在幫助選舉50多名立法者之後，與加密貨幣相關的超級PAC正在重塑美國政策

加勒戈（Gallego）是50多名立法者之一，由Fairshake等與加密貨幣相關的超級PAC支持，在2024年的選舉週期中花費了超過1.3億美元。

A massive investment by cryptocurrency firms in a new super PAC, Fairshake, is having a significant impact on the 2024 election cycle and could ultimately decide the fate of a bill to set federal rules for stablecoins, a type of digital currency pegged to the U.S. dollar.

加密貨幣公司在新的Super PAC（Fairshake）中進行的大量投資對2024年選舉週期產生了重大影響，並最終可以決定一項法案的命運，以製定聯邦stablecoins的規定，這是一種與美元相關的數字貨幣。

The PAC, which is largely funded by Coinbase, Ripple, and venture capital firm Andreessen Horowitz, spent over $130 million and helped elect pro-crypto candidates across both parties. These investments are already reshaping U.S. policy.

PAC主要由Coinbase，Ripple和Venture Capital公司Andreessen Horowitz資助，花費了超過1.3億美元，並幫助選舉了雙方的Pro-Crypto候選人。這些投資已經重塑了美國政策。

The GENIUS Act, which would create a legal framework for stablecoins, is expected to reach the Senate floor in the coming weeks with bipartisan support. In the House, a similar bill — the STABLE Act — cleared committee earlier this month, despite objections from Democrats who argue the legislation could enrich President Trump's crypto-linked firm, World Liberty Financial.

《天才法案》將為穩定幣創建法律框架，預計在接下來的幾週內獲得兩黨的支持。在眾議院中，儘管民主黨人認為這項立法可以豐富特朗普總統與加密貨幣的公司世界自由金融公司的反對，但本月初的一項類似法案 - 穩定法案 - 穩定法案。

"This is a total sea change in terms of how Congress is approaching this industry," said Josh Vlasto, spokesperson for Fairshake. Critics, however, say the pace and scope of the crypto industry's influence are alarming.

Fairshake發言人Josh Vlasto說：“就國會如何接近這個行業而言，這是一次全面的變化。”然而，批評家說，加密行業影響力的步伐和範圍令人震驚。

The legislative push coincides with a dramatic shift in federal enforcement. The Securities and Exchange Commission has dropped lawsuits against major crypto exchanges like Coinbase and Kraken, and President Trump recently issued an executive order calling for a national crypto reserve. At a March crypto conference, Trump praised stablecoins as tools to "expand the dominance of the U.S. dollar."

立法推動與聯邦執法的巨大轉變相吻合。美國證券交易委員會（Securities and Exchange Commission）對Coinbase和Kraken等主要加密交易所進行了訴訟，特朗普總統最近發出了一項行政命令，呼籲為國家加密儲備提供。在3月的加密會議上，特朗普稱讚Stablecoins是“擴大美元的統治地位”的工具。

Just days later, World Liberty Financial — a crypto company linked to Trump's family — announced its own stablecoin, USD1, which would benefit from the GENIUS Act's provisions.

就在幾天后，世界自由金融公司（一家與特朗普家族聯繫在一起的加密貨幣公司）宣布了自己的穩定公司USD1，這將從《天才法案》的規定中受益。

The act's sponsors, including Senator Kirsten Gillibrand and Senator Tim Scott, say the legislation would set much-needed guardrails around the growing stablecoin market. But watchdog groups warn it lacks sufficient consumer protections and could enable money laundering or financial instability.

該法案的讚助商，包括參議員基爾斯滕·吉利布蘭德（Kirsten Gillibrand）和參議員蒂姆·斯科特（Tim Scott），他說，該立法將在不斷增長的Stablecoin市場圍繞著急需的護欄。但是看門狗團體警告說，它缺乏足夠的消費者保護，可以洗錢或金融不穩定。

"This is a crypto industry wish list, not an adequate regulatory regime," wrote a coalition of consumer advocates in a February letter.

消費者擁護者在2月的一封信中寫道：“這是一個加密行業的願望清單，而不是足夠的監管制度。”

After helping elect 53 out of 58 targeted candidates, crypto firms have doubled down on lobbying, sending executives to Washington and hosting photo ops with lawmakers. Gallego, Ohio's Bernie Moreno, and Indiana's Jim Banks — all backed by crypto PACs — now sit on the Senate Banking Committee, positioning them to influence key votes.

在幫助選舉58名目標候選人中有53名之後，加密貨幣公司的遊說又加倍，將高管派往華盛頓，並與立法者一起舉辦照片OP。加勒戈，俄亥俄州的伯尼·莫雷諾（Bernie Moreno）和印第安納州的吉姆·班克斯（Jim Banks）（都得到了加密貨幣PAC的支持），現在坐在參議院銀行委員會中，將其定位為影響重要的投票。

House Financial Services Chair French Hill, a longtime supporter of the industry and recipient of $100,000 in Fairshake spending, helped shepherd the STABLE Act through committee.

眾議院金融服務主席法國山（French Hill）是該行業的長期支持者，獲得了100,000美元的Fairshake支出，他通過委員會幫助了《穩定法案》。

Still, some Democrats see the legislation as a direct line between public policy and private profit. "The president of the United States should not be using the power of the office to create business that will enrich himself," said Representative Maxine Waters of California, the top Democrat on the House Financial Services Committee.

儘管如此，一些民主黨人仍將該立法視為公共政策與私人利潤之間的直接界限。眾議院金融服務委員會最高民主黨人加利福尼亞州代表馬克斯·沃特斯（Maxine Waters）表示：“美國總統不應利用辦公室的權力來創造自己的業務。”

If passed, the GENIUS and STABLE Acts could represent the most sweeping federal endorsement of cryptocurrency to date — transforming an industry long associated with fraud and volatility into a pillar of financial regulation. With crypto allies now deeply embedded in Congress and the executive branch, the question is no longer whether digital currency will be regulated — but who will shape those rules, and to whose benefit.

如果通過了，天才和穩定的行為可能代表迄今為止對加密貨幣的最全面認可，將與欺詐和波動相關的長期以來的行業轉變為金融監管的支柱。隨著Crypto Allies現在已深入融入國會和行政部門，問題不再是數字貨幣是否會受到監管，而是誰將塑造這些規則以及對誰的利益。