本周，美国参议院未能继续执行一项名为《天才法》的大型Stablecoin法案

本周，美国参议院未能推进一项名为“指导和建立美国Stablecoins Act”（Genius Act）的国家创新法案的重大Stablecoin法案。

This week, the US Senate failed to advance a major stablecoin regulation bill known as the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act).

本周，美国参议院未能推进一项重大的Stablecoin法规法案，称为指导和建立美国Stablecoins法案（Genius Act）的国家创新。

On May 8, Democrat lawmakers joined forces to block the bill, leading to a vote of 49 against and 48 in favor of advancing the legislation.

5月8日，民主党议员联手阻止该法案，导致对49票的投票，48票支持该立法。

However, several Democrats who had previously backed or co-sponsored the GENIUS Act—including Ruben Gallego, Mark Warner, Lisa Blunt Rochester, Andy Kim, Kirsten Gillibrand, and Angela Alsobrooks —ultimately voted against it.

但是，几位以前支持或共同赞助了《天才法案》的民主党人 - 包括鲁本·加勒戈，马克·华纳，丽莎·布朗特·罗切斯特，安迪·金，基尔斯滕·吉利布兰德和安吉拉·阿尔索布鲁克斯 - 反对它。

This surprising turn of events comes despite the bill having already secured bipartisan support.

尽管该法案已经获得了两党的支持，但这一令人惊讶的事件发生了。

Gallego and his colleagues explained their decision in a joint statement, highlighting the need for stronger safeguards in the legislation.

加勒戈（Gallego）和他的同事在一份联合声明中解释了他们的决定，强调了在立法中需要更强大的保障措施。

According to the lawmakers, the bill still lacked critical language on anti-money laundering, more robust oversight of foreign stablecoin issuers, and clearer enforcement tools to ensure compliance.

根据立法者的说法，该法案仍然缺乏关于反洗钱，对外国稳定发行人的更强大监督以及更清晰的执法工具的关键语言，以确保合规性。

They also pressed on the urgency of addressing national security concerns and the stability of the broader financial system in the legislation.

他们还强迫解决国家安全问题的紧迫性和立法中更广泛的金融体系的稳定性。

“We recognize that the absence of regulation leaves consumers unprotected and vulnerable to predatory practices. We have approached this process constructively and with an open mind, with the understanding that additional improvements to the bill would be made,” the Democrats stated.

民主党人说：“我们认识到，没有监管的缺乏使消费者没有受到保护，并且容易受到掠夺性实践的影响。我们已经建立了建设性的和开放的思想来实现这一过程，并了解将对该法案进行进一步的改进。”

However, Republican lawmakers, like Pete Ricketts, expressed disappointment over the vote outcome, alleging that Democrats prioritized political interests over policy progress.

但是，像皮特·里基茨（Pete Ricketts）一样，共和党议员对投票结果表示失望，指控民主党将政治利益放在政策进步上。

"Heartless Democrats just voted to kill the GENIUS Act, which would have brought much-needed regulation to stablecoins and Web3. Democrats preferred to scuttle the bill over trivial complaints and preferred to keep stifling new technologies," Ricketts wrote on X.

里克特（Ricketts）在X上写道：“无情的民主党人只是投票决定杀死《天才法案》，这本来将急需的法规带到了稳定的法规和Web3。民主党人宁愿将法案削减而不是琐碎的投诉，而宁愿继续扼杀新技术。”

Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, added that Senate Democrats missed a chance to enact sensible reforms to boost innovation and secure the US as a leader in financial technology.

总统数字资产顾问委员会执行董事Bo Hines补充说，参议院民主党人错过了进行明智的改革来促进创新并确保美国成为金融技术领导者的机会。

“This bill wasn’t about politics—it was about building the future. It was about modernizing our outdated payment systems, and securing our position as the global standard-setter in financial technology. Instead, Democrats caved to fringe ideological factions, abandoning the opportunity to bring clarity to the market and foster American innovation,” Hines stated.

Hines表示：“该法案与政治有关，这是关于建立未来。这是关于使我们过时的支付系统现代化，并确保我们作为金融技术的全球标准制定者的地位。相反，民主党人陷入了边缘意识形态派系的努力，放弃了将明确的机会带入市场并促进美国创新的机会。”

Meanwhile, Matt Hougan, Chief Investment Officer at Bitwise, described the outcome as "deeply unfortunate."

同时，Bitwise的首席投资官Matt Hougan将结果描述为“非常不幸”。

He pointed out that without clear regulations, stablecoin adoption could stall and market growth—especially for altcoins—would be suppressed.

他指出，如果没有明确的法规，stablecoin的采用可能会停滞不前，尤其是对于Altcoins而言，将被抑制。

Moreover, Hougan noted that a regulatory stalemate could lead to increased volatility across non-Bitcoin assets this summer.

此外，霍根（Hougan）指出，监管僵局可能导致今年夏天非比型币资产的波动性增加。

“If stablecoin and market structure legislation grind to a halt in DC, it’s going to be a long summer for non-bitcoin crypto assets,” Hougan remarked.

Hougan说：“如果Stablecoin和市场结构立法在DC停顿，那将是非比币加密资产的漫长夏天。”

Tether Reacts to Updated Stablecoin Bill

系绳对更新的Stablecoin账单做出反应

Following the failed vote, a newly updated draft of the GENIUS Act has surfaced with several notable changes.

投票失败后，《天才法案》的新更新草案浮出水面，并有了几项显着的变化。

The new draft now lists only four Republican Senators as sponsors: Bill Hagerty, Cynthia Lummis, Tim Scott, and Dan Sullivan.

现在，新草案只列出了四位共和党参议员作为赞助者：比尔·哈格蒂，辛西娅·卢米斯，蒂姆·斯科特和丹·沙利文。

It also expands U.S. jurisdiction to cover foreign stablecoin issuers who serve American users, suggesting a move towards broader oversight.

它还扩大了美国管辖范围，以覆盖为美国用户服务的外国稳定发行人，并建议采取更广泛的监督。

The latest draft also includes a revised definition of digital asset service providers and updates the types of assets that can be used to back stablecoins, hinting at potential changes in reserve management requirements.

最新草案还包括对数字资产服务提供商的修订定义，并更新可用于支持StableCoins的资产类型，暗示了储备管理要求的潜在变化。

These changes were made in response to feedback from key stakeholders, and they suggest an ongoing effort to forge consensus on critical aspects of digital asset regulation.

这些更改是为了响应主要利益相关者的反馈而进行，他们提出了持续的努力，以在数字资产调节的关键方面达成共识。

As the House Financial Services Committee prepares to vote on its own version of a stablecoin bill on May 10, the focus now shifts to the lower chamber to see how the legislation will progress.

当众议院金融服务委员会准备在5月10日对自己版本的Stablecoin法案进行投票时，现在的重点转移到下部会议厅，以了解立法将如何进行。