天才法：Stablecoin法規的最新更新

Hagerty參議員強調，強大的Stablecoin創新具有巨大的潛力。從提高交易效率到不斷提高美國國債的需求。

An updated version of the GENIUS Act stablecoin bill has been presented by Senator Bill Hagerty and co-sponsors Senators Tim Scott, Cynthia Lummis, and Kirsten Gillibrand.

參議員比爾·哈格蒂（Bill Hagerty）和共同發起人參議員蒂姆·斯科特（Tim Scott），辛西婭·盧米斯（Cynthia Lummis）和柯斯滕·吉利布蘭德（Kirsten Gillibrand）提出了《天才法案》的更新版本。

First introduced in February, the revised bipartisan legislation incorporates feedback from a broad range of industry participants. It includes several key modifications to improve and advance the regulatory framework for stablecoins in the US.

修訂後的兩黨立法首次推出，涵蓋了來自廣泛行業參與者的反饋。它包括幾個關鍵修改，以改善和推進美國穩定的監管框架。

Senator Hagerty highlighted the vast potential of strong stablecoin innovation, ranging from boosting transaction efficiency to increasing demand for US Treasuries.

Hagerty參議員強調了強大的Stablecoin創新的巨大潛力，從提高交易效率到對美國國債的需求不斷提高。

“My legislation will establish a safe and pro-growth regulatory framework that will unleash innovation and advance the President’s mission to make America the world capital of crypto,” he said.

他說：“我的立法將建立一個安全而增長的監管框架，該框架將釋放創新，並促進總統使美國成為世界首都加密貨幣的使命。”

The most notable update is the expansion of “Reciprocity for Payment Stablecoins Issued in Overseas Jurisdictions.” The original bill addressed cross-border stablecoin issuance. However, the new version broadens this section to include specific requirements for overseas stablecoins.

最值得注意的更新是擴展“在海外司法管轄區發行的付款穩定股的互惠”。原始法案涉及跨境穩定發行。但是，新版本擴大了本節的範圍，以包括海外穩定的特定要求。

It mandates the Secretary of the Treasury to establish reciprocal arrangements with countries displaying similar regulatory frameworks. These arrangements cover reserve requirements, supervision, anti-money laundering, sanctions compliance, and liquidity standards. These aim to enhance international transactions and interoperability with US dollar-denominated stablecoins. The bill sets a two-year deadline for completing these agreements.

它要求財政部長與展示類似監管框架的國家建立相互安排。這些安排涵蓋了儲備要求，監督，反洗錢，制裁合規性和流動性標準。這些旨在增強國際交易和與美元計價的Stablecoins的互操作性。該法案設定了完成這些協議的兩年截止日期。

The updated GENIUS Act expands the definition of a “Comptroller-regulated entity” to include both Federal qualified nonbank payment stablecoin issuers and any organization authorized by the Comptroller.

《更新的天才法》擴展了“主計監管實體”的定義，以包括聯邦合格的非銀行支付穩定發行人和主計長授權的組織。

Moreover, the bill introduces new rules for issuers regarding blocking transactions and following legal orders. The Secretary of the Treasury must consult with issuers before blocking transactions involving a foreign person’s property. However, the Secretary does not need to notify the issuer before taking action.

此外，該法案為發行人介紹了有關阻止交易和遵循法律命令的新規則。財政部長必須在阻止涉及外國財產的交易之前與發行人協商。但是，秘書在採取行動之前無需通知發行人。

The Act also demands that issuers have the technology to follow legal orders. These issuers must be capable of freezing, seizing, or stopping the transfer of stablecoins if required by law. Issuers cannot offer or trade foreign stablecoins in the US unless they meet the Act’s legal obligations.

該法案還要求發行人具有遵循法律命令的技術。這些發行人必須能夠在法律要求的情況下凍結，扣押或停止穩定的轉移。除非履行該法案的法律義務，否則發行人不能在美國提供或交易外國穩定。

“The updated version of the GENIUS ACT makes significant improvements to a number of important provisions, including consumer protections, authorized stablecoin issuers, risk mitigation, state pathways, insolvency, transparency, and more,” Senator Gillibrand stated.

參議員吉利布蘭德說：“《天才法案》的更新版本對許多重要的規定有了重大改進，包括消費者保護，授權的穩定發行人，降低風險，國家途徑，破產，透明度等。”

The GENIUS Act’s reintroduction occurs amid a broader push for cryptocurrency regulation in the US. On March 13, 2025, at 10:00 a.m. ET, the Senate Committee on Banking, Housing, and Urban Affairs will hold an executive session to review the bill.

天才法案的重新引入發生在美國加密貨幣調節的廣泛推動下。 2025年3月13日，美國東部時間上午10:00，參議院銀行，住房和城市事務委員會將舉行執行會議，以審查該法案。