《天才法案》法案已通過美國參議院的盤點動議

5月20日上午，北京時代，美國參議院以66票贊成和32票反對的是《天才法案》法案的封塊。

The U.S. Senate on Friday passed cloture on the GENIUS Act stablecoin bill with 66 votes in favor and 32 votes against.

美國參議院週五以66票贊成和32票反對的是《天才法案法案》中的盤點。

The vote came after the bill unexpectedly failed to get 60 votes needed to advance from a vote on Monday.

在周一的投票中，該法案出乎意料地獲得60票之後，投票就進行了。

The cloture motion, which is intended to end debate on an issue and prevent lawmakers from delaying or blocking a bill through filibuster, will now allow the Senate to proceed with the full debate and amendment process on the GENIUS Act.

旨在結束有關問題的辯論並防止立法者通過fillibuster延遲或阻止法案的動議，現在將允許參議院對《天才法》進行完整的辯論和修正案。

Earlier this year, U.S. President Donald Trump said that the administration is expected to introduce a regulatory framework for stablecoins and market institutions by August, when Congress will go into recess.

今年早些時候，美國總統唐納德·特朗普（Donald Trump）表示，預計該政府將在八月之前針對穩定幣和市場機構引入一個監管框架，屆時國會將融入理會。

If the bill is eventually passed by Congress and the president, it will be the first federal-level legislation on stablecoins in the United States.

如果該法案最終由國會和總統通過，它將是美國第一項關於Stablecoins的聯邦級立法。

The bill, which is officially known as the "Stablecoin Tether, Utility, and Investment into Sagely Evonomy Act," is a bipartisan effort to regulate the issuance and use of stablecoins.

該法案正式被稱為“ Stablecoin Tether，公用事業和對Sagely Evonomy Act的投資”，是規範發行和使用StableCoins的兩黨努力。

Stablecoins are a type of cryptocurrency that is pegged to the value of another asset, such as a fiat currency or commodity. They are used for various purposes, including payments, remittances, and cross-border transactions.

穩定幣是一種加密貨幣，與其他資產（例如法定貨幣或商品）的價值掛鉤。它們用於各種目的，包括付款，匯款和跨境交易。

The GENIUS Act would create a new licensing regime for stablecoin issuers and impose a range of requirements on them, such as maintaining a 1:1 reserve ratio for their stablecoins and complying with anti-money laundering laws.

《天才法案》將為Stablecoin發行人創建新的許可製度，並對他們徵收一系列要求，例如維持其穩定股的1：1儲備比並遵守反貨幣洗錢法。

The bill would also subject large technology companies that issue stablecoins to additional regulations, in recognition of the potential risks and impacts of Big Tech involvement in the financial sector.

該法案還將對大型技術公司進行大型技術公司，以承認大型技術參與金融領域的潛在風險和影響。

It is still unclear what impact these new clauses will have on the bill's chances of passage.

目前尚不清楚這些新條款對法案通過的機會有什麼影響。

The House of Representatives and the president would still need to approve the bill for it to become law.

眾議院和總統仍然需要批准該法案，以使其成為法律。

Generally speaking, when a bill is introduced, it will be assigned to a committee. Committee members will study, discuss and amend the bill. The GENIUS Act proposed by Senator Bill Hagerty was introduced on February 4 this year, and the committee assigned to it is the Banking, Housing and Urban Affairs Committee of the U.S. Senate.

一般而言，當提出法案時，將分配給委員會。委員會成員將研究，討論和修改該法案。參議員比爾·哈格蒂（Bill Hagerty）提出的《天才法》（Genius Act）於今年2月4日提出，分配給美國參議院的銀行，住房和城市事務委員會。

The bill will then go to a vote in the chamber it belongs to. If the bill passes in one chamber of Congress, it will be sent to the other chamber for the same study, discussion, amendment, and voting process.

然後，該法案將在其所屬的會議廳進行投票。如果該法案通過國會會議廳通過，則將其發送給另一個會議廳進行同一研究，討論，修正和投票程序。

Once both chambers have voted to pass the bill, the two sides must reconcile the differences in the two versions. Then, both chambers will vote on the same version of the bill for the final time. If the bill passes, it will be sent to the President of the United States.

一旦兩個議會都投票通過了該法案，雙方必須調和兩個版本中的差異。然後，兩個錢伯斯將在最後一次對同一版本的法案進行投票。如果法案通過，它將被發送給美國總統。

Once the president receives a bill, he or she will review it. The president can either approve the bill and sign it into law, or he or she can refuse to approve it, which is called a veto. If the president chooses to veto a bill, in most cases Congress can vote on the veto to overturn the president's decision and make the bill law. However, if the president does not sign a bill while Congress is not in session, the bill is automatically vetoed. This action is called a pocket veto, and Congress cannot override this type of veto.

總統收到賬單後，他或她將審查。總統可以批准該法案並將其簽署為法律，或者他或她可以拒絕批准該法案，這稱為否決權。如果總統選擇否決法案，在大多數情況下，國會可以對否決權進行投票，以推翻總統的決定並製定法案法。但是，如果總統在國會不參加會議時不簽署法案，則該法案將自動否決。該動作稱為袋裝否決權，國會不能覆蓋這種類型的否決權。

Judging from the current progress of the GENIUS Act, it will take time for the Senate to pass it, because filibusters are allowed to prevent the bill from entering the final vote. This time, the cloture motion requires a three-fifths supermajority (60 votes out of 100 votes). The current seats in the Senate are as follows: Republicans: 53 seats, Democrats: 45 seats, and independents: 2 seats (usually voting with the Democrats). In other words, in this vote, even if all Republican members vote in favor, they must get the support of Democratic members.

從《天才法》的當前進度來看，參議院將需要花費一些時間，因為允許filibususters防止法案進入最終投票。這次，Cloture動議需要五分之三的超級歡樂（100票中有60票）。參議院目前的席位如下：共和黨人：53個席位，民主黨：45個席位和獨立人士：2個席位（通常與民主黨投票）。換句話說，在這一投票中，即使所有共和黨人都投票支持，他們也必須得到民主黨成員的支持。

Now, after the Senate voted to pass the motion to end debate, the GENIUS Act will enter the Senate's full debate and amendment stage, and then will enter the House of Representatives.

現在，在參議院投票通過動議以結束辯論之後，《天才法》將進入參議院的完整辯論和修正階段，然後進入眾議院。

However, legislation in the House of Representatives only needs a simple majority (218 out of 435 votes) to pass. Currently, the House of Representatives is controlled by the Republican majority (220-215), so the GENIUS Act will be relatively easy to pass in the House of Representatives.

但是，眾議院的立法只需要簡單的多數（435票中的218票）即可通過。目前，眾議院由共和黨多數（220-215）控制，因此《天才法》將相對容易通過眾議院。

If the GENIUS Act is successfully signed into law by the President, it will have a profound impact on the stablecoin market. For example, it will promote industry consolidation, and some small issuers may be forced to exit the market due to their inability to meet reserve requirements. Increased consumer trust is expected to promote the adoption of stablecoins. Strengthening reserve audits and anti-money laundering compliance measures is expected to increase market transparency and attract institutional investors. However, the issuance of stablecoins by non-financial technology companies may be restricted. The new provisions stip

如果總統成功地將《天才法》成功簽署為法律，它將對穩定市場產生深遠的影響。例如，它將促進行業合併，並且由於無法滿足儲備要求，因此一些小型發行人可能被迫退出市場。預計消費者信任會增加，將促進穩定劑的採用。預計加強儲備審計和反洗錢合規措施將提高市場透明度並吸引機構投資者。但是，非金融技術公司發行穩定的穩定劑可能會受到限制。新規定