《天才法》旨在調節一些加密貨幣

參議院週一晚些時候投票通過66-22投票，以推動《天才法》，該法案旨在規範一些加密貨幣。

The Senate vote 66-22 late Monday to advance the GENIUS Act, a bill that aims to regulate some cryptocurrencies, faced some Democratic opposition in recent weeks.

參議院投票66-22週一晚些時候推進了《天才法》，該法案旨在規範一些加密貨幣，最近幾週面臨一些民主反對派。

The industry-backed measure, which is being led by Sen. Bill Hagerty, R-Tenn., and Sen. Mark Warner, D-Va., sets rules targeting stablecoins, a type of cryptocurrency pegged to the value of another asset, often the U.S. dollar.

這項由行業支持的措施由參議員Bill Hagerty，R-Tenn。和D-Va。參議員Mark Warner制定了針對StableCoins的規則，該規則是一種固定在某種資產的價值的加密貨幣，通常是美元。

Proponents hailed the bill as a means of protecting consumers and setting industry standards, which could allow such crypto coins to become a mainstream tool for digital payments and other financial instruments.

支持者稱讚該法案是保護消費者和製定行業標準的一種手段，這可以使此類加密硬幣成為數字支付和其他金融工具的主流工具。

But critics warned that the bill fails to address conflict-of-interest concerns and risks endangering consumers and the wider economy with a weak set of rules.

但是批評者警告說，該法案未能解決利益衝突的問題，並以較弱的規則危害消費者和更廣泛的經濟。

“This sets the stage for these assets to go mainstream,” Christian Catalini, founder of the MIT Cryptoeconomics Lab, who supports the measure, said in a statement.

支持該措施的MIT Cryptoecomansics Lab的創始人克里斯蒂安·卡塔利尼（Christian Catalini）在一份聲明中說：“這為這些資產奠定了基礎。”

Here’s what to know about the GENIUS Act, and what it means for you.

這是關於天才行為以及對您意味著什麼的知識。

What is the GENIUS Act?

什麼是天才行為？

The GENIUS Act, or the "GENetic Issuance and Node Unification for Stablecoins Act," concerns the issuance and exchange of stablecoins, a form of digital currency backed by another form of currency like the U.S. dollar or a commodity like gold.

《天才法》或“遺傳發行和節點統一法案”涉及簽發和交換Stablecoins，這是一種以其他形式的貨幣形式支持的數字貨幣形式，例如美元或黃金等商品。

Stablecoins are designed to be less volatile than other forms of cryptocurrency, which can experience large price swings and, in turn, pose difficulty for individuals using them to facilitate a purchase or sale.

穩定幣的設計量比其他形式的加密貨幣揮發性較小，這種加密貨幣可能會經歷大量的價格波動，進而使使用它們促進購買或銷售的個人構成困難。

The bill sets rules for stablecoin issuers, including a mandate that firms hold a reserve of assets underlying the cryptocurrency. That stipulation aims to protect consumers, who otherwise risk a failure to cash out their holdings in the event of a rapid, widespread offloading of coins.

該法案為Stablecoin發行人制定了規則，其中包括公司持有加密貨幣背後的資產儲備的任務。該規定旨在保護消費者，否則，如果硬幣的迅速，廣泛的卸載，他們否則就有可能未能兌現其股份。

In a separate effort to safeguard consumers, the measure would require issuers to grant coin holders priority for repayment in the event of a bankruptcy. The measure also mandates issuers abide by some anti-money laundering rules and anti-terrorism sanctions.

在另一項努力保護消費者的努力中，該措施將要求發行人在破產時授予硬幣持有人的優先級以償還。該措施還要求發行人遵守一些反洗錢規則和反恐怖主義制裁。

What do supporters and critics say about the GENIUS Act?

支持者和批評家對《天才法》有何評論？

Supporters of the GENIUS Act say the measure is a first-of-its-kind effort to formalize a key segment of the cryptocurrency industry, offering safeguards for consumers, allowing entry for conventional financial firms and growing the digital currency market.

《天才法案》的支持者說，這項措施是正式化加密貨幣行業的關鍵部分的首要努力，為消費者提供保障措施，允許進入常規金融公司並發展數字貨幣市場。

“This opens the floodgates,” Catalini said. “You’ll see entry by many issuers. Consumers will all have more choices. This will bring more competition and innovation in payments.”

卡塔利尼說：“這打開了閘門。” “您會看到許多發行人的參賽作品。消費者都有更多的選擇。這將帶來更多的競爭和創新。”

The new rules, Catalini added, take the onus off of consumers to discern between good and bad actors within the stablecoin sector, instead opening up competition between firms based on the quality of their products.

卡塔利尼補充說，新規定使消費者的責任與stablecoin行業內的好和壞演員辨別，而是根據其產品質量開放公司之間的競爭。

“It becomes a game of who can deliver better use-cases and features to consumers and businesses the fastest,” Catalini said.

卡塔利尼說：“這成為可以為消費者和企業提供更好的用例和功能的遊戲。”

But critics of the measure say it amounts to an industry-friendly set of weak regulations that fail to adequately protect consumers and police illicit trading of stablecoins.

但是對該措施的批評者說，這相當於一套對行業友好的法規，這些法規無法充分保護消費者和警察對穩定的貿易。

“While a strong stablecoin bill is the best possible outcome, this weak bill is worse than no bill at all,” Sen. Elizabeth Warren, D-Mass., said on the Senate floor Monday.

D-Mass。參議員伊麗莎白·沃倫（Elizabeth Warren。

Critics say the shortcomings of the bill are exemplified by its inability to address conflict-of-interest concerns raised by Trump’s dealings in stablecoins.

批評者說，該法案的缺點是因為它無法解決特朗普在斯塔布萊恩（Stablecoins）的交易引起的利益衝突擔憂。

In March, Trump-backed crypto firm World Liberty Financial issued a stablecoin USD1. An Abu Dahbi-based investment firm earlier this month used the stablecoin to make a $2 billion investment in crypto exchange Binance, putting Trump’s company in a position to profit from the deal. Trump has denied any wrongdoing.

3月，特朗普支持的加密公司世界自由金融公司發行了Stablecoin USD1。一家總部位於阿布達比的投資公司本月早些時候利用Stablecoin對加密貨幣交易所進行了20億美元的投資，這使得特朗普的公司能夠從交易中獲利。特朗普否認有任何不當行為。

The bill features a stipulation that would “prohibit any member of Congress or senior executive branch official from issuing a payment stablecoin product during their time in public service.”

該法案的規定將“禁止任何國會成員或高級行政部門官員在公共服務期間發行付款Stablecoin產品”。

Still, Warren said, the measure inadequately protects against concerns raised by Trump’s venture.

沃倫說，儘管如此，這項措施仍然不足地保護了特朗普冒險的擔憂。

“This bill provides even more opportunities to reward buyers of Trump’s coins with favors like tariff exemptions, pardons, and government appointments,” Warren added.

沃倫補充說：“該法案提供了更多的機會，以獎勵特朗普硬幣的買家，諸如稅收豁免，赦免和政府任命之類的人。”