Stablecoin争夺：Crypto Wild West的市场结构和比尔通道

《天才法案》在国会，潜在的市场结构框架和特朗普的加密联系激发了稳定的锅中。

Hold onto your hats, folks! The world of stablecoins is getting a serious shakeup. With the GENIUS Act making its way through Congress and potential market structure frameworks on the horizon, things are about to get interesting.

抓住你的帽子，伙计们！ Stablecoins的世界正在认真改善。随着《天才法》通过国会和潜在的市场结构框架即将到来，事情将变得有趣。

The GENIUS Act: A Stablecoin Showdown

天才法：稳定摊牌

Fresh off a 68-30 vote in the Senate, the GENIUS Act is now in the House, sparking debates and possible amendments. This bill aims to regulate payment stablecoins, potentially opening the door for U.S. companies to issue their own digital currencies. Imagine Apple or Google launching their own tokens! But it's not all smooth sailing. Concerns linger over President Trump's ties to the crypto industry, raising questions about potential conflicts of interest.

《天才法》现在以68票对30票的投票在众议院中，引发了辩论和可能的修正案。该法案旨在规范付款稳定币，有可能为美国公司发行自己的数字货币打开大门。想象一下Apple或Google启动自己的令牌！但这并不是所有的航行顺利。担心特朗普总统与加密货币行业的联系，引发了有关潜在利益冲突的疑问。

Market Structure Frameworks: Clarity on the Horizon?

市场结构框架：地平线清晰？

While the GENIUS Act focuses on stablecoins, lawmakers are also tackling broader crypto market structure. The House is already moving forward with the CLARITY Act, aiming to clarify the roles of U.S. financial regulators in the digital asset space. The Senate Banking Committee is also in the mix, hearing from industry experts to forge a bipartisan path forward. Could this be the regulatory clarity the crypto industry has been craving?

尽管《天才法案》侧重于稳定者，但立法者也在解决更广泛的加密货币市场结构。该房屋已经通过《 Clarity Act》前进，旨在阐明美国金融监管机构在数字资产领域的角色。参议院银行委员会也参与其中，从行业专家那里听到了两党的前进道路。这是加密货币行业一直渴望的监管清晰度吗？

Hedera's HBAR: A Cautionary Tale

Hedera的HBAR：一个警示的故事

Not all is rosy in the crypto garden. Hedera's native token, HBAR, is facing some serious headwinds. A sharp drop in stablecoin supply and declining market activity have put HBAR under pressure. Stablecoin reserves on Hedera have plummeted by over 80% in just a month, signaling liquidity issues and reduced investor appetite. It's a stark reminder of the volatility and risks inherent in the crypto market.

并非所有人都在加密花园里玫瑰色。赫德拉（Hedera）的本地令牌HBAR面临着一些严重的逆风。 Stablecoin供应和市场活动下降的急剧下降已使HBAR承受压力。 Hedera上的Stablecoin储备金在短短一个月内暴跌了80％以上，这表明流动性问题并减少了投资者的需求。这是对加密货币市场固有的波动性和风险的明显提醒。

Trump's Crypto Connection: A Wild Card

特朗普的加密连接：通配符

President Trump has said he'll sign the GENIUS Act

特朗普总统说他将签署《天才法》