美国总统唐纳德·特朗普的加密和人工智能顾问大卫·萨克斯（David Sacks）

说，政府预计，稳定法案将以两党支持来清除参议院。

The US administration is expecting bipartisan support to clear the Senate and pass the stablecoin bill, says David Sacks, President Donald Trump’s top adviser on crypto and artificial intelligence.

唐纳德·萨克斯（David Sacks）表示，美国政府希望两党的支持能够清除参议院，并通过稳定法案。

Speaking to CNBC on May 21, Sacks said the bill could trigger “trillions of dollars” in demand for US Treasurys by unlocking stablecoin growth.

萨克斯（Sacks）在5月21日在CNBC上发表讲话时说，该法案可能会通过解锁Stablecoin增长来触发对美国国债的“数万亿美元”。

“We have every expectation now that it’s going to pass. It’s certainly the hope,” he stated.

他说：“我们现在有一个期望。这当然是希望。”

The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act is the most advanced federal effort yet to establish a legal framework for dollar-pegged digital assets.

指导和建立为美国Stablecoins（GENIUS）法案（Genius Act）的指导和建立是最先进的联邦努力，尚未建立美元的数字资产法律框架。

But it faces an uncertain future after a key procedural vote saw 15 Democrats join Republicans to clear the filibuster threshold.

但是，在一项关键的程序投票使15名民主党人加入共和党人以清除filibuster门槛之后，它面临着不确定的未来。

“It’s a bipartisan vote in the Senate to move forward with the stablecoin legislation, setting up a final vote in the coming weeks,” Sacks noted.

萨克斯指出：“参议院的两党投票是继续进行稳定的立法，在接下来的几周内进行了最后一票。”

The administration is expecting the bill to clear the Senate with bipartisan backing.

政府预计该法案将通过两党支持清除参议院。

“We have every expectation now that it’s going to pass, and certainly it’s the hope. I think it’s good for the country and good for the economy.”

“我们现在有一个期望，它将过去，当然是希望。我认为这对国家有益，对经济有益。”

The bill could trigger “trillions of dollars” in demand for US Treasurys by unlocking stablecoin growth.

该法案可能会通过解锁Stablecoin增长来触发对美国国债的“数万亿美元”。

“If you look at the numbers, we already have over $200 billion in stablecoins — it’s just that they’re largely unregulated. So if we provide that legal clarity and certainty, I think we’ll create enormous demand for Treasurys practically overnight.”

“如果您查看这些数字，我们已经有超过2000亿美元的Stablecoins - 只是它们在很大程度上不受监管。因此，如果我们提供了法律上的清晰度和确定性，我认为我们几乎会在一夜之间对财务库产生巨大的需求。”

Stablecoin bill faces backlash over Trump family ties

Stablecoin法案面临对特朗普家庭关系的反对

The stablecoin bill’s progress comes despite controversy surrounding the Trump family’s crypto dealings.

尽管围绕特朗普家族的加密货币交易的争议，但稳定的比尔的进步仍在。

Critics have raised concerns that the administration benefits from the legislation, given its ties to World Liberty Financial, a crypto firm backed by Trump family members.

批评者提出了对政府从立法中受益的担忧，鉴于其与世界自由金融公司的联系，这是由特朗普家族成员支持的加密货币公司。

The firm recently launched a stablecoin, USD1, which is backed by US Treasurys and dollar deposits and has received a $2 billion investment commitment from Abu Dhabi’s MGX fund via Binance.

该公司最近推出了一家稳定的USD1，该公司由美国财政部和美元存款提供支持，并通过二钱从阿布扎比的MGX基金获得了20亿美元的投资承诺。

Sacks, who disclosed the sale of $200 million in crypto-related holdings before joining the White House, declined to comment on whether the president or his family may financially gain from the bill’s passage.

萨克斯（Sacks）在加入白宫之前透露了出售2亿美元与加密货币相关的股份，他拒绝评论总统或其家人是否可以从该法案的通过中获得财务收益。

He added that the legislation is not focused on a specific company or product, despite rumors to the contrary.

他补充说，尽管有相反的谣言，但该立法并未集中在特定的公司或产品上。

“This is really focused on US economic leadership in the global financial system,” he emphasized.

他强调：“这确实集中在全球金融体系中的美国经济领导力上。”

Despite momentum, final passage is not guaranteed. Senator Josh Hawley has added a controversial provision to the bill that would cap credit card late fees.

尽管动力，但并不能保证最终通道。参议员乔什·霍利（Josh Hawley）已在该法案中增加了有争议的规定，该规定将使信用卡延迟费用。

This move could scuttle the legislation by merging it with a measure to slash the CARD Act’s protections for consumers and, ultimately, bankroll the government through inflation.

这一举动可以通过将立法与削减《卡法案》对消费者的保护以及最终通过通货膨胀进行资金的措施合并来破坏立法。

The move could also lose the bill support from financial industry allies, rolling up several measures to jam through an omnibus spending bill.

此举还可能失去金融业盟友的法案支持，通过综合支出法案提出了几项措施。

Banks panicking over yield-bearing stablecoins

银行惊慌失措

In a May 21 post titled “The Empire Lobbies Back,” New York University professor Austin Campbell said the US banking industry is “panicking” over the rise of yield-bearing stablecoins.

纽约大学教授奥斯汀·坎贝尔（Austin Campbell）在5月21日的题为“帝国游说返回”的帖子中说，美国银行业对承担屈服的稳定者的兴起感到“恐慌”。

According to Campbell, the banking lobby is applying pressure on lawmakers to defend their interests and block competition from interest-paying stablecoins.

据坎贝尔称，银行大厅正在向立法者施加压力，要求其捍卫自己的利益，并阻止竞争不受利益支付股份。

He explained that banks rely on fractional reserve practices to profit while offering low returns to depositors.

他解释说，银行依靠分数储备惯例来获利，同时向存款人提供较低的回报。

However, stablecoins threaten this model by providing both interest to users and complete capital backing for the tokens.

但是，Stablecoins通过向用户提供兴趣并为代币提供完整的资本支持来威胁该模型。

“The banks fear that if this new technology is fully realized, it could expose and disrupt the existing system,” he stated.

他说：“银行担心，如果这项新技术已经完全实现，它可能会暴露并破坏现有系统。”

As reported by Cointelegraph, the US Securities and Exchange Commission in February approved the first yield-bearing stablecoin security by Figure Markets.

正如CoIntelegraph报道的，美国证券交易委员会在2月份批准了第一个按照人物市场的承重稳定安全性。

According to a May 21 report by Pendle, yield-bearing stablecoins have soared to $11 billion in circulation since January 2024, representing 4.5% of the total stablecoin market.

根据彭德尔（Pendle）5月21日的报告，自2024年1月以来，承担屈服的稳定率已经飙升至110亿美元，占稳定市场总市场的4.5％。