加密律師傑里米·霍根（Jeremy Hogan）指出了《最新天才法案》中的關鍵問題

該立法於2月推出，旨在規范美元的加密貨幣，解決儲備要求之類的問題

Crypto lawyer Jeremy Hogan is highlighting key issues about the updated version of the Genius Act, a proposed stablecoin bill brought by Senator Bill Hagerty.

加密律師傑里米·霍根（Jeremy Hogan）強調了有關《天才法案》更新版本的關鍵問題，這是一項由參議員比爾·哈格蒂（Bill Hagerty）提出的擬議的Stablecoin法案。

Introduced in February, the legislation aims to regulate dollar-pegged cryptocurrencies, addressing issues like reserve requirements, anti-money laundering (AML) measures, and interactions with foreign and state laws.

該立法於2月推出，旨在規范美元的加密貨幣，解決儲備要求，反洗錢（AML）措施（AML）措施以及與外國和州法律的互動等問題。

While Hogan notes the bill’s potential benefits for USDC and RLSUD, he also expresses concerns about its impact on Tether’s USDT and its broader decentralization implications.

儘管霍根（Hogan）指出該法案對USDC和RLSUD的潛在收益，但他也表示關注其對Tether的USDT及其更廣泛的權力下放含義的關注。

One crucial aspect of the Genius Act mandates issuers to have the technological capability to comply with lawful orders, including the ability to freeze, burn, or prevent the transfer of stablecoins. Hogan not only questions its technical feasibility for issuers like Ripple and Circle but also raises concerns about the potential conflict between regulatory compliance and the decentralized nature of cryptocurrencies.

《天才法案》的一個關鍵方面要求發行人具有遵守合法命令的技術能力，包括凍結，燃燒或防止穩定的能力的能力。霍根（Hogan）不僅質疑其對波紋和圓圈等發行人的技術可行性，還引起了人們對監管合規性與加密貨幣分散性質之間潛在衝突的擔憂。

Moreover, the bill seeks stablecoin integration with the traditional digital banking system, suggesting a potential “merge” between the two financial worlds. This could broaden the role of decentralized finance (DeFi) and put these asset class at the forefront of traditional and decentralized systems.

此外，該法案尋求與傳統數字銀行體系的穩定集成，這表明兩個金融世界之間有潛在的“合併”。這可以擴大分散財務（DEFI）的作用，並將這些資產類別放在傳統和分散系統的最前沿。

Key Provisions and Concerns in the Stablecoin Act

《 Stablecoin法案》中的關鍵規定和關注

As shared by FOX journalist Eleanor Terrett, the updated text of the Genius Act also expands the section on reciprocity for stablecoins issued overseas, aiming to facilitate international transactions and interoperability.

正如福克斯記者埃莉諾·特雷特（Eleanor Terrett）所共有的那樣，《天才法案》的最新文本也擴大了有關在海外發行的穩定性互惠的部分，旨在促進國際交易和互操作性。

The updated version of the bill includes new text addressing various aspects of the regulation, like “reserve requirements, supervision, anti-money laundering and counter-terrorism features, sanctions compliance standards, liquidity requirements, and risk management standards, to facilitate international transactions and interoperability with United States dollar-denominated payment stablecoins issued overseas.

該法案的更新版本包括針對該法規的各個方面的新文本，例如“儲備要求，監督，反洗錢和反恐特徵，制裁合規標準，流動性要求和風險管理標準，以促進國際交易和互操作性，並與美國美元的付費支付穩定股票銷售。

Furthermore, Hogan’s analysis of the Genius Act raise important discussions about the future of fiat-backed digital dollars and their role in the evolving financial ecosystem. The bill’s potential impact on issuers, the balance between regulation and decentralization, and the integration with traditional finance are all key issues that warrant further consideration.

此外，霍根（Hogan）對《天才法》的分析提出了有關菲亞支持的數字美元未來及其在不斷發展的金融生態系統中的作用的重要討論。該法案對發行人的潛在影響，監管和權力下放之間的平衡以及與傳統財務的融合都是需要進一步考慮的關鍵問題。