在九名參議院民主黨人反對斯塔布雷因（Stablecoin）之後，《天才法案》可能面臨可能的滅亡。

該組織由幾位最初支持該法案的參議員組成，對基本部分錶示擔憂。

The fate of the GENIUS Act, a bipartisan bill aiming to establish a legal framework for stablecoins in the U.S., hangs in the balance as nine Senate Democrats have voiced their dissent towards the legislation, rendering its passage bleak.

《天才法》的命運是一項旨在在美國建立法律框架的兩黨法案，懸而未決，持續了平衡，因為九個參議院民主黨人對立法表示了反對，使其通過了慘淡。

Among the Democrats who penned the opposition letter are Senators Ruben Gallego, Mark Warner, Andy Kim, and Lisa Blunt Rochester, several of whom had previously expressed support for the bill. Their stance shifts the focus to pressing issues such as anti-money laundering (AML), national security, and financial system stability.

參議員魯本·加勒戈（Ruben Gallego），馬克·華納（Mark Warner），安迪·金（Andy Kim）和麗莎·布朗特·羅切斯特（Lisa Blunt Rochester）的民主黨人包括參議員魯本·加勒戈（Ruben Gallego），其中一些以前曾表示對該法案的支持。他們的立場將重點轉移到諸如反洗錢（AML），國家安全和金融體系穩定等緊迫問題上。

"While we broadly agree with the goal of enacting legislation this session to regulate stablecoins, we feel strongly that the current version of the bill does not go far enough to address several critical issues," the Democrats stated in their letter to colleagues.

民主黨在給同事的信中說：“儘管我們廣泛地同意在本屆會議上製定立法來規範穩定幣的目標，但我們強烈認為該法案的當前版本還不足以解決幾個關鍵問題。”

The senators highlighted the need for more robust provisions to safeguard national security and prevent financial system risks, especially with foreign issuers. They also voiced concerns over the lack of sufficient AML measures in the bill.

參議員強調了需要更強大的規定來保護國家安全並防止金融體系的風險，尤其是在外國發行人的風險中。他們還對法案中缺乏足夠的AML措施表示擔憂。

"We must ensure that any stablecoin legislation takes into account the full scope of national security implications and protects our financial system from instability," the senators asserted.

參議員斷言：“我們必須確保任何穩定立法都考慮到國家安全影響的全部範圍，並保護我們的金融體系免受不穩定的侵害。”

The House bill, which is currently stalled in the Senate, would require stablecoin issuers to maintain full reserves for their tokens and undergo regular audits. Issuers with a market capitalization exceeding $50 billion would be subject to monthly disclosures and annual audits.

目前在參議院停滯不前的眾議院法案將要求Stablecoin發行人維護其令牌的全部儲備並進行定期審計。市值超過500億美元的發行人將受到每月披露和年度審計的約束。

However, the group of Democrats argued that the bill does not fully address concerns about the stability of the U.S. financial system, especially regarding foreign issuers. They believe that the legislation should factor in the potential risks posed by foreign actors and institutions engaging in stablecoin issuance.

但是，民主黨人辯稱，該法案並未完全解決對美國金融體系穩定的擔憂，尤其是對外國發行人的關注。他們認為，立法應考慮外國參與者和從事穩定發行的機構帶來的潛在風險。

The Democrats' statement puts a majority vote for the bill in jeopardy, posing significant challenges for the legislation.

民主黨的聲明在危險中對該法案進行了多數投票，對立法提出了重大挑戰。

"The threat posed by foreign adversaries through technology, specifically in the realm of digital assets, is a pressing concern that we must address without delay," said Senator Kim, emphasizing the urgency of considering national security implications.

“外國對手通過技術構成的威脅，特別是在數字資產領域，這是一個緊迫的關注，我們必須毫不拖延地解決。”

The bill faces an uphill battle as it needs to secure at least 60 votes to pass due to potential Republican dissent.

該法案面臨著一場艱苦的戰鬥，因為由於潛在的共和黨異議，需要至少獲得60票才能通過。

The GENIUS Act, which stands for "Global and Inclusive Stablecoins, Used in Trust and Unburdened Systems”, is a bipartisan measure that aims to regulate stablecoins in the U.S. It has secured support from Senators Bill Hagerty, R-Tenn., and Gary Schumer, D-N.Y., and its passage is crucial for the future of digital assets in the country.

《天才法案》代表“用於信任和不承擔的系統中的全球和包容性穩定的穩定者”，是一項兩黨措施，旨在調節美國的穩定菌，它得到了參議員Bill Hagerty，R-Tenn。和DN.Y. Gary Schumer和DN.Y.的Gary Schumer的支持。

Hagerty, a Republican senator, expressed confidence in securing bipartisan support for the bill, highlighting the importance of a unified U.S. approach to digital assets on a global scale.

共和黨參議員哈格蒂（Hagerty）表示有信心確保兩黨對該法案的支持，並強調了統一的美國在全球範圍內對數字資產的重要性。

"We're seeing a bipartisan consensus emerge in the Senate to complete this critical step in strengthening America's leadership in the emerging digital asset space," said Senator Hagerty.

參議員哈格蒂參議員說：“我們看到參議院的兩黨共識達到了這一關鍵一步，以加強美國在新興的數字資產領域的領導地位。”

The bill's passage is being closely watched by the crypto industry and broader financial institutions as it will determine the legal landscape for stablecoins in the U.S. Congress is facing pressure to quickly establish clear and fair regulations for digital assets as the market continues to grow and innovate.

該法案的通過密切關注加密貨幣行業和更廣泛的金融機構，因為隨著市場的持續增長和創新，美國國會的Stablecoins的法律景觀正面臨著迅速為數字資產建立明確而公平的規定的壓力。

The bill’s passage will also depend on the involvement of other Democrats, such as Kirsten Gillibrand and Angela Alsobrooks, who are yet to sign the letter but could be persuaded to shift their stance.

該法案的通過還將取決於其他民主黨人的參與，例如柯斯滕·吉利布蘭德（Kirsten Gillibrand）和安吉拉·阿爾索布魯克（Angela Alsobrooks），他們尚未簽署這封信，但可以說服自己的立場。

Hagerty believes that advancing and enacting the bill will be essential to protect the stability of the U.S. dollar and ensure U.S. dominance in digital asset regulations.

Hagerty認為，促進和製定該法案對於保護美元的穩定性並確保我們在數字資產法規中的主導地位至關重要。

"This bipartisan legislation will help to prevent a rapid devaluation of the dollar and ensure that the U.S. remains the world's preeminent financial power," he concluded.

他總結說：“這項兩黨的立法將有助於防止美元迅速貶值，並確保美國仍然是世界上傑出的金融權力。”

The setback for the GENIUS Act comes amid increased public interest in President Trump's family ties to the crypto sector.

《天才法案》的挫折是在公眾對特朗普總統與加密貨幣部門的家庭聯繫的越來越高的興趣之中。

The attention on the Trump family's stablecoins and digital asset ventures could influence the political perspectives of the bill's supporters as they strive to balance consumer protection and innovation in the emerging digital asset landscape.

當特朗普家族的穩定幣和數字資產合資企業的關注可能會影響該法案支持者的政治觀點，因為他們努力在新興的數字資產環境中平衡消費者的保護和創新。

House Democrats are also pushing for stricter regulations to shield consumers and prevent potential conflicts of interest. They aim to introduce amendments to the bill that would enhance consumer protections and prevent any perceptions of favoritism towards specific institutions or individuals.

眾議院民主黨人還在推動更嚴格的法規來掩蓋消費者並防止潛在的利益衝突。他們旨在對法案進行修正，以增強消費者的保護並防止對特定機構或個人的偏愛。

The GENIUS Act and similar legislation submitted to the House aim to regulate stablecoins used by large technology companies and hedge funds, presenting a new chapter in the U.S.'s approach to digital assets.

《天才法案》和類似的立法提交給房屋的目標，旨在規範大型技術公司和對沖基金使用的穩定幣，並在美國的數字資產方法中提出了新篇章。

Congress is facing pressure to quickly establish clear and fair regulations for digital assets as the market continues to grow. The outcome of the proposed legislation could transform the future of the U.S. crypto market and its regulatory framework.

國會正面臨迅速建立明確而公平的數字資產法規的壓力，隨著市場的不斷增長。擬議立法的結果可能會改變美國加密貨幣市場的未來及其監管框架。