尽管两党起步，但民主党人现在对潜在的利益冲突表示关注

近几个月来，加密货币已经主导了头条新闻，如今，随着历史悠久的《天才法》（Genius Act）进行地板投票，所有人都注视着美国参议院。

Cryptocurrency has dominated headlines in recent months, and today, all eyes are on the U.S. Senate as the historic GENIUS Act heads to a floor vote. As the crypto community watches closely, the outcome of today’s vote could have massive implications for the future of digital asset regulation in the U.S.

近几个月来，加密货币已经主导了头条新闻，如今，随着历史悠久的《天才法》（Genius Act）进行地板投票，所有人都注视着美国参议院。正如加密社区密切关注的那样，当今投票的结果可能会对美国的数字资产监管的未来产生巨大影响

Despite being a bipartisan bill initially, Democrats are increasingly expressing concerns over potential conflicts of interest, particularly involving former President Donald Trump’s ties to the stablecoin USD1. The Trump-backed stablecoin is now the 5th-largest stablecoin in the world.

尽管最初是两党法案，但民主党人越来越表达对潜在利益冲突的担忧，特别是涉及前总统唐纳德·特朗普与Stablecoin USD1的联系。由特朗普支持的Stablecoin现在是世界上第五大稳定币。

According to CoinMarketCap data, USD1 now claims a $2.12 billion market cap, which places it ahead of PayPal’s PYUSD and Tether Gold. The ranking has a caveat: if DAI, USDS, and sUSDS are treated as separate tokens, then USD1 claims the seventh spot globally. These tokens are technically distinct even though they share the same collateral mechanism.

根据CoinMarketCap数据，USD1现在声称具有21.2亿美元的市值，这使其领先于PayPal的Pyusd和Tether Gold。排名有一个警告：如果DAI，USD和SUSD被视为单独的令牌，则USD1在全球范围内宣称这是第七名。这些令牌在技术上是不同的，即使它们具有相同的附带机制。

A $2B Deal and the Trump Connection

$ 2B的交易和特朗普的连接

Trump family-owned World Liberty Financial’s stablecoin USD1 was launched in March 2025. It rapidly grew in value thanks to a $2 billion investment from Abu Dhabi’s MGX. The funds were used to facilitate a deal with Binance, triggering waves of speculation and political fallout.

特朗普家族拥有的世界自由金融公司的Stablecoin USD1于2025年3月推出。由于阿布扎比的MGX投资了20亿美元，它的价值迅速增长。这些资金被用来促进与义务的协议，引发了猜测和政治后果的浪潮。

The fact that nearly all of USD1’s issuance is on BNB Chain has only added to the buzz surrounding its explosive growth. It took just weeks for USD1 to jump from $128 million to over $2.1billion in market cap, making it the 5th largest stablecoin at the time of writing.

几乎所有USD1发行都在BNB链上的事实仅增加了其爆炸性增长的嗡嗡声。仅需几个星期，即可花1周的时间从1.28亿美元增加到超过21亿美元的市值，这使其成为撰写本文时的第五大稳态。

GENIUS Act Vote Under Fire

天才法案在大火中投票

The sudden rise of Trump’s stablecoin couldn’t come at a more controversial time. The U.S. Senate is preparing for a crucial vote on the GENIUS Act—a landmark bill designed to regulate stablecoins.

特朗普的稳定蛋白的突然兴起在一个更具争议的时刻不可能出现。美国参议院正在准备对《天才法案》（Genius Act）进行至关重要的投票，这是一项旨在规范stablecoins的具有里程碑意义的法案。

Initially welcomed across party lines, the bill now faces fresh Democratic resistance. Critics argue that USD1’s ties to a Trump-backed project and UAE-linked capital could open floodgates to political profiteering.

该法案最初受到跨党派的欢迎，现在面临着新的民主抵抗。批评者认为，USD1与特朗普支持的项目和阿联酋有联系的资本的联系可能打开闸门，以实现政治暴力。

In fact, referencing the USD1 deal Senator Elizabeth Warren warned:

实际上，参考USD1交易参议员伊丽莎白·沃伦（Elizabeth Warren）警告：

“The Senate shouldn’t pass a crypto bill this week to facilitate this kind of corruption,”

“参议院本周不应该通过加密货币法案来促进这种腐败。”

The GENIUS Act proposes reserve rules, licensing, and compliance mandates. But with Trump’s stablecoin in the spotlight, some lawmakers say it also opens the door for political profiteering.

《天才法》提出了储备金，许可和合规性规定。但是，随着特朗普的稳定冠军的关注，一些议员们说，这也为政治暴力打开了大门。

What’s Next for Trump’s Stablecoin?

特朗普的稳定币的下一步是什么？

The Senate vote is heading to the floor today, and all eyes are on Capitol Hill. The result of the vote could create a regulatory path for stablecoins in the U.S. Additionally, it will also determine if Trump’s stablecoin ends up cementing its position or getting sidelined by legislation.

参议院的投票今天正向地板投票，所有人的目光都集中在国会山上。投票的结果可能会在美国为稳定币的监管途径创造一条监管途径，还将确定特朗普的斯塔布莱辛是否最终巩固了其立场或因立法而被束缚。

If USD1 continues gaining momentum on BNB Chain, it could become a fixture in both markets and politics. That is, if it avoids any legal hurdles!

如果USD1继续在BNB链上获得动力，那么它可能会成为市场和政治的固定装置。也就是说，如果它避免了任何法律障碍！