随着另一种大考试的另一种大型考验

一项关键的加密法案已在参议院民主党人中开辟了裂痕，因为另一种大型测试方法是为了监管Stablecoin发行人的生存能力。丹尼尔·库恩（Daniel Kuhn）。

A key crypto bill has opened a rift among Senate Democrats as another big test approaches for the viability of legislation to regulate stablecoin issuers. Most expect the bill to clear a significant procedural vote on Monday night, but Democrats are split.

一项关键的加密法案已在参议院民主党人中开辟了裂痕，因为另一种大型测试方法是为了监管Stablecoin发行人的生存能力。大多数人预计该法案将在周一晚上清除大量的程序投票，但民主党人被分解。

The Senate's most prominent crypto critic, Massachusetts Democrat Elizabeth Warren, is leading a faction trying to dig in their heels on the bill, raising objections that include national security threats, consumer hazards and the corruption of a White House that's conflicted because of President Donald Trump's own digital assets business interests.

参议院最杰出的加密批评家马萨诸塞州民主党人伊丽莎白·沃伦（Elizabeth Warren）领导着一个派系，试图在法案上挖掘他们的脚跟，提出异议，其中包括国家安全威胁，消费者危害和由于唐纳德·特朗普总统自身的数字资产企业利益而与白宫的腐败。

The other group, including Senator Kirsten Gillibrand, one of the bill's primary backers, has argued that presidential conflicts are already illegal under the U.S. Constitution, and the bill doesn't need to have specific constraints added to clarify that point. That side also praises a number of changes to the legislation to improve consumer protections and to partially address worries that large corporations will issue stablecoins — the steady, typically dollar-based tokens that underpin so much of the crypto markets' transaction activity.

该法案的主要支持者之一，包括参议员柯斯滕·吉利布兰德（Kirsten Gillibrand）在内的另一个团体认为，根据美国宪法，总统冲突已经是非法的，该法案不需要添加具体的限制来澄清这一点。这方面还赞扬了立法的许多变化，以改善消费者的保护，并部分解决大型公司会发行稳定的稳定公司的担忧，这是稳定的，通常是以美元为基础的代币，这是加密市场的大部分交易交易活动。

The bill is set for what's known as a cloture vote on Monday night, which will decide whether it advances into a formal and time-limited period of debate before final consideration. Cloture tends to be the most difficult test for Senate legislation, because it requires 60 votes — much more than a simple majority. A previous version of the bill failed such a vote once before, when Democrats demanded more time to make changes.

该法案定为周一晚上被称为Cloture投票的规定，该法案将决定是否在最终考虑之前进入正式且限时的辩论时期。 CLOTURE往往是参议院立法的最困难的考验，因为它需要60票，而不是简单的多数。该法案的先前版本以前一次失败了这样的投票，当时民主党人要求更多的时间进行更改。

The stablecoin bill is one of two highly significant U.S. legislative efforts that will finally establish a set of rules and system of oversight for crypto in the U.S., and many in the industry believe it'll usher in a flood of interest from investors who've waited on the sidelines until the sector is completely regulated. The supporters of the stablecoin legislation have set it up for this vote, suggesting they were able to wrangle enough backers to triumph.

该法案是美国两项重要的立法努力之一，该法案最终将建立一系列对美国加密货币的监督规则和监督系统，许多行业中的许多人认为，这将引起人们在阵容等待直到该行业的投资者的兴趣，直到该行业完全受监管。 Stablecoin立法的支持者为这次投票设定了这项投票，这表明他们能够争吵足够的支持者胜利。

The current Senate bill — known as the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act — is worse than doing nothing, according to the arguments from the camp led by Warren, who is the ranking Democrat on the Senate Banking Committee. "A strong bill would ensure that consumers enjoy the same consumer protections when using stablecoins as they do when using other payment systems, close loopholes that enable the illicit use of stablecoins by cartels, terrorists, and criminals, and reduce the risk that stablecoins take down our financial system," according to a sheet issued on Monday by the committee's Democratic staff. "The GENIUS Act does not meet those minimum standards."

根据沃伦（Warren）领导的参议员的说法，目前的参议院法案（称为指导和建立国家创新（GENIUS）法案（GENIUS）法案（Genius）法案比什么都不做。 “一项强大的法案将确保使用与使用其他支付系统时使用的稳定剂时，消费者可以享受相同的消费者保护措施，这些漏洞可以使卡特尔，恐怖分子和罪犯非法使用stablecoins，并降低了斯塔布雷卡因（Stablecoins）降低我们的金融系统的风险，”该委员会周一由委员会的民主党员工发出。 “《天才法》不符合这些最低标准。”

Gillibrand, however, said the bill has been written in a "truly bipartisan effort."

吉利布兰德（Gillibrand）表示，该法案是用“真正的两党努力”所写的。

"Stablecoins are already playing an important role in the global economy, and it is essential that the U.S. enact legislation that protects consumers, while also enabling responsible innovations,” the New York Democrat said in a statement last week.

纽约民主党上周的一份声明说：“ Stablecoins已经在全球经济中发挥了重要作用，至关重要的是，美国必须制定保护消费者的立法，同时还可以实现负责任的创新。”

Senator Mark Warner, a Virginia Democrat, also explained his view in choosing to support the bill. “It sets high standards for issuers, limits big tech overreach and creates a safer, more transparent framework for digital assets," he said in a statement. "It’s not perfect, but it’s far better than the status quo.”

弗吉尼亚民主党参议员马克·华纳（Mark Warner）也解释了他选择支持该法案的观点。他在一份声明中说：“它为发行人设定了高标准，限制了Big Tech的过度划分，并为数字资产创造了更安全，更透明的框架。” “这不是完美的，但远胜于现状。”

Read More: U.S. Stablecoin Bill Could Clear Senate Next Week, Proponents Say

阅读更多：支持者说，下周我们的Stablecoin法案可以清除参议院。

In the hours before the planned Monday vote, a coalition of 46 consumer, labor and advocacy groups continued objecting to the legislation, which has been overhauled repeatedly.

在计划周一投票的前几个小时里，由46个消费者，劳工和倡导团体组成的联盟继续反对立法，该立法已反复大修。

"A vote for this legislation would enable and condone cryptobusiness activities by the Trump administration, organization, and family that raise unprecedented concerns about presidential conflicts of interest, corruption, and the abuse of public office for private gain," they wrote in a letter to the Senate leadership.

他们在给参议院领导层的信中写道：“对这项立法的投票将使特朗普政府，组织和家庭能够掩盖并宽恕对总统利益冲突，腐败和滥用公职供私人利益的前所未有的担忧。”

The crypto industry itself has come together to support the legislation, with various lobbyist groups publishing statements arguing lawmakers should advance the legislation. Stand With Crypto, a Coinbase (NASDAQ:COIN) (NASDAQ:COIN)backed group focused on getting voters to support crypto issues, warned lawmakers in a statement Monday that their votes would go into its sometimes arbitrary assignment of grades for politicians' crypto sentiment.

加密行业本身已经聚集在一起支持立法，各种游说团体发表声明，认为立法者应推进立法。立法者在周一的一份声明中警告，与Coinbase（NASDAQ：COIN）（NASDAQ：COIN）支持的团体的Crypto站在一起，致力于吸引选民支持加密货币问题，并在周一的一份声明中警告说，他们的选票有时会进入其对政治家Crypto情感的任意成绩分配。

While the stablecoin bill has drawn some political heat, it's widely expected to be the easier of the two crypto efforts on Capitol Hill. The legislation to establish U.S. market rules for crypto is much more complex. For both bills, the House of Representatives is also working on parallel efforts.

尽管稳定法案吸引了一些政治炎热，但人们普遍认为这将是Capitol Hill的两个加密货币努力的更容易。制定美国加密货币市场规则的立法要复杂得多。对于这两项法案，众议院也在努力并行努力。

If the bill clears cloture, it could speed toward Senate passage in a matter of days. Jaret Seiberg, a policy analyst with TD Cowen, expects it to clear the Senate this week

如果该法案清除了Cloture，它可能会在几天之内迈向参议院的通行。 TD Cowen的政策分析师Jaret Seiberg希望本周清除参议院

“That means it could become law by summer as we see the House moving quickly on the bill,” he wrote in a note to clients.

他在给客户的票据中写道：“这意味着当我们看到房屋在法案上迅速发展时，它可能会成为法律。”

Warren wrote her own letter on Monday to the U.S. Department of the Treasury and the Department of Justice, pressing for answers about

沃伦（Warren