天才法案，do kwon和terrausd：一個加密傳奇

《天才法案》（Genius Act）涉及誇恩（Kwon）關於Terrausd崩潰的審判，可能會重塑穩定法規並影響更廣泛的加密紀錄。

GENIUS Act, Do Kwon, and TerraUSD: A Crypto Saga Unfolds

天才法案，do kwon和terrausd：一個加密傳奇

The crypto world is holding its breath as the GENIUS Act and the trial of Do Kwon, co-founder of Terraform Labs, converge. The fate of TerraUSD (UST) and the broader stablecoin market hang in the balance.

Crypto World隨著天才法案和Terraform Labs的聯合創始人Do Kwon的審判而呼吸。 Terrausd（UST）和更廣泛的Stablecoin市場的命運處於平衡狀態。

The GENIUS Act: A Game Changer for Stablecoins?

《天才法案：stablecoins的遊戲規則改變者》？

The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, already passed by the Senate, aims to bring much-needed regulation to the stablecoin market. This could drastically alter the landscape for stablecoins like Tether (USDT) and, perhaps more directly, influence the legal proceedings against Do Kwon related to the TerraUSD collapse. The Act targets payment stablecoins, potentially impacting charges related to TerraUSD and the LUNA token.

參議院已經通過的指導和建立國家創新（GENIUS法案）旨在將急需的監管帶到Stablecoin市場。這可能會大大改變Tether（USDT）等Stablecoins的景觀，並更直接地影響了與Terrausd崩潰有關的do kwon的法律程序。該法案針對付款穩定幣，有可能影響與Terrausd和Luna代幣有關的指控。

If passed by the House and signed into law, the GENIUS Act will require stablecoin issuers to provide monthly, audited reports detailing their reserves. This increased transparency could pose challenges for companies like Tether, whose reserve composition has faced scrutiny. The Act also mandates registration with U.S. regulators, potentially affecting stablecoins based in foreign countries.

如果由眾議院通過並簽署為法律，《天才法》將要求Stablecoin發行人每月提供詳細介紹其儲備的審計報告。這種提高的透明度可能會對像Tether這樣的公司構成挑戰，Tether的儲備組成受到了審查。該法案還要求與美國監管機構進行註冊，這可能會影響國外的穩定幣。

Do Kwon's Day in Court: The Trial Looms

在法庭上做權日：審判迫在眉睫

Do Kwon, the central figure in the TerraUSD debacle, has pleaded not guilty to criminal fraud charges. The trial, set for February 2026, promises to be a landmark event in the crypto world. The judge overseeing the case has acknowledged the potential impact of the GENIUS Act, suggesting the legislation could alter the trial's trajectory.

Terrausd崩潰的中心人物Do Kwon對刑事欺詐指控不認罪。該審判定於2026年2月，有望成為加密世界中的地標活動。監督此案的法官承認了《天才法》的潛在影響，表明該立法可以改變審判的軌跡。

Prosecutors allege that Kwon misled investors about the stability and utility of the Terra blockchain and its products. The collapse of TerraUSD in May 2022 triggered a significant downturn in the crypto market, contributing to the downfall of other entities like FTX.

檢察官聲稱，權誤導了投資者關於Terra區塊鍊及其產品的穩定性和實用性。 2022年5月，Terrausd的崩潰引發了加密貨幣市場的嚴重衰退，這導致了FTX等其他實體的垮台。

LUNC's Lingering Hopes and Trump's Potential Pardon

倫克的揮之不去的希望和特朗普的潛在赦免

Despite the legal turmoil, the Terra Luna Classic (LUNC) community remains active. There's even discussion about reactivating a market module that was disabled during the 2022 crisis. Interestingly, prediction markets like Kalshi and Polymarket are even considering the possibility of a pardon for Kwon by former U.S. President Donald Trump.

儘管有法律動盪，但Terra Luna Classic（Lunc）社區仍然活躍。甚至討論了在2022年危機期間重新激活殘疾的市場模塊。有趣的是，像卡爾西（Kalshi）和Polymarket這樣的預測市場甚至考慮了前美國總統唐納德·特朗普（Donald Trump）赦免權的可能性。

Coinbase: A Potential Winner?

Coinbase：潛在的贏家？

While the GENIUS Act might present challenges for some stablecoin issuers, crypto exchange Coinbase (COIN) could emerge as a beneficiary. Wall Street analysts have a Moderate Buy consensus rating on COIN stock, although the average price target suggests potential downside risk.

儘管《天才法案》可能會對某些Stablecoin發行人提出挑戰，但加密交易所Coinbase（Coin）可能會成為受益人。華爾街分析師對硬幣股票的共識評級為中等，儘管平均價格目標表明潛在的下行風險。

Final Thoughts: A Crypto Cliffhanger

最終想法：加密cliffhanger

The intersection of the GENIUS Act and the Do Kwon trial creates a fascinating and uncertain moment for the crypto industry. Will the GENIUS Act bring stability and transparency to the stablecoin market? Will Do Kwon face the full consequences of the TerraUSD collapse? Only time will tell. One thing's for sure: the crypto world will be watching closely. Buckle up, buttercups, it's gonna be a wild ride!

《天才法》和《 do kwon試驗》的交集為加密貨幣產業創造了一個令人著迷且不確定的時刻。 《天才法》是否會給Stablecoin市場帶來穩定和透明度嗎？權會面對Terrausd崩潰的全部後果嗎？只有時間會證明。可以肯定的是：加密世界將密切關注。搭扣，毛cup，這將是一次瘋狂的旅程！