《天才法案》法案已通过美国参议院的盘点动议

5月20日上午，北京时代，美国参议院以66票赞成和32票反对的是《天才法案》法案的封块。

The U.S. Senate on Friday passed cloture on the GENIUS Act stablecoin bill with 66 votes in favor and 32 votes against.

美国参议院周五以66票赞成和32票反对的是《天才法案法案》中的盘点。

The vote came after the bill unexpectedly failed to get 60 votes needed to advance from a vote on Monday.

在周一的投票中，该法案出乎意料地获得60票之后，投票就进行了。

The cloture motion, which is intended to end debate on an issue and prevent lawmakers from delaying or blocking a bill through filibuster, will now allow the Senate to proceed with the full debate and amendment process on the GENIUS Act.

旨在结束有关问题的辩论并防止立法者通过fillibuster延迟或阻止法案的动议，现在将允许参议院对《天才法》进行完整的辩论和修正案。

Earlier this year, U.S. President Donald Trump said that the administration is expected to introduce a regulatory framework for stablecoins and market institutions by August, when Congress will go into recess.

今年早些时候，美国总统唐纳德·特朗普（Donald Trump）表示，预计该政府将在八月之前针对稳定币和市场机构引入一个监管框架，届时国会将融入理会。

If the bill is eventually passed by Congress and the president, it will be the first federal-level legislation on stablecoins in the United States.

如果该法案最终由国会和总统通过，它将是美国第一项关于Stablecoins的联邦级立法。

The bill, which is officially known as the "Stablecoin Tether, Utility, and Investment into Sagely Evonomy Act," is a bipartisan effort to regulate the issuance and use of stablecoins.

该法案正式被称为“ Stablecoin Tether，公用事业和对Sagely Evonomy Act的投资”，是规范发行和使用StableCoins的两党努力。

Stablecoins are a type of cryptocurrency that is pegged to the value of another asset, such as a fiat currency or commodity. They are used for various purposes, including payments, remittances, and cross-border transactions.

稳定币是一种加密货币，与其他资产（例如法定货币或商品）的价值挂钩。它们用于各种目的，包括付款，汇款和跨境交易。

The GENIUS Act would create a new licensing regime for stablecoin issuers and impose a range of requirements on them, such as maintaining a 1:1 reserve ratio for their stablecoins and complying with anti-money laundering laws.

《天才法案》将为Stablecoin发行人创建新的许可制度，并对他们征收一系列要求，例如维持其稳定股的1：1储备比并遵守反货币洗钱法。

The bill would also subject large technology companies that issue stablecoins to additional regulations, in recognition of the potential risks and impacts of Big Tech involvement in the financial sector.

该法案还将对大型技术公司进行大型技术公司，以承认大型技术参与金融领域的潜在风险和影响。

It is still unclear what impact these new clauses will have on the bill's chances of passage.

目前尚不清楚这些新条款对法案通过的机会有什么影响。

The House of Representatives and the president would still need to approve the bill for it to become law.

众议院和总统仍然需要批准该法案，以使其成为法律。

Generally speaking, when a bill is introduced, it will be assigned to a committee. Committee members will study, discuss and amend the bill. The GENIUS Act proposed by Senator Bill Hagerty was introduced on February 4 this year, and the committee assigned to it is the Banking, Housing and Urban Affairs Committee of the U.S. Senate.

一般而言，当提出法案时，将分配给委员会。委员会成员将研究，讨论和修改该法案。参议员比尔·哈格蒂（Bill Hagerty）提出的《天才法》（Genius Act）于今年2月4日提出，分配给美国参议院的银行，住房和城市事务委员会。

The bill will then go to a vote in the chamber it belongs to. If the bill passes in one chamber of Congress, it will be sent to the other chamber for the same study, discussion, amendment, and voting process.

然后，该法案将在其所属的会议厅进行投票。如果该法案通过国会会议厅通过，则将其发送给另一个会议厅进行同一研究，讨论，修正和投票程序。

Once both chambers have voted to pass the bill, the two sides must reconcile the differences in the two versions. Then, both chambers will vote on the same version of the bill for the final time. If the bill passes, it will be sent to the President of the United States.

一旦两个议会都投票通过了该法案，双方必须调和两个版本中的差异。然后，两个钱伯斯将在最后一次对同一版本的法案进行投票。如果法案通过，它将被发送给美国总统。

Once the president receives a bill, he or she will review it. The president can either approve the bill and sign it into law, or he or she can refuse to approve it, which is called a veto. If the president chooses to veto a bill, in most cases Congress can vote on the veto to overturn the president's decision and make the bill law. However, if the president does not sign a bill while Congress is not in session, the bill is automatically vetoed. This action is called a pocket veto, and Congress cannot override this type of veto.

总统收到账单后，他或她将审查。总统可以批准该法案并将其签署为法律，或者他或她可以拒绝批准该法案，这称为否决权。如果总统选择否决法案，在大多数情况下，国会可以对否决权进行投票，以推翻总统的决定并制定法案法。但是，如果总统在国会不参加会议时不签署法案，则该法案将自动否决。该动作称为袋装否决权，国会不能覆盖这种类型的否决权。

Judging from the current progress of the GENIUS Act, it will take time for the Senate to pass it, because filibusters are allowed to prevent the bill from entering the final vote. This time, the cloture motion requires a three-fifths supermajority (60 votes out of 100 votes). The current seats in the Senate are as follows: Republicans: 53 seats, Democrats: 45 seats, and independents: 2 seats (usually voting with the Democrats). In other words, in this vote, even if all Republican members vote in favor, they must get the support of Democratic members.

从《天才法》的当前进度来看，参议院将需要花费一些时间，因为允许filibususters防止法案进入最终投票。这次，Cloture动议需要五分之三的超级欢乐（100票中有60票）。参议院目前的席位如下：共和党人：53个席位，民主党：45个席位和独立人士：2个席位（通常与民主党投票）。换句话说，在这一投票中，即使所有共和党人都投票支持，他们也必须得到民主党成员的支持。

Now, after the Senate voted to pass the motion to end debate, the GENIUS Act will enter the Senate's full debate and amendment stage, and then will enter the House of Representatives.

现在，在参议院投票通过动议以结束辩论之后，《天才法》将进入参议院的完整辩论和修正阶段，然后进入众议院。

However, legislation in the House of Representatives only needs a simple majority (218 out of 435 votes) to pass. Currently, the House of Representatives is controlled by the Republican majority (220-215), so the GENIUS Act will be relatively easy to pass in the House of Representatives.

但是，众议院的立法只需要简单的多数（435票中的218票）即可通过。目前，众议院由共和党多数（220-215）控制，因此《天才法》将相对容易通过众议院。

If the GENIUS Act is successfully signed into law by the President, it will have a profound impact on the stablecoin market. For example, it will promote industry consolidation, and some small issuers may be forced to exit the market due to their inability to meet reserve requirements. Increased consumer trust is expected to promote the adoption of stablecoins. Strengthening reserve audits and anti-money laundering compliance measures is expected to increase market transparency and attract institutional investors. However, the issuance of stablecoins by non-financial technology companies may be restricted. The new provisions stip

如果总统成功地将《天才法》成功签署为法律，它将对稳定市场产生深远的影响。例如，它将促进行业合并，并且由于无法满足储备要求，因此一些小型发行人可能被迫退出市场。预计消费者信任会增加，将促进稳定剂的采用。预计加强储备审计和反洗钱合规措施将提高市场透明度并吸引机构投资者。但是，非金融技术公司发行稳定的稳定剂可能会受到限制。新规定