尽管最近遇到了挫折，但美国对Stablecoin发行人的立法可能正在辩论

尽管最近遇到了挫折，但美国规范Stablecoin发行人的立法可能会下周前往辩论和通过

Despite recent setbacks, U.S. legislation to regulate stablecoin issuers may be heading toward debate and passage next week, according to the backers of the bill known as the "Guiding and Establishing National Innovation for U.S. Stablecoins" (GENIUS) Act.

尽管最近遇到了挫折，但根据该法案的支持者称，美国对Stablecoin发行人的立法可能正在下周进行辩论和通过。

“Next week, the Senate will make history when we debate and pass the GENIUS Act that establishes the first ever pro-growth regulatory framework for payment stablecoins,” said Senator Hagerty, a Tennessee Republican who sponsored the bill to set U.S. standards for stablecoins, which are typically dollar-based tokens such as Circle's (COIN) USD Coin or Paxos' Pax Dollar.

田纳西州共和党参议员Hagerty说：“下周，参议院将在我们进行辩论和通过的天才行为时，建立了有史以来第一个促成付款稳定的监管框架。”

The latest draft of the bill began circulating this week, and a copy seen by CoinDesk showed language had been adjusted in modest ways to help satisfy Democrats concerned with consumer protection and national security elements. In one addition, the bill insisted the big public companies such as Meta (META) wouldn't be approved as issuers of the tokens, though consumer advocates cautioned that private companies such as Elon Musk's social media site X would be eligible.

该法案的最新草案本周开始流传，Coindesk看到的副本显示，已经以适度的方式调整了语言，以帮助满足关心消费者保护和国家安全元素的民主党人。该法案在另一项方面坚持认为，诸如META（META）之类的大型上市公司不会被批准为代币的发行人，尽管消费者拥护者警告说，诸如Elon Musk的社交媒体网站X等私人公司符合资格。

Hagerty paired his statement with one from Senator Kirsten Gillibrand, the New York Democrat who has also pushed this legislation. Her sentiment carried what may have been a shade less confidence about the outcome, and the two lawmakers have ample reason to put a strong public face on a negotiation that's faced headwinds.

Hagerty将他的声明与纽约民主党参议员Kirsten Gillibrand的声明相结合，他也推动了这项立法。她的情绪使对结果的信心降低了，这两个议员有充分的理由将强烈的公众面对面的面对面的谈判面对逆风。

“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,” Gillibrand said in the statement, contending that "robust consumer protections" are included in the latest version. “The crafting of this bill has been a true bipartisan effort, and I’m optimistic we can pass it in the coming days.”

吉利布兰德在声明中说：“稳定币已经在全球经济中发挥了重要作用，美国必须制定保护消费者的立法，同时也可以实现负责任的创新。” “该法案的制作是一项真正的两党努力，我很乐观，我们可以在未来几天通过它通过。”

The Senate has experienced considerable volatility on the bill in the past two weeks, with its recent failure to clear a so-called cloture vote that would have moved it forward into a formal debate. It's headed toward a second vote on Monday in which it needs 60 votes to advance, which would need to include several Democrats. The Senate would then have some time to continue debating the language and possibly make changes before moving on to actually passing the bill.

在过去的两周中，参议院在该法案上经历了相当大的波动性，由于最近未能清除所谓的Cloture投票，该投票本来可以将其转向正式辩论。周一，它需要进行60票才能提前投票，这将需要包括几个民主党人。然后，参议院将有一些时间继续辩论该语言，并可能在继续通过该法案之前进行更改。

Democrats had been critical of its potential for abuse and for stablecoin involvement from corporate giants, but the biggest stink has been raised around President Donald Trump's own interest in crypto businesses, including World Liberty Financial's stablecoin play.

民主党人批评其遭受虐待的潜力和公司巨头的稳定者的参与，但最大的臭味是围绕唐纳德·特朗普（Donald Trump）总统对加密货币业务的兴趣，包括世界自由金融（World Liberty Financial）的Stablecoin Play。

A previous version of the bill had easily advanced out of the Senate Banking Committee with a bipartisan vote before some of the same Democrats that approved it later raised objections. But the Senate has more crypto-friendly Democrats in this session than the last, when the Senate Banking Committee denied any progress for crypto bills.

该法案的先前版本很容易从参议院银行委员会中提出，两党投票在一些批准该委员会后来提出异议的同一民主党人之前。但是，参议院在本次会议上比最后一次的民主党人更具加密民主党人，当时参议院银行委员会否认加密法案的任何进展。

The House of Representatives is also working on its own version, which would have to be melded with the Senate's before Trump could sign the new standards into law. Representative French Hill, the Republican chairman of the House Financial Services Committee, acknowledged at Consensus 2025 in Toronto that Trump's crypto involvement has added friction to the lawmakers' negotiations.

众议院还在制作自己的版本，在特朗普可以签署新标准为法律之前，必须将其与参议院融为一体。众议院金融服务委员会的共和党主席法国山代表在多伦多共识2025年承认，特朗普的加密参与使立法者的谈判增加了摩擦。