋說，銀行依靠分數儲備慣例來獲利，同時向存款人提供較低的回報。

However, stablecoins threaten this model by providing both interest to users and complete capital backing for the tokens.

但是，Stablecoins通過向用戶提供興趣並為代幣提供完整的資本支持來威脅該模型。

“The banks fear that if this new technology is fully realized, it could expose and disrupt the existing system,” he stated.

他說：“銀行擔心，如果這項新技術已經完全實現，它可能會暴露並破壞現有系統。”

As reported by Cointelegraph, the US Securities and Exchange Commission in February approved the first yield-bearing stablecoin security by Figure Markets.

正如CoIntelegraph報導的，美國證券交易委員會在2月份批准了第一個按照人物市場的承重穩定安全性。

According to a May 21 report by Pendle, yield-bearing stablecoins have soared to $11 billion in circulation since January 2024, representing 4.5% of the total stablecoin market.

根據彭德爾（Pendle）5月21日的報告，自2024年1月以來，承擔屈服的穩定率已經飆升至110億美元，佔穩定市場總市場的4.5％。