在九名参议院民主党人反对斯塔布雷因（Stablecoin）之后，《天才法案》可能面临可能的灭亡。

该组织由几位最初支持该法案的参议员组成，对基本部分表示担忧。

The fate of the GENIUS Act, a bipartisan bill aiming to establish a legal framework for stablecoins in the U.S., hangs in the balance as nine Senate Democrats have voiced their dissent towards the legislation, rendering its passage bleak.

《天才法》的命运是一项旨在在美国建立法律框架的两党法案，悬而未决，持续了平衡，因为九个参议院民主党人对立法表示了反对，使其通过了惨淡。

Among the Democrats who penned the opposition letter are Senators Ruben Gallego, Mark Warner, Andy Kim, and Lisa Blunt Rochester, several of whom had previously expressed support for the bill. Their stance shifts the focus to pressing issues such as anti-money laundering (AML), national security, and financial system stability.

参议员鲁本·加勒戈（Ruben Gallego），马克·华纳（Mark Warner），安迪·金（Andy Kim）和丽莎·布朗特·罗切斯特（Lisa Blunt Rochester）的民主党人包括参议员鲁本·加勒戈（Ruben Gallego），其中一些以前曾表示对该法案的支持。他们的立场将重点转移到诸如反洗钱（AML），国家安全和金融体系稳定等紧迫问题上。

"While we broadly agree with the goal of enacting legislation this session to regulate stablecoins, we feel strongly that the current version of the bill does not go far enough to address several critical issues," the Democrats stated in their letter to colleagues.

民主党在给同事的信中说：“尽管我们广泛地同意在本届会议上制定立法来规范稳定币的目标，但我们强烈认为该法案的当前版本还不足以解决几个关键问题。”

The senators highlighted the need for more robust provisions to safeguard national security and prevent financial system risks, especially with foreign issuers. They also voiced concerns over the lack of sufficient AML measures in the bill.

参议员强调了需要更强大的规定来保护国家安全并防止金融体系的风险，尤其是在外国发行人的风险中。他们还对法案中缺乏足够的AML措施表示担忧。

"We must ensure that any stablecoin legislation takes into account the full scope of national security implications and protects our financial system from instability," the senators asserted.

参议员断言：“我们必须确保任何稳定立法都考虑到国家安全影响的全部范围，并保护我们的金融体系免受不稳定的侵害。”

The House bill, which is currently stalled in the Senate, would require stablecoin issuers to maintain full reserves for their tokens and undergo regular audits. Issuers with a market capitalization exceeding $50 billion would be subject to monthly disclosures and annual audits.

目前在参议院停滞不前的众议院法案将要求Stablecoin发行人维护其令牌的全部储备并进行定期审计。市值超过500亿美元的发行人将受到每月披露和年度审计的约束。

However, the group of Democrats argued that the bill does not fully address concerns about the stability of the U.S. financial system, especially regarding foreign issuers. They believe that the legislation should factor in the potential risks posed by foreign actors and institutions engaging in stablecoin issuance.

但是，民主党人辩称，该法案并未完全解决对美国金融体系稳定的担忧，尤其是对外国发行人的关注。他们认为，立法应考虑外国参与者和从事稳定发行的机构带来的潜在风险。

The Democrats' statement puts a majority vote for the bill in jeopardy, posing significant challenges for the legislation.

民主党的声明在危险中对该法案进行了多数投票，对立法提出了重大挑战。

"The threat posed by foreign adversaries through technology, specifically in the realm of digital assets, is a pressing concern that we must address without delay," said Senator Kim, emphasizing the urgency of considering national security implications.

“外国对手通过技术构成的威胁，特别是在数字资产领域，这是一个紧迫的关注，我们必须毫不拖延地解决。”

The bill faces an uphill battle as it needs to secure at least 60 votes to pass due to potential Republican dissent.

该法案面临着一场艰苦的战斗，因为由于潜在的共和党异议，需要至少获得60票才能通过。

The GENIUS Act, which stands for "Global and Inclusive Stablecoins, Used in Trust and Unburdened Systems”, is a bipartisan measure that aims to regulate stablecoins in the U.S. It has secured support from Senators Bill Hagerty, R-Tenn., and Gary Schumer, D-N.Y., and its passage is crucial for the future of digital assets in the country.

《天才法案》代表“用于信任和不承担的系统中的全球和包容性稳定的稳定者”，是一项两党措施，旨在调节美国的稳定菌，它得到了参议员Bill Hagerty，R-Tenn。和DN.Y. Gary Schumer和DN.Y.的Gary Schumer的支持。

Hagerty, a Republican senator, expressed confidence in securing bipartisan support for the bill, highlighting the importance of a unified U.S. approach to digital assets on a global scale.

共和党参议员哈格蒂（Hagerty）表示有信心确保两党对该法案的支持，并强调了统一的美国在全球范围内对数字资产的重要性。

"We're seeing a bipartisan consensus emerge in the Senate to complete this critical step in strengthening America's leadership in the emerging digital asset space," said Senator Hagerty.

参议员哈格蒂参议员说：“我们看到参议院的两党共识达到了这一关键一步，以加强美国在新兴的数字资产领域的领导地位。”

The bill's passage is being closely watched by the crypto industry and broader financial institutions as it will determine the legal landscape for stablecoins in the U.S. Congress is facing pressure to quickly establish clear and fair regulations for digital assets as the market continues to grow and innovate.

该法案的通过密切关注加密货币行业和更广泛的金融机构，因为随着市场的持续增长和创新，美国国会的Stablecoins的法律景观正面临着迅速为数字资产建立明确而公平的规定的压力。

The bill’s passage will also depend on the involvement of other Democrats, such as Kirsten Gillibrand and Angela Alsobrooks, who are yet to sign the letter but could be persuaded to shift their stance.

该法案的通过还将取决于其他民主党人的参与，例如柯斯滕·吉利布兰德（Kirsten Gillibrand）和安吉拉·阿尔索布鲁克（Angela Alsobrooks），他们尚未签署这封信，但可以说服自己的立场。

Hagerty believes that advancing and enacting the bill will be essential to protect the stability of the U.S. dollar and ensure U.S. dominance in digital asset regulations.

Hagerty认为，促进和制定该法案对于保护美元的稳定性并确保我们在数字资产法规中的主导地位至关重要。

"This bipartisan legislation will help to prevent a rapid devaluation of the dollar and ensure that the U.S. remains the world's preeminent financial power," he concluded.

他总结说：“这项两党的立法将有助于防止美元迅速贬值，并确保美国仍然是世界上杰出的金融权力。”

The setback for the GENIUS Act comes amid increased public interest in President Trump's family ties to the crypto sector.

《天才法案》的挫折是在公众对特朗普总统与加密货币部门的家庭联系的越来越高的兴趣之中。

The attention on the Trump family's stablecoins and digital asset ventures could influence the political perspectives of the bill's supporters as they strive to balance consumer protection and innovation in the emerging digital asset landscape.

当特朗普家族的稳定币和数字资产合资企业的关注可能会影响该法案支持者的政治观点，因为他们努力在新兴的数字资产环境中平衡消费者的保护和创新。

House Democrats are also pushing for stricter regulations to shield consumers and prevent potential conflicts of interest. They aim to introduce amendments to the bill that would enhance consumer protections and prevent any perceptions of favoritism towards specific institutions or individuals.

众议院民主党人还在推动更严格的法规来掩盖消费者并防止潜在的利益冲突。他们旨在对法案进行修正，以增强消费者的保护并防止对特定机构或个人的偏爱。

The GENIUS Act and similar legislation submitted to the House aim to regulate stablecoins used by large technology companies and hedge funds, presenting a new chapter in the U.S.'s approach to digital assets.

《天才法案》和类似的立法提交给房屋的目标，旨在规范大型技术公司和对冲基金使用的稳定币，并在美国的数字资产方法中提出了新篇章。

Congress is facing pressure to quickly establish clear and fair regulations for digital assets as the market continues to grow. The outcome of the proposed legislation could transform the future of the U.S. crypto market and its regulatory framework.

国会正面临迅速建立明确而公平的数字资产法规的压力，随着市场的不断增长。拟议立法的结果可能会改变美国加密货币市场的未来及其监管框架。