美国稳定币监管提案分裂加密货币行业并引发激烈争论

美国旨在监管稳定币的新法案草案的出台引发了加密货币领域的争议。该法案旨在使公共链上的稳定币合法化，特别是以太坊，但引发了人们对其对去中心化稳定币的潜在影响及其对非托管选项的所谓反竞争立场的担忧。

US Stablecoin Regulation Proposal Sparks Fierce Debate Within Cryptocurrency Sector

美国稳定币监管提案引发加密货币行业激烈争论

The introduction of a new draft bill in the United States aimed at regulating stablecoins has ignited a polarizing debate within the cryptocurrency industry, with experts expressing both optimism and apprehension about its potential impact.

美国出台了一项旨在监管稳定币的新法案草案，引发了加密货币行业内的两极分化争论，专家们对其潜在影响表达了乐观和担忧。

Ethereum Enthusiasts See Opportunity

以太坊爱好者看到了机会

Ryan Berckmans, a prominent figure in the Ethereum community and an experienced investor, has hailed the draft bill as "extremely bullish" for Ethereum. In a statement shared on social media, he emphasized the bill's recognition of stablecoins on public chains, particularly Ethereum, where the majority of stablecoins are currently issued.

以太坊社区的知名人物和经验丰富的投资者 Ryan Berckmans 称赞该法案草案对以太坊“极其乐观”。在社交媒体上分享的一份声明中，他强调该法案对公链上的稳定币的认可，特别是以太坊，目前大多数稳定币都是在以太坊上发行的。

Berckmans believes the bill legitimizes stablecoins, which could lead to increased adoption and integration into the financial mainstream. He also highlights the bill's provision allowing US banks to obtain stablecoin licenses and private companies to issue up to $10 billion in stablecoins without a license. This, he argues, could transform the banking sector's approach to digital currencies and broaden their usage across various economic activities.

伯克曼斯认为该法案使稳定币合法化，这可能会导致稳定币的采用和融入金融主流的增加。他还强调了该法案的条款，允许美国银行获得稳定币许可证，允许私营公司在没有许可证的情况下发行最多 100 亿美元的稳定币。他认为，这可能会改变银行业对数字货币的态度，并扩大其在各种经济活动中的使用。

Additionally, Berckmans views the bill as positive for assets not pegged to the US dollar, such as on-chain euros and gold, as it does not impose regulatory measures on these assets. This, he suggests, could foster a free and globalized market for such assets and enhance their appeal as alternative reserve currencies or investment options.

此外，伯克曼斯认为该法案对不与美元挂钩的资产（例如链上欧元和黄金）有利，因为它没有对这些资产施加监管措施。他认为，这可以为此类资产培育一个自由和全球化的市场，并增强它们作为替代储备货币或投资选择的吸引力。

Concerns and Criticisms

担忧和批评

However, not all experts share Berckmans' optimism. Jake Chervinsky, Chief Legal Officer at Variant Fund and former CLO of the Blockchain Association, expressed significant concerns about the draft bill. In a statement released on social media, Chervinsky argued that the bill appears to "ban nearly everything except a narrow band of centralized, custodial stablecoins."

然而，并非所有专家都认同伯克曼斯的乐观态度。 Variant Fund 首席法务官、区块链协会前 CLO Jake Chervinsky 对法案草案表示严重担忧。切尔文斯基在社交媒体上发布的一份声明中表示，该法案似乎“禁止了几乎所有东西，除了一小部分中心化的托管稳定币”。

Chervinsky contends that the focus should be on promoting custodial stablecoins, which he believes are more secure and compliant with regulatory standards. However, the draft bill, in his view, creates regulatory barriers that could stifle innovation in the stablecoin space.

切尔文斯基认为，重点应该放在推广托管稳定币上，他认为这种稳定币更安全且符合监管标准。然而，他认为该法案草案设置了监管障碍，可能会扼杀稳定币领域的创新。

Chervinsky also pointed out that the bill's definition of "algorithmic payment stablecoin" is overly broad, potentially encompassing a range of decentralized stablecoins that use algorithms to maintain their peg to the dollar or other assets. He expressed concern that this could hinder the development and adoption of innovative stablecoin designs.

切尔文斯基还指出，该法案对“算法支付稳定币”的定义过于宽泛，可能涵盖一系列使用算法来维持与美元或其他资产挂钩的去中心化稳定币。他担心这可能会阻碍创新稳定币设计的开发和采用。

Market Implications

市场影响

Despite the divergent perspectives, Berckmans remains optimistic about the broader impact of the bill. He suggests that the restrictions on USD-pegged stablecoins could inadvertently boost the market for non-USD stablecoins, fostering a more diverse and balanced stablecoin ecosystem.

尽管观点存在分歧，伯克曼斯仍然对该法案的更广泛影响持乐观态度。他认为，对与美元挂钩的稳定币的限制可能会无意中提振非美元稳定币市场，从而培育更加多样化和平衡的稳定币生态系统。

Outlook for Stablecoin Regulation

稳定币监管展望

As the cryptocurrency community continues to scrutinize and debate the draft bill, it is evident that the final version of the legislation will play a critical role in shaping the future of stablecoins and blockchain technology in the United States and potentially globally. The outcome of this legislative process will have significant implications for the crypto sector, financial markets, and the wider economy.

随着加密货币社区继续审查和辩论该法案草案，很明显，该立法的最终版本将在塑造美国乃至全球稳定币和区块链技术的未来方面发挥关键作用。这一立法过程的结果将对加密货币行业、金融市场和更广泛的经济产生重大影响。