Tion：与数字资产（例如比特币）不同，可以疯狂地交易的比特币是一部分加密货币的子集，其价值与现实世界中的资产相关

ATS此前拒绝了《天才法》，部分原因是特朗普总统的个人加密货币（包括他自己的模因硬币和Stablecoin）

President Trump's personal cryptocurrency ventures, including his own meme coin and a stablecoin from his family's crypto business, have sparked concerns among Democrats, who previously rejected the GENIUS Act in part due to what they see as an unprecedented conflict of interest.

特朗普总统的个人加密货币企业，包括他自己的模因硬币和家人的加密货币业务中的稳定币，引发了民主党的关注，民主党人以前拒绝了天才行为，部分原因是他们认为是前所未有的利益冲突。

Unlike digital assets such as bitcoin, which can trade wildly, stablecoins are a subset of cryptocurrencies whose value is tied to that of a real-world asset, like the U.S. dollar. Bitcoin hit a new record on Wednesday, nearing $110,000.

与可以疯狂交易的数字资产（例如比特币）不同，Stablecoins是一个加密货币的子集，其价值与真实世界资产相关的价值，例如美元。比特币在周三创下了新纪录，接近110,000美元。

Tether, which is banked by Cantor Fitzgerald in the U.S., controls more than 60% of the stablecoin market. Deutsche Bank found that stablecoin transactions hit $28 trillion last year, surpassing that of Mastercard and Visa, combined.

由美国康托尔·菲茨杰拉德（Cantor Fitzgerald）在美国的邦德（Tether）控制了超过60％的Stablecoin市场。德意志银行发现，去年的Stablecoin交易达到了28万亿美元，超过了万事达卡和Visa的交易。

Sacks, who has emerged as a powerful policy voice inside Trump's inner circle, framed the GENIUS Act not just as a crypto breakthrough but as a national economic strategy.

萨克斯（Sacks）曾在特朗普的内心圈子内成为有力的政策声音，他不仅将天才作为加密突破，而且还为国家经济战略。

"Stablecoins offer a new, more efficient, cheaper, smoother payment system — new payment rails for the U.S. economy," he said. "It also extends the dominance of the dollar online."

他说：“ Stablecoins提供了一种新的，更高效，更便宜，更平滑的支付系统 - 美国经济的新付款轨道。” “这也扩大了在线美元的主导地位。”

The White House has aggressively backed the effort, even as concerns mount over the president's potential conflicts.

即使担心总统的潜在冲突，白宫也积极支持这项努力。

While Sacks sold $200 million in crypto-related holdings before taking his White House job according to a disclosure filing, Trump and his family have been leaning into building a crypto empire.

根据披露文件，萨克斯在从事白宫工作之前出售了2亿美元与加密货币相关的持股，但特朗普和他的家人一直在努力建立一个加密帝国。

The Trumps are financial backers of World Liberty Financial, which just launched its own stablecoin — USD1 — backed by Treasuries and dollar deposits.

特朗普是世界自由金融的财务支持者，刚刚推出了自己的稳定币（USD1），并得到了国库和美元存款的支持。

Abu Dhabi’s MGX investment fund recently pledged $2 billion in USD1 to Binance, the world's largest digital assets exchange. It's the company's largest-ever investment made in crypto.

阿布扎比的MGX投资基金最近承诺在全球最大的数字资产交易所Binance中向Binance捐款20亿美元。这是该公司在加密货币上进行的最大投资。

Still, the path to passage isn't entirely smooth. Senator Josh Hawley, R-Mo., added a controversial rider to the bill that would cap credit card late fees — what's seen as a poison pill that could alienate banking allies and stall final approval.

尽管如此，通道的途径并不完全平稳。参议员乔什·霍利（R-Mo。