美国立法环境

由于对前总统唐纳德·特朗普（Donald Trump）参与加密货币的关注，美国立法景观被陷入了政治和金融的高风险漩涡中

The American legislative landscape is caught in a high-stakes swirl of politics and finance, with concerns about former President Donald Trump’s involvement in crypto ventures threatening to derail crucial stablecoin policy.

美国立法景观陷入了政治和金融的高风险漩涡中，担心前总统唐纳德·特朗普（Donald Trump）参与加密货币风险，威胁要脱轨至关重要的稳定政策。

As the dust settles on a tumultuous year in crypto, the rejection of the "Guiding and Establishing National Innovation for U.S. Stablecoins Act" (GENIUS Act) by the Senate comes as a blow to those pushing for robust digital currency legislation.

随着尘埃落定在加密货币的动荡一年中，参议院拒绝了“为美国稳定者法案的指导和建立国家创新”（天才法案），这是对那些推动强大的数字货币立法的人的打击。

But the rejection, which occurred in a close vote with senators returning to their home states and the session nearing its end, might be linked to broader ethical concerns that stalled the act's progress.

但是，拒绝是在经过一票的投票中发生的，参议员返回其本州并接近结束的会议可能与更广泛的道德问题有关，使该行为的进步停滞不前。

The pressing need for legislation is evident, especially with the rapid integration of digital currencies into daily commerce. The GENIUS Act promised to simplify how stablecoins—cryptocurrencies pegged to stable assets like the U.S. dollar—are managed, cutting through the complexity often associated with cryptocurrency regulation.

对立法的迫切需求显而易见，尤其是将数字货币迅速整合到日常贸易中。 《天才法案》承诺简化稳定的稳定性（固定在稳定的资产（如美元）之类的稳定资产）中如何进行管理，从而削减了通常与加密货币调节有关的复杂性。

However, despite bipartisan support and recognition of the urgency, the act's fate was sealed as senators ultimately decided against it. This leaves the U.S. lagging behind other nations in an increasingly crucial domain of the global economy.

但是，尽管两党的支持和对紧迫性的认可，但随着参议员最终决定反对这一行为，该法案的命运被封印了。这使美国在全球经济的日益关键领域中落后于其他国家。

The rejection also comes amid a flurry of activity in the crypto sphere, including Trump’s own forays into memecoins.

拒绝还出现在加密货币领域的一系列活动中，包括特朗普自己进入Memecoins。

One such coin, named after Trump and featuring his image, quickly amassed a following and had a significant portion of its tokens sold in the first 24 hours following its launch earlier this year. The coin's fortunes soared, and it is estimated to have raised over $100 million in trading fees during its peak.

这样的硬币以特朗普的名字命名并以他的形象命名，迅速积累了追随者，并在今年早些时候推出后的前24小时内出售了其代币的很大一部分。硬币的命运飙升，据估计在其高峰期筹集了超过1亿美元的交易费用。

But as Trump's coins rose and fell, so too did the hopes of those pushing for the GENIUS Act. With accusations of the former president's influence in crypto circles swirling behind the scenes of Congress, critics decried what they saw as corruption in broad daylight.

但是，随着特朗普的硬币升起而倒下，那些推动天才行为的人也是如此。批评者指控前总统对加密货币界的影响在国会幕后旋转，批评者谴责了他们在宽广的日光中认为的腐败。

The intertwining of business exploits and political roles threatens to leave America in the rearview mirror as the digital economy races forward.

随着数字经济的向前发展，商业发展和政治角色的交织可能会将美国留在后视镜中。

But there is still hope, and the GENIUS Act remains a beacon of order amidst the chaos—a regulatory north star that experts say is needed to simplify how stablecoins are managed, if only political entanglements could be unraveled.

但是仍然有希望，而《天才法案》仍然是混乱中的秩序灯塔，这是专家说的监管北极星，以简化稳定的方式，如果只能揭开政治纠缠。

The DEFI (Decentralized Finance) industry stands at a critical juncture as the Senate's rejection of the GENIUS Act marks a setback for those advocating for the integration of cryptocurrencies into the U.S. financial system.

由于参议院对《天才法案》的拒绝标志着那些主张将加密货币整合到美国金融体系的人来说，Defi（分散财务）行业处于关键关键时刻。

The rejection occurred as senators returned to their home states and the session drew to a close, leaving little time for a follow-up vote.

当参议员返回其本州，会议结束时，拒绝发生了，几乎没有时间进行后续投票。

The act, which aimed to create a framework for regulating stablecoins, was met with bipartisan support and recognition of the urgency considering other nations' progress in the domain.

该法案旨在创建一个用于调节稳定的框架的框架，考虑到其他国家在该领域中的进步，两党的支持和对紧迫性的认可。

However, despite this support, the senators ultimately decided against the act, leaving the U.S. lagging behind in an increasingly crucial part of the global economy.

但是，尽管有这样的支持，但参议员最终决定反对这一行为，使美国在全球经济的日益关键部分中落后。

The rejection also comes amid a flurry of activity in the crypto sphere, including former President Donald Trump’s involvement in memecoins.

在加密货币领域的一系列活动中，拒绝也出现了，包括前总统唐纳德·特朗普（Donald Trump）参与成员。

One such coin, named after Trump and featuring his image, quickly amassed a following and had a significant portion of its tokens sold in the first 24 hours following its launch earlier this year. The coin's fortunes soared, and it is estimated to have raised over $100 million in trading fees during its peak.

这样的硬币以特朗普的名字命名并以他的形象命名，迅速积累了追随者，并在今年早些时候推出后的前24小时内出售了其代币的很大一部分。硬币的命运飙升，据估计在其高峰期筹集了超过1亿美元的交易费用。

But as Trump's coins rose and fell, so too did the hopes of those pushing for the GENIUS Act. With accusations of the former president's influence in crypto circles swirling behind the scenes of Congress, critics slammed what they saw as corruption in broad daylight.

但是，随着特朗普的硬币升起而倒下，那些推动天才行为的人也是如此。批评家指控前总统对加密货币界的影响力在国会幕后旋转，批评者抨击了他们在广阔的日光中所认为的腐败。

The DEFI industry stands at a critical juncture as the Senate's rejection of the GENIUS Act marks a setback for those advocating for the integration of cryptocurrencies into the U.S. financial system.

由于参议院对《天才法》的拒绝标志着那些主张将加密货币整合到美国金融体系的人的挫折标志着，Defi行业处于关键关键时刻。

The rejection occurred as senators returned to their home states and the session drew to a close, leaving little time for a follow-up vote.

当参议员返回其本州，会议结束时，拒绝发生了，几乎没有时间进行后续投票。

The act, which aimed to create a framework for regulating stablecoins, was met with bipartisan support and recognition of the urgency considering other nations' progress in the domain.

该法案旨在创建一个用于调节稳定的框架的框架，考虑到其他国家在该领域中的进步，两党的支持和对紧迫性的认可。

However, despite this support, the senators ultimately decided against the act, leaving the U.S. lagging behind in an increasingly crucial part of the global economy.

但是，尽管有这样的支持，但参议员最终决定反对这一行为，使美国在全球经济的日益关键部分中落后。

The rejection also comes amid a flurry of activity in the crypto sphere, including former President Donald Trump’s involvement in memecoins.

在加密货币领域的一系列活动中，拒绝也出现了，包括前总统唐纳德·特朗普（Donald Trump）参与成员。

One such coin, named after Trump and featuring his image, quickly amassed a following and had a significant portion of its tokens sold in the first 24 hours following its launch earlier this year. The coin's fortunes soared, and it is estimated to have raised over $100 million in trading

这样的硬币以特朗普的名字命名并以他的形象命名，迅速积累了追随者，并在今年早些时候推出后的前24小时内出售了其代币的很大一部分。硬币的命运飙升，据估计已筹集了超过1亿美元的交易