Tion：與數字資產（例如比特幣）不同，可以瘋狂地交易的比特幣是一部分加密貨幣的子集，其價值與現實世界中的資產相關

ATS此前拒絕了《天才法》，部分原因是特朗普總統的個人加密貨幣（包括他自己的模因硬幣和Stablecoin）

President Trump's personal cryptocurrency ventures, including his own meme coin and a stablecoin from his family's crypto business, have sparked concerns among Democrats, who previously rejected the GENIUS Act in part due to what they see as an unprecedented conflict of interest.

特朗普總統的個人加密貨幣企業，包括他自己的模因硬幣和家人的加密貨幣業務中的穩定幣，引發了民主黨的關注，民主黨人以前拒絕了天才行為，部分原因是他們認為是前所未有的利益衝突。

Unlike digital assets such as bitcoin, which can trade wildly, stablecoins are a subset of cryptocurrencies whose value is tied to that of a real-world asset, like the U.S. dollar. Bitcoin hit a new record on Wednesday, nearing $110,000.

與可以瘋狂交易的數字資產（例如比特幣）不同，Stablecoins是一個加密貨幣的子集，其價值與真實世界資產相關的價值，例如美元。比特幣在周三創下了新紀錄，接近110,000美元。

Tether, which is banked by Cantor Fitzgerald in the U.S., controls more than 60% of the stablecoin market. Deutsche Bank found that stablecoin transactions hit $28 trillion last year, surpassing that of Mastercard and Visa, combined.

由美國康托爾·菲茨杰拉德（Cantor Fitzgerald）在美國的邦德（Tether）控制了超過60％的Stablecoin市場。德意志銀行發現，去年的Stablecoin交易達到了28萬億美元，超過了萬事達卡和Visa的交易。

Sacks, who has emerged as a powerful policy voice inside Trump's inner circle, framed the GENIUS Act not just as a crypto breakthrough but as a national economic strategy.

薩克斯（Sacks）曾在特朗普的內心圈子內成為有力的政策聲音，他不僅將天才作為加密突破，而且還為國家經濟戰略。

"Stablecoins offer a new, more efficient, cheaper, smoother payment system — new payment rails for the U.S. economy," he said. "It also extends the dominance of the dollar online."

他說：“ Stablecoins提供了一種新的，更高效，更便宜，更平滑的支付系統 - 美國經濟的新付款軌道。” “這也擴大了在線美元的主導地位。”

The White House has aggressively backed the effort, even as concerns mount over the president's potential conflicts.

即使擔心總統的潛在衝突，白宮也積極支持這項努力。

While Sacks sold $200 million in crypto-related holdings before taking his White House job according to a disclosure filing, Trump and his family have been leaning into building a crypto empire.

根據披露文件，薩克斯在從事白宮工作之前出售了2億美元與加密貨幣相關的持股，但特朗普和他的家人一直在努力建立一個加密帝國。

The Trumps are financial backers of World Liberty Financial, which just launched its own stablecoin — USD1 — backed by Treasuries and dollar deposits.

特朗普是世界自由金融的財務支持者，剛剛推出了自己的穩定幣（USD1），並得到了國庫和美元存款的支持。

Abu Dhabi’s MGX investment fund recently pledged $2 billion in USD1 to Binance, the world's largest digital assets exchange. It's the company's largest-ever investment made in crypto.

阿布扎比的MGX投資基金最近承諾在全球最大的數字資產交易所Binance中向Binance捐款20億美元。這是該公司在加密貨幣上進行的最大投資。

Still, the path to passage isn't entirely smooth. Senator Josh Hawley, R-Mo., added a controversial rider to the bill that would cap credit card late fees — what's seen as a poison pill that could alienate banking allies and stall final approval.

儘管如此，通道的途徑並不完全平穩。參議員喬什·霍利（R-Mo。