发生了戏剧性的事件，可能会延迟最重要的数字资产账单之一

这种逆转就在参议院准备对该措施投票的几天前，对法案的命运产生了不确定性。

A dramatic turn of events took place that may delay one of the most important digital asset bills in recent memory. A coalition of nine Senate Democrats has announced their disagreement with the current version of the Republican-led stablecoin bill. This reversal comes just days before the Senate is set to vote on the measure, casting uncertainty over the bill’s fate.

发生了戏剧性的事件，可能会延迟最近记忆中最重要的数字资产账单之一。一个由九个参议院民主党人组成的联盟宣布与当前由共和党领导的斯塔布尔币法案的分歧。这种逆转就在参议院准备对该措施投票的几天前，对法案的命运产生了不确定性。

This has resulted in a shaken-up political scenario and U.S. crypto regulations.

这导致了震撼的政治情况和美国加密法规。

🚨 JUST IN: 9 Senate Dems (6 of whom are members of Senate Banking Cmte.) signal new opposition to the GENIUS Act (Senate stablecoin bill).

🚨仅在：9名参议院Dem（其中6名参议院银行CMTE的成员）表示对《天才法》（参议院Stablecoin法案）的新反对。

The group says they are “unable to vote for cloture should the current version of the bill come to the floor.”https://t.co/u7z453L72p

该小组说，他们“如果本法案的当前版本出现在地板上，他们将无法投票。” https://t.co/u7z453l72p

— Ben White (@BenSWhite7) May 3, 2025

- 本·怀特（Ben White）（@benswhite7）2025年5月3日

This disagreement took place on May 3, 2025, where the bill was spearheaded by Senator Bill Hagerty. He aims to create the first-ever regulatory framework for stablecoins. Stablecoins are digital currencies that are tied to fiat currencies like the U.S. dollar.

这种分歧发生在2025年5月3日，该法案由参议员比尔·哈格蒂（Bill Hagerty）率领。他的目标是为Stablecoins创建有史以来的第一个监管框架。 Stablecoins是与美元等法定货币相关的数字货币。

While the legislation cleared the Senate Banking Committee in March with some bipartisan backing. Recent statements from Democrats suggest that earlier support has now crumbled. If the bill is not revised significantly.

法律在三月份以两党支持的情况下清除了参议院银行委员会。民主党人的最新声明表明，较早的支持现在已经崩溃了。如果法案未进行大量修订。

Democratic Support Wavers

民主支持摇动

This opposition to the Senate stablecoin bill was led by Sen.Ruben Gallego, who has previously voted for the bill during committee deliberations. It was co-signed by 8 other Senate Democrats: Mark Warner. Lisa Blunt Rochester, Andy Kim, Raphael Warnock, Catherine Cortez Masto, Ben Ray Lujan, John Hickenlooper, and Adam Schiff. Among these nine, four of them have initially supported the bill during its early stages.

对参议院稳定法案的反对是由参议员加勒戈（Ruben Gallego）领导的，后者此前曾在委员会审议期间投票赞成该法案。它由其他8名参议院民主党人共同签名：马克·华纳（Mark Warner）。 Lisa Blunt Rochester，Andy Kim，Raphael Warnock，Catherine Cortez Masto，Ben Ray Lujan，John Hickenlooper和Adam Schiff。在这九个中，其中四个最初在其早期阶段支持该法案。

Notably, 4 of the signatories (Sens. Rochester, Warner, Kim, and Gallego) previously voted to advance the bill through the Senate Banking Committee in March, but now say they won’t support the bill on the floor without changes.

值得注意的是，有4个签署国（罗切斯特，华纳，金和加勒戈）以前在3月通过参议院银行委员会投票通过了该法案，但现在说他们不会在没有更改的情况下支持地板上的法案。

Their collective message gave a clear indication that they would not be able to vote for cloture unless the bill underwent a major revision and changes. This statement alone could derail the legislation, which requires at least 60 votes in the Senate to overcome a tactical delay.

他们的集体信息清楚地表明，除非法案进行了重大修订和变更，否则他们将无法投票赞成Cloture。仅此声明就可能使立法使参议院至少有60票克服战术延误。

With only slim Republican margins and increasing Democratic hesitation. Reaching that threshold has suddenly become more complex.

只有苗条的共和党边缘和民主党的犹豫越来越大。达到这个阈值突然变得更加复杂。

Key Issues Raised

提出了关键问题

The senators highlighted the need for more robust safeguards in the bill. Their concerns include insufficient anti-money laundering provisions. A lack of strong oversight over foreign stablecoin issuers and the absence of strict enforcement. They also highlighted concerns related to broader national security and the importance of ensuring accountability among stablecoin operators.

参议员强调了在该法案中需要更强大的保障措施。他们的担忧包括不足的反洗钱规定。对外国稳定发行人缺乏强烈的监督，缺乏严格的执法。他们还强调了与更广泛的国家安全有关的关注点以及确保稳定运营商问责制的重要性。

They mentioned that there is a need for stronger protections. And they cannot pass and support the bill that leaves the financial system vulnerable. The legislators stressed that they remain open to compromise, noting that they are eager to continue working with colleagues to address the outlined shortcomings.

他们提到需要更强大的保护。他们无法通过和支持使金融体系脆弱的法案。立法者强调，他们仍然愿意妥协，并指出他们渴望继续与同事合作解决概述的缺点。

Trump Family’s Crypto Links Add Pressure

特朗普家族的加密链接增加了压力

The U.S. crypto regulation atmosphere surrounding digital assets has grown more charged in recent months. Particularly as a member of the Trump family depends on their involvement in the crypto industry. A new stablecoin venture backed by the former president’s son has raised alarms among Democrats. Those who fear potential conflicts of interest and political bias.

近几个月来，围绕数字资产的美国加密监管氛围越来越多。特别是作为特朗普家族的成员，他们依靠他们参与加密行业。由前总统儿子支持的一项新的Stablecoin企业在民主党中引起了警报。那些担心潜在的利益冲突和政治偏见的人。

While the Republic lawmakers hoped that the recent amendment to the bill was introduced specifically to address the Democratic concerns. These concerns would smooth the path for bipartisan approval; the latest opposition suggests those efforts fall short. Instead, the Democrats now appear poised to use their leverage to extract further concessions.

尽管共和国议员希望最近对该法案进行了修正，以解决民主问题。这些担忧将使两党认可的道路顺利进行；最新的反对派表明这些努力不足。相反，民主党现在似乎准备利用自己的杠杆来提取进一步的让步。

Notable Absences and GOP Response

值得注意的缺席和共和党反应

Interestingly, two of the Democratic senators who are co-sponsoring the bill, Kirsten Gillibrand and Angela Alsobrooks, did not sign the opposition statement. Their continued support may provide a potential path forward if a new amendment is introduced that can rebuild a bipartisan coalition.

有趣的是，共同赞助该法案的两名民主党参议员Kirsten Gillibrand和Angela Alsobrooks没有签署反对派声明。如果引入了可以重建两党联盟的新修正案，他们的持续支持可能会提供潜在的途径。

In response, Sen. Hagerty defended the bill and stated its broader vision. “We must advance legislation that enshrines American leadership in the digital asset space and protects the US dollar for centuries to come,” Hagerty said. “That time is now.”

作为回应，参议员哈格蒂捍卫了该法案，并陈述了其更广泛的愿景。 Hagerty说：“我们必须提出立法，以使美国在数字资产领域领导，并在未来几个世纪中保护美元。” “那个时候了。”

Overall, the next procedural vote on the bill could come as early as next week. Whether Democrats and Republicans can strike a new deal may determine the immediate future of the stablecoin bill and U.S. crypto regulation.

总体而言，下一次对该法案的程序投票可能最早在下周进行。民主党人和共和党人是否可以达成一项新协议可以决定Stablecoin法案和美国加密货币监管的近期未来。