《天才法》：繫繩美國行動的重大障礙

Tether的美國行動面臨著巨大的障礙，這是Hagerty參議員的天才法案的潛在頒布。該法案旨在帶來Stablecoin

Senator Hagerty’s GENIUS Act poses a substantial challenge to Tether's US operations. The bill aims to place stablecoin issuers like Tether (USDT) and USD Coin (USDC) under the supervision of the Federal Reserve.

Hagerty參議員的天才法案對Tether的美國行動構成了重大挑戰。該法案旨在將穩定的發行人置於美聯儲的監督下，例如Tether（USDT）和USD Coin（USDC）。

Backed by Senators Scott, Gillibrand, and Lummis, the bill outlines federal regulations for stablecoin issuers with over $10 billion and state regulations for smaller issuers. According to Hagerty, the bill aligns with Trump’s crypto vision, ensuring U.S. dollar dominance in digital finance. Senate staff anticipate rapid progress through committees, with the White House expressing support for stablecoin legislation.

在參議員斯科特（Scott），吉利布蘭德（Gillibrand）和盧米斯（Lummis）的支持下，該法案概述了對斯塔布爾幣發行人的聯邦法規，對較小發行人的法規超過100億美元和州法規。根據Hagerty的說法，該法案與特朗普的加密願景相吻合，確保了數字融資中的美元統治地位。參議院的工作人員預計，白宮表示支持穩定法律，預計通過委員會將取得迅速的進展。

“This bill is similar to the Clarity Act in the House and a priority for the Congress and Trump Admin to pass this term.”

“該法案類似於眾議院的《 Clarity Act》，也是國會和特朗普管理員通過該學期的優先事項。”

However, some believe that the bill would essentially prevent Tether from operating in the US. The proposed legislation would impose stringent requirements that Tether might not currently be able to meet, an analyst noted.

但是，有些人認為該法案基本上會阻止繫繩在美國運作。一位分析師指出，擬議的立法將施加嚴格的要求，特ether可能目前可能無法滿足。

These include mandatory authorization by the Comptroller of the Currency for issuers with over $10 billion in reserves, regular attestations from a US public accounting firm with CEO and CFO signatures subject to criminal penalties, and restrictions on reserve assets to US Treasury bills, cash, and reverse repos.

其中包括該貨幣審計長的強制性授權，以超過100億美元的儲備金的發行人，由美國公共會計師事務所的定期證明與首席執行官和CFO簽名受刑事處罰，以及對儲備金對美國財政部，現金，現金和現金和現金和現金和現金和現金和現金和現金的限制反向存儲庫。

Compliance with these requirements presents significant hurdles for Tether. Its current practices, such as using a foreign auditor, holding a substantial portion of reserves in assets other than cash and US Treasury bills, and its approach to reserve segregation, appear to fall short of the proposed standards.

遵守這些要求帶來了束縛的重大障礙。其目前的做法，例如使用外國審計師，在現金和美國國庫賬單以外的其他資產中擁有很大一部分儲量，以及其保留種族隔離的方法，似乎符合擬議的標準。

Hoskinson: Tether Could Buy Its Way to Compliance

霍斯金森：繫繩可以買到合規的方式

Opponents of the bill, on the other hand, argue that it stifles innovation and paves the way for a central bank digital currency (CBDC) through stablecoins.

另一方面，該法案的反對者認為，它扼殺了創新，並通過Stablecoins為中央銀行數字貨幣（CBDC）鋪平了道路。

This is everything you need to know about the GENIUS Act. This bill stifles free-market innovation, gives power to large banks and regulators, effectively destroys algorithmic stablecoins, and provides a glide path for a CBDC via stablecoins.

這就是您需要了解的有關天才行為的一切。該法案扼殺了自由市場的創新，為大型銀行和監管機構提供了權力，有效地破壞了算法穩定的stablecoins，並通過Stablecoins為CBDC提供了滑行路徑。

Cardano Founder Charles Hoskinson suggested that Tether with its $13 billion annual profit, could use its financial strength to acquire existing entities that already meet regulatory standards. This would allow them to offer a compliant stablecoin within the US market.

Cardano創始人查爾斯·霍斯金森（Charles Hoskinson）建議，以其130億美元的年利潤束縛，可以利用其財務實力獲得已經符合監管標準的現有實體。這將使他們能夠在美國市場內提供合規的Stablecoin。

While Tether's future plans are uncertain, the GENIUS Act could indelibly reshape the stablecoin industry and the entities operating within it.

儘管Tether的未來計劃尚不確定，但《天才法案》可能會不可磨滅地重塑Stablecoin行業及其內部運作的實體。