美国稳定法案在参议院仍然停滞不前，但数字商会认为延迟是暂时的。

该法案正式命名为指导和建立2025年美国稳定法的国家创新，或Genius Act，未能在5月8日通过程序投票。

Key Insights:

关键见解：

* The U.S. stablecoin bill, known as the GENIUS Act, is expected to return to the Senate floor for a final vote within the next few weeks, predicts the Digital Chamber.

*美国数字商会预测，美国稳定法案被称为《天才法》，预计将在接下来的几周内返回参议院进行最后的投票。

* The bill, which stands for "Guiding and Establishing National Innovation in U.S. Stablecoins of 2025," failed to pass a procedural vote on May 8, but industry figures say it should be recirculated soon with bipartisan support.

*该法案代表“指导和建立2025年美国稳定的国家创新”，未能在5月8日通过程序投票，但行业人士表示，应在两党支持下很快再循环。

* After several Democratic senators pulled their support for the bill, a revised version has been drafted to remove any mention of the Trump family, aiming to increase the chances of a full vote before the end of May.

*在数名民主党参议员对该法案的支持之后，已经起草了一个修订版本，以取消对特朗普家族的任何提及，旨在增加5月底之前进行全额投票的机会。

* As Congress stalls on the GENIUS Act, one U.S. territory, the island of Tinian in the Northern Mariana Islands, has passed a local bill to issue a stablecoin called the Marianas US Dollar (MUSD).

*随着国会对《天才法案》的摊位，美国北部玛丽安娜群岛的蒂尼安岛一个美国领土已通过了一项当地法案，签发了一个名为Marianas Us Dollar（MUSD）的Stablecoin。

* The token, which will be backed by cash and U.S. Treasury bills and run on the eCash blockchain, could launch as early as July, making Tinian the first public U.S. entity to issue a stablecoin.

*该代币将得到现金和美国国库券的支持并在Ecash区块链上运行，最早可能会在7月推出，这使Tinian成为美国第一个发布Stablecoin的公共实体。

The Digital Chamber believes that the delay in the U.S. Senate vote on the stablecoin bill, formally titled the GENIUS (Guiding and Establishing National Innovation in U.S. Stablecoins of 2025) Act, is temporary and the legislation will move forward in the next few weeks.

数字商会认为，美国参议院对Stablecoin法案的延误是正式的题为《天才》（指导和建立2025年美国稳定的国家创新）法案，是暂时的，该立法将在接下来的几周内继续前进。

Speaking at Consensus 2025, Cody Carbone, chief policy officer at the Washington, D.C.-based blockchain advocacy group, responded to a question about the bill's status.

在2025年共识时，位于华盛顿特区的区块链倡导组织Cody Carbone回答了有关该法案地位的问题。

"Yes, it's a bump in the road, but very, very shortly, we will have another vote on the bill and it will pass the Senate and the House and the President will sign it, and we will have stablecoin regulation in the United States," Carbone stated.

卡波恩说：“是的，这是道路上的颠簸，但是很快，我们将对该法案进行另一票，它将通过参议院，众议院，总统将签署，我们将在美国进行Stablecoin法规。”

The setback follows growing partisan tension in Washington, where several Democratic lawmakers pulled support for the GENIUS Act.

挫折是在华盛顿越来越多的党派紧张局势之后，几位民主党立法者对《天才法》的支持。

Reports suggest that the Democrats are wary of President Donald Trump's deepening involvement in crypto markets, particularly his engagement in the memecoin space and NFT sector, which has drawn ethics concerns.

报道表明，民主党人对唐纳德·特朗普总统的加入加密市场的加深参与保持警惕，尤其是他参与Memecoin Space和NFT部门，这引起了道德问题的关注。

Some Democrats have also accused Republicans of using stablecoin regulation to push pro-Trump digital asset agendas.

一些民主党人还指责共和党人使用Stablecoin法规来推动亲特朗普数字资产议程。

"It’s no secret that the MAGA agenda is focused on rolling back consumer protections and deregulating Wall Street," a Democratic aide told Politico.

一位民主党助手告诉Politico：“杂志议程专注于退缩消费者的保护并放弃华尔街，这已经不是什么秘密了。”

"That agenda is now reaching new highs with the GOP’s attempt to jam through a last-minute, hastily written stablecoin bill that would create a regulatory framework for crypto in the United States."

“该议程现在正在达到新的高点，因为共和党试图通过最后一刻，匆忙书写的Stablecoin法案来创造一个在美国为加密货币创建监管框架的法案。”

The sudden stall of the bill drew backlash from Republican lawmakers. Senator Tim Scott, a leading GOP voice on financial services, accused Democrats of sabotaging the bill to avoid giving Trump credit for digital asset regulation.

该法案的突然摊位引起了共和党议员的反对。参议员蒂姆·斯科特（Tim Scott）是金融服务的领先声音，指责民主党人破坏该法案，以避免对特朗普对数字资产监管的信誉。

"The bipartisan support for the GENIUS Act is well-known," Scott argued. "Stripping references to the Trump family from the bill could help revive support for the legislation."

斯科特说：“两党对天才行为的支持是众所周知的。” “从该法案中剥离对特朗普家族的参考可以帮助恢复对立法的支持。”

Sources indicate that the revised version of the bill, which is being circulated to senators this week, removes any mention of Trump to increase the chances of a full vote before the end of May.

消息来源表明，该法案的修订版本周被散发给参议员，该法案删除了提及特朗普的任何提及，以增加5月底之前全额投票的机会。

Industry executives align with that view. Without the distraction of partisan framing, the bill can regain traction and pass ahead of the 2026 midterm election cycle.

行业高管与这种观点保持一致。没有党派框架的分心，该法案可以恢复牵引力并在2026年中期选举周期之前通过。

"We're hearing it could be as early as next week for another vote on the GENIUS Act," an executive at a major crypto bank told Blockworks. "There's hope that it could pass before the 2026 election, which would be ideal."

一位主要加密银行的一位高管告诉Blockworks：“我们听说可能最早在下周对《天才法》进行另一次投票。” “希望它能在2026年大选之前通过，这是理想的。”

The bill's sudden stall drew criticism from Republicans. Senator Tim Scott, a leading GOP voice on financial services, accused Democrats of sabotaging the bill to avoid giving Trump credit for digital asset regulation.

该法案的突然摊位引起了共和党人的批评。参议员蒂姆·斯科特（Tim Scott）是金融服务的领先声音，指责民主党人破坏该法案，以避免对特朗普对数字资产监管的信誉。

"The bipartisan support for the GENIUS Act is well-known," Scott argued. "Stripping references to the Trump family from the bill could help revive support for the legislation."

斯科特说：“两党对天才行为的支持是众所周知的。” “从该法案中剥离对特朗普家族的参考可以帮助恢复对立法的支持。”

Sources indicate that the revised version of the bill, which is being circulated to senators this week, removes any mention of Trump to increase the chances of a full vote before the end of May.

消息来源表明，该法案的修订版本周被散发给参议员，该法案删除了提及特朗普的任何提及，以增加5月底之前全额投票的机会。

Industry executives align with that view. Without the distraction of partisan framing, the bill can regain traction and pass ahead of the 2026 midterm election cycle.

行业高管与这种观点保持一致。没有党派框架的分心，该法案可以恢复牵引力并在2026年中期选举周期之前通过。

"We're hearing it could be as early as next week for another vote on the GENIUS Act," an executive at a major crypto bank told Blockworks. "There's hope that it could pass before the 2026 election, which would be ideal."

一位主要加密银行的一位高管告诉Blockworks：“我们听说可能最早在下周对《天才法》进行另一次投票。” “希望它能在2026年大选之前通过，这是理想的。”

As Congress struggles to pass the GENIUS Act, one U.S. territory has taken matters into its own hands.

随着国会努力通过《天才法》，一个美国领土掌握在自己手中。

The island of Tinian, part of the Northern Mariana Islands, passed a local bill to issue a

北玛丽安娜群岛一部分的蒂尼安岛通过了一项当地法案，发表了