参议院法案针对算法稳定币，引发第一修正案担忧

著名的加密货币倡导组织 Coin Center 反对 Lummis-Gillibrand 支付稳定币法案，该法案提议监管传统货币支持的稳定币。硬币中心认为，该法案对算法稳定币的禁令构成了对言论自由权的侵犯，并建议暂停而不是彻底禁止。

Senate Bill Targets Algorithmic Stablecoins, Raising Constitutional Concerns

参议院法案针对算法稳定币，引发宪法担忧

Washington, D.C. - On April 19, 2024, the Senate introduced legislation aimed at regulating stablecoins, a type of cryptocurrency pegged to traditional fiat currencies like the US dollar. The Lummis-Gillibrand Payment Stablecoin Act, sponsored by Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY), proposes a comprehensive framework for stablecoin oversight.

华盛顿特区 - 2024 年 4 月 19 日，参议院提出了旨在监管稳定币的立法，稳定币是一种与美元等传统法定货币挂钩的加密货币。由参议员 Kirsten Gillibrand (D-NY) 和 Cynthia Lummis (R-WY) 发起的 Lummis-Gillibrand 支付稳定币法案提出了一个全面的稳定币监管框架。

However, the bill has drawn criticism from Coin Center, a prominent cryptocurrency advocacy group, which contends that the proposed ban on algorithmic stablecoins violates the First Amendment rights of free speech. Algorithmic stablecoins are a type of stablecoin that uses smart contracts and algorithms to maintain their value, as opposed to holding dollar reserves.

然而，该法案引起了著名加密货币倡导组织 Coin Center 的批评，该组织认为，拟议的算法稳定币禁令违反了第一修正案的言论自由权。算法稳定币是一种使用智能合约和算法来维持其价值的稳定币，而不是持有美元储备。

In a statement, Coin Center argued that the termination of algorithmic stablecoins "raises an unconstitutional proposition." The group asserts that the cryptocurrency's code and operation fall under the realm of free expression and, as such, cannot be prohibited by the government.

硬币中心在一份声明中辩称，算法稳定币的终止“提出了违宪的主张”。该组织声称，加密货币的代码和操作属于言论自由的范围，因此政府不能禁止。

"This bill would stifle innovation and violate free speech rights under the First Amendment," said Jerry Brito, executive director of Coin Center.

Coin Center 执行董事杰里·布里托 (Jerry Brito) 表示：“这项法案将扼杀创新并侵犯第一修正案规定的言论自由权。”

The Lummis-Gillibrand Act's introduction follows the 2022 crypto market crisis, which highlighted potential risks associated with stablecoins. The collapse of UST (TerraUSD), a major algorithmic stablecoin, raised concerns about their stability and regulatory oversight.

Lummis-Gillibrand 法案是在 2022 年加密货币市场危机之后推出的，这场危机凸显了与稳定币相关的潜在风险。主要算法稳定币 UST (TerraUSD) 的崩溃引发了人们对其稳定性和监管的担忧。

In response to these events, Senator Sherrod Brown (D-OH), chairman of the Senate Banking Committee, has been pushing for stablecoin legislation. The Lummis-Gillibrand Act is one of several proposals currently being considered by lawmakers.

为了应对这些事件，参议院银行委员会主席、参议员谢罗德·布朗（D-OH）一直在推动稳定币立法。 《鲁米斯-吉利布兰德法案》是立法者目前正在考虑的几项提案之一。

Another bill, the Clarity for Payment Stablecoins Act, is pending a full floor vote in the House of Representatives. This bill would establish a more limited regulatory framework for stablecoins, focusing on consumer protection and systemic risk mitigation.

另一项法案《支付稳定币清晰度法案》正在等待众议院全体投票。该法案将为稳定币建立更加有限的监管框架，重点关注消费者保护和系统性风险缓解。

The fate of the Lummis-Gillibrand Act remains uncertain, as it faces opposition from both Coin Center and some members of Congress. The Senate is expected to debate the bill in coming weeks, and its ultimate fate will depend on the outcome of negotiations and amendments.

《鲁米斯-吉利布兰德法案》的命运仍然不确定，因为它面临硬币中心和一些国会议员的反对。预计参议院将在未来几周内对该法案进行辩论，其最终命运将取决于谈判和修正案的结果。

The discussion over stablecoin regulation is expected to continue as lawmakers seek to balance the need for consumer protection with the preservation of innovation in the cryptocurrency sector. The outcome of this debate will have significant implications for the future of stablecoins and the broader cryptocurrency ecosystem.

随着立法者寻求平衡消费者保护的需求与保护加密货币行业的创新，有关稳定币监管的讨论预计将继续下去。这场辩论的结果将对稳定币和更广泛的加密货币生态系统的未来产生重大影响。