民主黨人屈服，參議院即將通過《天才法》，這是一項廣泛的加密貨幣法

在華盛頓特區的行業遊說氾濫和民主黨的投降中，參議院正在設定通過《天才法案》，這是一項席捲籠統的加密貨幣法，可能會傳播欺詐行為

Amid a flood of industry lobbying in Washington, DC, and Democrats’ capitulation, the Senate is set to pass the GENIUS Act, a sweeping cryptocurrency law that could spread fraud-ridden, destabilizing digital currencies across the banking system. But lawmakers and consumer protection experts warn that the bill has an even more serious problem: it would allow Elon Musk and other Big Tech tycoons to issue their own private currencies.

在華盛頓特區的行業遊說氾濫和民主黨的投降中，參議院將通過《天才法案》，這是一項席捲的一項廣泛的加密貨幣法，可能會在整個銀行體​​系中傳播欺詐，破壞欺詐，破壞穩定的數字貨幣。但是，立法者和消費者保護專家警告說，該法案有一個更嚴重的問題：這將使埃隆·馬斯克（Elon Musk）和其他大型技術大亨能夠發行自己的私人貨幣。

That means we could soon live in a world where all online transactions will require us to pay for goods in billionaires' own made-up monopoly money, for which tech giants will be able to charge exorbitant transaction fees.

這意味著我們很快就會生活在一個世界上所有在線交易都將要求我們在億萬富翁自己的虛構壟斷貨幣中支付商品的世界，而科技巨頭將能夠收取高昂的交易費用。

This scenario isn't just a pipe dream. It's a long-running project by tech platforms to control payment networks. In the past few weeks, Meta began laying the groundwork once again to launch its own cryptocurrency.

這種情況不僅是一個夢想。這是技術平台控制支付網絡的長期項目。在過去的幾周中，梅塔（Meta）開始再次為自己的加密貨幣奠定基礎。

What's more, thanks to a bipartisan "compromise" that convinced Democratic holdouts to support the legislation, the latest version of the bill could stop the government's top financial and tech regulator from overseeing any of these potential tech currencies.

更重要的是，得益於兩黨的“妥協”，說服了民主黨人支持立法，該法案的最新版本可以阻止政府的頂級金融和技術監管機構監督這些潛在的技術貨幣中的任何一種。

The GENIUS Act, which stands for Guiding and Establishing National Innovation for US Stablecoins, was designed to create light-touch regulations for stablecoins, a more commonly used form of crypto token that is often pegged to the US dollar in an equivalent value (one stablecoin is redeemable to one dollar).

《天才法案》代表為美國穩定的指導和建立國家創新，旨在為stablecoins創建輕觸式法規，這是一種更常用的加密代幣形式，通常以同等的價值將美元掛鉤（一個stablecoin可以兌換為一個dollar）。

If it becomes law, any banking or even nonbanking enterprise could get a license to deal stablecoins with minimal oversight. This could riddle the entire financial system with volatility and make illicit activity like fraud and terrorism undetectable while providing major new markets to the companies issuing the cryptocurrencies. The El Salvador–based firm Tether is currently the largest trading platform for these currencies and has faced numerous US lawsuits for fraud.

如果成為法律，則任何銀行業甚至非銀行企業都可能獲得許可，以最少的監督來處理穩定的企業。這可能會帶有波動性的整個金融體系，並使諸如欺詐和恐怖主義之類的非法活動在為發行加密貨幣的公司提供主要的新市場。總部位於薩爾瓦多的公司Tether目前是這些貨幣的最大交易平台，並且面臨著許多美國欺詐訴訟。

After some crypto-friendly Democrats temporarily backed away from their support for the bill earlier this month, Republicans came to the bargaining table and made what appeared to be some modest concessions to temper Democrats' concerns about Trump's corrupt use of crypto for personal gain. But a legal analysis from the Democratic staff on the Banking Committee just blasted this new version of the bill for allowing Big Tech to create its own currencies, among a litany of other problems.

在本月初暫時退出對法案的支持之後，共和黨人來到了討價還價的桌子上，並使似乎有些適度的讓步，以緩解民主黨對特朗普對特朗普腐敗使用加密貨幣的擔憂。但是，銀行委員會民主黨工作人員的法律分析剛剛爆炸了該法案的這一新版本，因為它允許大型技術創建自己的貨幣，以及其他一系列其他問題。

The bill also includes a giant carve-out to ensure Musk's social media platform X, formerly Twitter, would not be covered by even modest restrictions, thereby "gifting the President’s closest Big Tech ally a competitive advantage in creating his own private currency," according to the Banking Committee analysis.

該法案還包括一個巨大的雕刻，以確保Musk的社交媒體平台X（以前為Twitter）甚至不受適度的限制所涵蓋，從而“向總統最接近的大型技術盟友贈與創建自己的私人貨幣具有競爭優勢”。

Musk might not be the only one scoring these benefits. The Trump administration could also waive the bill's more stringent requirements for any favored tech company, according to the Senate Banking Committee staff.

馬斯克可能不是唯一獲得這些好處的人。參議院銀行委員會的工作人員稱，特朗普政府還可以放棄該法案對任何受青睞的科技公司的更嚴格要求。

On top of these carve-outs, a new legal citation slipped into the bill tacitly strips away the authority of the Consumer Financial Protection Bureau (CFPB), a key financial and tech regulator, to oversee the issuance of stablecoins. The CFPB has been probing Meta and other tech companies' payment networks and has taken action to regulate those platforms like banks.

除了這些雕刻外，一項新的法律引文默默地剝奪了一項關鍵的金融和技術監管機構消費者金融保護局（CFPB）的權力，以監督穩定的發行。 CFPB一直在探測Meta和其他科技公司的支付網絡，並已採取行動來規範銀行等這些平台。

Despite these concerns, sixteen Democratic senators just voted in favor of moving the updated bill to a floor vote, which all but guarantees its passage through the Senate. Just two Republicans, Senator Rand Paul (R-KY) and Senator Jerry Moran (R-KS), voted against the measure, disfavoring federal intervention to assist crypto and Big Tech.

儘管有這些擔憂，但16名民主黨參議員剛剛投票贊成將最新的法案轉移給地板投票，這幾乎保證了其通過參議院的通過。參議員蘭德·保羅（R-KY）和參議員傑里·莫蘭（R-KS）只有兩名共和黨人投票反對這項措施，不利於聯邦干預以協助加密技術。

According to Democrats on the Senate Banking Committee, their colleagues have now given license to the kind of blatant pay to play that Democrats had claimed to oppose in the original version of the GENIUS Act.

據參議院銀行委員會的民主黨人稱，他們的同事們現在已經獲得了這種公然薪水的許可，即民主黨在《天才法案》的原始版本中聲稱反對反對。

The tech giants that stand to benefit from the bill funneled millions of dollars to key swing-seat candidates this past election. Those include vocal crypto allies Ruben Gallego (D-AZ) and Elissa Slotkin (D-MI), who each received $10 million from political action committees funded by cryptocurrency interests. The Protect Progress PAC, the Democratic arm of the crypto lobby's campaign spending operation, spent $33 million on both primary and general election races in 2024.

在過去的選舉中，將從該法案中受益的科技巨頭將數百萬美元匯入了數百萬美元。其中包括聲樂加密盟友Ruben Gallego（D-AZ）和Elissa Slotkin（D-MI），他們每個人都從加密貨幣利益資助的政治行動委員會中獲得了1000萬美元。保護進度PAC是加密遊說大廳的競選開支行動的民主黨部門，在2024年在初級和大選比賽中花費了3300萬美元。