《 2023年付款Stablecoins Act Clarity of Clarity of Clarity''

該法律旨在為與菲亞特貨幣（例如美元貨幣）相關的穩定數字資產的分配，控制和發行創建一個徹底的結構。

The U.S. House Financial Services Committee's approval of the Clarity for Payment Stablecoins Act of 2023 is a key move in shaping the narrative on digital currencies. This law aims to comprehensively structure the distribution, regulation, and issuance of stablecoins—digital assets pegged to fiat currency, such as the American dollar.

美國眾議院金融服務委員會對2023年《付款穩定法案》的批准是塑造數字貨幣敘事的關鍵舉動。該法律旨在全面構建穩定幣的分配，法規和發行，即固定在菲亞特貨幣（例如美元）的數字資產。

The vote, which follows months of debate and a bipartisan discussion in the works, is a significant step toward establishing a clear regulatory framework for stablecoins in the U.S. It underscores the increasing awareness among lawmakers of the importance of stablecoins in the financial system and the need for well-defined rules to mitigate risks.

投票是在幾個月的辯論和兩黨討論之後進行的，這是在美國建立明確的監管框架邁出的重要一步，它強調了立法者在財務系統中對穩定劑的重要性的越來越多的認識，並且需要有規定的規則來減輕風險。

While the bill's progress is noteworthy, it has also faced political hurdles, which suggest further negotiations may be necessary before it can be passed into law.

儘管該法案的進步值得注意，但它也面臨政治障礙，這表明在將其傳授成法律之前可能需要進一步談判。

About the Clarity for Payment Stablecoins Act

關於付款穩定法案的清晰度

Introduced by Representative Patrick McHenry (R-NC), the Clarity for payment stablecoins Act seeks to regulate issuers of stablecoins and protect consumers. The legislation defines stablecoins and sets forth guidelines for their creation, handling, and use.

由代表Patrick McHenry（R-NC）提出的《付款Stablecoins法案》旨在規範Stablecoins的發行人並保護消費者。該立法定義了Stablecoins並製定了其創建，處理和使用的準則。

These steps aim to ensure that issuers operate under transparent and sound policies, thereby preventing financial instability, safeguarding consumers, and fostering innovation in the stablecoin industry.

這些步驟旨在確保發行人在透明和合理的政策下運作，從而防止金融不穩定，保護消費者並促進Stablecoin行業的創新。

Legislative Advancement and Partisan Difficulties

立法進步和黨派困難

The approval of the bill by the House Financial Services Committee marks a substantial turning point. However, the measure has not escaped political difficulties, which could delay its passage.

眾議院金融服務委員會對該法案的批准標誌著一個很大的轉折點。但是，該措施並沒有逃脫政治上的困難，這可能會延遲其通過。

Chairman Patrick McHenry blamed the White House for postponing negotiations, stating, "It was the White House's unwillingness to compromise that once again brought that negotiation to a halt."

董事長帕特里克·麥克亨利（Patrick McHenry）指責白宮推遲談判，並說：“白宮不願妥協，再次使談判停止了。”

Conversely, the committee's top Democrat, Representative Maxine Waters (D-CA), argued that McHenry was not keen to continue bipartisan talks and expressed concerns that the measure might allow large corporations to create stablecoins without adequate control mechanisms.

相反，該委員會的最高民主黨人Maxine Waters（D-CA）認為，麥克亨利並不熱衷於繼續兩黨對話，並表示擔心該措施可能會使大型公司能夠在沒有足夠控制機制的情況下創建穩定的公司。

Moreover, some lawmakers believe that the bill's state-based regulatory approach could lead to regulatory arbitrage—where issuers choose states with less stringent regulation. Despite these issues, the passage of the measure reflects a growing bipartisan consensus on the urgency of stablecoin regulation.

此外，一些立法者認為，該法案的基於州的監管方法可能會導致監管套利，在這種情況下，發行人會選擇監管不太嚴格的州。儘管存在這些問題，但該措施的通過反映了對Stablecoin調節緊迫性的兩黨共識的日益增長。

Final Thoughts

最後的想法

The clarity of payment stablecoins act is a significant first step toward constructing a complete U.S. legislative framework for stablecoins. Although its development has seen substantial progress, political differences imply that further negotiations and revisions could be required.

《付款穩定法》的清晰度是為構建一個完整的美國立法框架的重要第一步。儘管其發展已經取得了重大進展，但政治分歧意味著可能需要進一步的談判和修訂。

If passed, the bill could provide consumers with critical safety measures and financial stability while offering stablecoin issuers and investors much-needed legal certainty in one of the fastest-growing sectors of the financial services industry. However, the argument over corporate stablecoin issuers, state versus federal regulation, and the Federal Reserve's role in regulating new digital assets will help to determine its future in the coming months.

如果通過了，該法案可以為消費者提供關鍵的安全措施和財務穩定性，同時為金融服務行業增長最快的領域之一提供Stablecoin發行人和投資者的法律確定性。但是，關於公司Stablecoin發行人，州與聯邦法規以及美聯儲在規範新數字資產中的作用的論點將有助於確定未來幾個月的未來。