制定穩定法規的美國立法未能邁出巨大的一步

加密貨幣行業一直在密切關注參議院，在那裡，其長期鬥爭的立法戰役的命運在今年的平衡中陷入困境。

A U.S. legislation that would establish stablecoin regulation failed to take a huge step closer to reality on Thursday as a rush of Democratic resistance kept the bill from moving into a debate phase, which would have been the path toward an eventual vote on passage.

一項將製定Stablecoin法規的美國立法在周四未能邁出巨大的一步，因為民主抵抗的匆忙使該法案無法進入辯論階段，這將是最終對通行證進行投票的道路。

The crypto industry has been closely watching the Senate, where the fate of its long-fought legislative battle hangs in the balance this year. The first of two major digital assets bills — this one to regulate stablecoins such as Circle's USDC and Tether's USDT — ran into a congressional roadblock, despite having easily won bipartisan approval in a previous Senate Banking Committee vote.

加密貨幣行業一直在密切關注參議院，在那裡，其長期鬥爭的立法戰役的命運在今年的平衡中陷入困境。兩項主要的數字資產法案中的第一個（這是一個規範Circle的USDC和Tether的USDT）遇到了國會障礙，儘管在先前的參議院銀行委員會的投票中贏得了兩黨的批准，但仍遇到了國會障礙。

A technical but vital vote to advance the legislation into days of floor debate next week, failed 48-49. Under Senate rules, 60 votes were needed to advance debate. Senators Josh Hawley and Rand Paul broke ranks with their fellow Republicans to vote against advancing the legislation. Senate Majority Leader John Thune flipped his vote to no as well at the end of the vote series in a procedural move to bring the legislation back at a future date.

下週將立法推進立法日期辯論時期的技術但至關重要的投票失敗了48-49。根據參議院的規定，需要60票才能提出辯論。參議員喬什·霍利（Josh Hawley）和蘭德·保羅（Rand Paul）與共和黨同胞分手，投票反對立法。參議院多數黨領袖約翰·圖恩（John Thune）在投票系列的結束時將他的投票拒之門外，以在未來日期將立法帶回的程序舉動。

Some Democrats who had previously spoken in favor of the effort turned against it in recent days, saying the stablecoin regime needed more safeguards against illicit behavior, most notably singling out the crypto business ties of President Donald Trump as a potential conflict of interest that was flagged by many of them as corruption.

一些以前曾表示贊成這項努力的民主黨人最近幾天反對這一努力，稱穩定政權需要更多的保障措施來防止非法行為，最著名的是，將唐納德·特朗普總統的加密貨幣業務聯繫起來是潛在的利益衝突，這些衝突被許多人稱為腐敗。

Senator Ruben Gallego, who received $10 million in backing from the crypto industry's political action committees during the 2024 election, was among them, and he said on the Senate floor before the vote, "I believe there is a pathway for us to actually get this done, get good language, have a bipartisan win for this country."But he said the hard work and "good faith" that's gone into the bill so far should be paused.

參議員魯本·加勒戈（Ruben Gallego）在2024年大選期間從加密貨幣行業的政治行動委員會獲得了1000萬美元的支持，其中包括他在參議院的投票前在參議院的一席之地上說：“我相信我們有一條途徑可以使我們真正完成這項工作，獲得良好的語言，獲得良好的語言，對這個國家贏得了雙重勝利，但他說了一個艱苦的信仰。

"The reason you're hearing some hesitancy: The legislation of this scope and importance really cannot be rushed, and we need time," he said, adding that he's not seeking to shut the process down. "We want to bring this economy and this innovation to the United States."

他說：“您聽到一些猶豫的原因：這種範圍和重要性的立法確實不能匆忙，我們需要時間。”他補充說，他不尋求關閉該過程。 “我們希望將這種經濟和這項創新帶入美國。”

Gallego asked for Republicans to agree to hold off on the vote until at least Monday to give lawmakers time to "educate" the bill's opponents on the legislative text — which hadn't been finalized at the time the vote began.

加勒戈（Gallego）要求共和黨人同意進行投票，直到至少在星期一，以使立法者有時間在立法文本上“教育”該法案的反對者 - 在投票開始時尚未完成。

Senator Mark Warner, a Virginia Democrat, echoed that he hopes debate can still happen as early as next week, noting that "stablecoins are undeniably a part of the future of finance," but he argued the "text isn't yet finished" and needs to provide Americans more protections.

弗吉尼亞州民主黨參議員馬克·華納（Mark Warner）回應說，他希望辯論能夠在下週仍然可以進行，並指出“穩定者無疑是財務未來的一部分”，但他認為“文字尚未完成”，並且需要為美國人提供更多的保護。

Republicans, including Majority Leader John Thune, had encouraged the Senate to press forward to an open debate, where changes could still be made.

包括多數黨領袖約翰·杜恩（John Thune）在內的共和黨人鼓勵參議院進行公開辯論，在那裡仍然可以進行改變。

"We must grab the reins and ensure that all Americans are able to take charge of their financial future," said Senator Cynthia Lummis, the Wyoming Republican who leads a crypto subcommittee in the Senate. She said before the vote that senators' staffs have "been working for days recently — days — to bring this bill to the floor" and have already taken many amendments from Democrats.

懷俄明州共和黨參議員辛西婭·盧米斯（Cynthia Lummis）說：“我們必須抓住ins繩，並確保所有美國人能夠負責他們的財務未來。”她在投票之前說，參議員的工作人員“最近已經工作了幾天（幾天），以使這項法案登上地板”，並且已經採取了民主黨的許多修正案。

"This is a bipartisan bill and had bipartisan process from the very beginning," Thune said in remarks after the vote in which he said Democrats refused to begin the debate the Senate has been building toward.

圖恩在投票後說：“這是一項兩黨法案，從一開始就開始了兩黨的進程。”

"Democrats have been accommodated every step of the way," he added, noting this is now the sixth version of the legislation.

他補充說：“民主黨人已被安置在每一步。”

"I just don't get it," he said. The plan now is to "bring this legislation up again if and when Democrats are ready to get serious. Clearly today they are not."

他說：“我只是不明白。”現在的計劃是“如果民主黨人準備好認真對待，則“再次提出這項立法。顯然，今天不是。 ”

Senator Bill Hagerty, who introduced the bill in the first place, went further, saying lawmakers voting against opening debate were actually voting to "kill the crypto industry here in America."

首先提出該法案的參議員比爾·哈格蒂（Bill Hagerty）進一步提出了該法案，稱對開幕式辯論的議員們實際上投票反對“殺死美國這裡的加密貨幣產業”。

Read More: Senate Republicans Making Plea to Get on With Stablecoin Debate

閱讀更多：參議院共和黨人請求繼續進行Stablecoin辯論

UPDATE (May 8, 2025, 18:55 UTC): Adds remarks from Majority Leader John Thune.

更新（2025，18：55 UTC）：補充了多數黨領袖約翰·圖恩（John Thune）的言論。