民主党人屈服，参议院即将通过《天才法》，这是一项广泛的加密货币法

在华盛顿特区的行业游说泛滥和民主党的投降中，参议院正在设定通过《天才法案》，这是一项席卷笼统的加密货币法，可能会传播欺诈行为

Amid a flood of industry lobbying in Washington, DC, and Democrats’ capitulation, the Senate is set to pass the GENIUS Act, a sweeping cryptocurrency law that could spread fraud-ridden, destabilizing digital currencies across the banking system. But lawmakers and consumer protection experts warn that the bill has an even more serious problem: it would allow Elon Musk and other Big Tech tycoons to issue their own private currencies.

在华盛顿特区的行业游说泛滥和民主党的投降中，参议院将通过《天才法案》，这是一项席卷的一项广泛的加密货币法，可能会在整个银行体​​系中传播欺诈，破坏欺诈，破坏稳定的数字货币。但是，立法者和消费者保护专家警告说，该法案有一个更严重的问题：这将使埃隆·马斯克（Elon Musk）和其他大型技术大亨能够发行自己的私人货币。

That means we could soon live in a world where all online transactions will require us to pay for goods in billionaires' own made-up monopoly money, for which tech giants will be able to charge exorbitant transaction fees.

这意味着我们很快就会生活在一个世界上所有在线交易都将要求我们在亿万富翁自己的虚构垄断货币中支付商品的世界，而科技巨头将能够收取高昂的交易费用。

This scenario isn't just a pipe dream. It's a long-running project by tech platforms to control payment networks. In the past few weeks, Meta began laying the groundwork once again to launch its own cryptocurrency.

这种情况不仅是一个梦想。这是技术平台控制支付网络的长期项目。在过去的几周中，梅塔（Meta）开始再次为自己的加密货币奠定基础。

What's more, thanks to a bipartisan "compromise" that convinced Democratic holdouts to support the legislation, the latest version of the bill could stop the government's top financial and tech regulator from overseeing any of these potential tech currencies.

更重要的是，得益于两党的“妥协”，说服了民主党人支持立法，该法案的最新版本可以阻止政府的顶级金融和技术监管机构监督这些潜在的技术货币中的任何一种。

The GENIUS Act, which stands for Guiding and Establishing National Innovation for US Stablecoins, was designed to create light-touch regulations for stablecoins, a more commonly used form of crypto token that is often pegged to the US dollar in an equivalent value (one stablecoin is redeemable to one dollar).

《天才法案》代表为美国稳定的指导和建立国家创新，旨在为stablecoins创建轻触式法规，这是一种更常用的加密代币形式，通常以同等的价值将美元挂钩（一个stablecoin可以兑换为一个dollar）。

If it becomes law, any banking or even nonbanking enterprise could get a license to deal stablecoins with minimal oversight. This could riddle the entire financial system with volatility and make illicit activity like fraud and terrorism undetectable while providing major new markets to the companies issuing the cryptocurrencies. The El Salvador–based firm Tether is currently the largest trading platform for these currencies and has faced numerous US lawsuits for fraud.

如果成为法律，则任何银行业甚至非银行企业都可能获得许可，以最少的监督来处理稳定的企业。这可能会带有波动性的整个金融体系，并使诸如欺诈和恐怖主义之类的非法活动在为发行加密货币的公司提供主要的新市场。总部位于萨尔瓦多的公司Tether目前是这些货币的最大交易平台，并且面临着许多美国欺诈诉讼。

After some crypto-friendly Democrats temporarily backed away from their support for the bill earlier this month, Republicans came to the bargaining table and made what appeared to be some modest concessions to temper Democrats' concerns about Trump's corrupt use of crypto for personal gain. But a legal analysis from the Democratic staff on the Banking Committee just blasted this new version of the bill for allowing Big Tech to create its own currencies, among a litany of other problems.

在本月初暂时退出对法案的支持之后，共和党人来到了讨价还价的桌子上，并使似乎有些适度的让步，以缓解民主党对特朗普对特朗普腐败使用加密货币的担忧。但是，银行委员会民主党工作人员的法律分析刚刚爆炸了该法案的这一新版本，因为它允许大型技术创建自己的货币，以及其他一系列其他问题。

The bill also includes a giant carve-out to ensure Musk's social media platform X, formerly Twitter, would not be covered by even modest restrictions, thereby "gifting the President’s closest Big Tech ally a competitive advantage in creating his own private currency," according to the Banking Committee analysis.

该法案还包括一个巨大的雕刻，以确保Musk的社交媒体平台X（以前为Twitter）甚至不受适度的限制所涵盖，从而“向总统最接近的大型技术盟友赠与创建自己的私人货币具有竞争优势”。

Musk might not be the only one scoring these benefits. The Trump administration could also waive the bill's more stringent requirements for any favored tech company, according to the Senate Banking Committee staff.

马斯克可能不是唯一获得这些好处的人。参议院银行委员会的工作人员称，特朗普政府还可以放弃该法案对任何受青睐的科技公司的更严格要求。

On top of these carve-outs, a new legal citation slipped into the bill tacitly strips away the authority of the Consumer Financial Protection Bureau (CFPB), a key financial and tech regulator, to oversee the issuance of stablecoins. The CFPB has been probing Meta and other tech companies' payment networks and has taken action to regulate those platforms like banks.

除了这些雕刻外，一项新的法律引文默默地剥夺了一项关键的金融和技术监管机构消费者金融保护局（CFPB）的权力，以监督稳定的发行。 CFPB一直在探测Meta和其他科技公司的支付网络，并已采取行动来规范银行等这些平台。

Despite these concerns, sixteen Democratic senators just voted in favor of moving the updated bill to a floor vote, which all but guarantees its passage through the Senate. Just two Republicans, Senator Rand Paul (R-KY) and Senator Jerry Moran (R-KS), voted against the measure, disfavoring federal intervention to assist crypto and Big Tech.

尽管有这些担忧，但16名民主党参议员刚刚投票赞成将最新的法案转移给地板投票，这几乎保证了其通过参议院的通过。参议员兰德·保罗（R-KY）和参议员杰里·莫兰（R-KS）只有两名共和党人投票反对这项措施，不利于联邦干预以协助加密技术。

According to Democrats on the Senate Banking Committee, their colleagues have now given license to the kind of blatant pay to play that Democrats had claimed to oppose in the original version of the GENIUS Act.

据参议院银行委员会的民主党人称，他们的同事们现在已经获得了这种公然薪水的许可，即民主党在《天才法案》的原始版本中声称反对反对。

The tech giants that stand to benefit from the bill funneled millions of dollars to key swing-seat candidates this past election. Those include vocal crypto allies Ruben Gallego (D-AZ) and Elissa Slotkin (D-MI), who each received $10 million from political action committees funded by cryptocurrency interests. The Protect Progress PAC, the Democratic arm of the crypto lobby's campaign spending operation, spent $33 million on both primary and general election races in 2024.

在过去的选举中，将从该法案中受益的科技巨头将数百万美元汇入了数百万美元。其中包括声乐加密盟友Ruben Gallego（D-AZ）和Elissa Slotkin（D-MI），他们每个人都从加密货币利益资助的政治行动委员会中获得了1000万美元。保护进度PAC是加密游说大厅的竞选开支行动的民主党部门，在2024年在初级和大选比赛中花费了3300万美元。