美國參議員宣布全面的穩定幣監管措施，以加強金融穩定和消費者保護

美國參議員克爾斯滕·吉利布蘭德(Kirsten Gillibrand) 和辛西婭·盧米斯(Cynthia Lummis) 提出了《盧米斯-吉利布蘭德支付穩定幣法案》，對穩定幣發行人提出了嚴格的監管。該法案旨在加強消費者保護並維護美元霸權，要求一對一儲備，建立全面的監管框架，並禁止非法使用穩定幣。

U.S. Senators Lummis and Gillibrand Spearhead Sweeping Stablecoin Regulation to Safeguard Financial Stability and Consumer Protection

美國參議員 Lummis 和 Gillibrand 帶頭全面實施穩定幣監管，以維護金融穩定和消費者保護

In a groundbreaking move to establish a comprehensive regulatory framework for payment stablecoins, U.S. Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) have introduced the Lummis-Gillibrand Payment Stablecoin Act. This landmark legislation aims to ensure the safety, transparency, and stability of the digital asset ecosystem while upholding the dominance of the U.S. dollar.

美國參議員 Kirsten Gillibrand（紐約州民主黨）和 Cynthia Lummis（懷俄明州共和黨）提出了《Lummis-Gillibrand 支付穩定幣法案》，這是建立支付穩定幣全面監管框架的開創性舉措。這項具有里程碑意義的立法旨在確保數位資產生態系統的安全、透明和穩定，同時維護美元的主導地位。

Citing the alarming de-pegging of TerraUSD (UST) from the U.S. dollar in 2022, Senators Gillibrand and Lummis emphasized the urgent need for regulations that prevent the issuance of "unbacked, algorithmic stablecoins." The bill mandates one-to-one reserves for stablecoin issuers, guaranteeing that each stablecoin issued has a corresponding dollar asset held in reserve. This crucial provision eliminates the risks associated with uncollateralized stablecoins and ensures investor confidence in the stability of these digital assets.

參議員 Gillibrand 和 Lummis 以 2022 年 TerraUSD (UST) 與美元脫鉤為例，強調迫切需要製定法規來防止發行「無支援的演算法穩定幣」。該法案要求穩定幣發行人建立一對一的儲備金，保證發行的每種穩定幣都有相應的美元資產作為儲備金。這項重要條款消除了與無抵押穩定幣相關的風險，並確保投資者對這些數位資產的穩定性充滿信心。

To establish a robust regulatory framework, the Act establishes a dual regulatory regime involving both state and federal authorities. State non-depository trust corporations are authorized to issue up to $10 billion in payment stablecoins, while federally authorized institutions can issue stablecoins "up to any amount" under a limited-purpose state charter. This approach balances the need for oversight with the flexibility to accommodate the evolving nature of the digital asset industry.

為了建立健全的監管框架，該法案建立了涉及州和聯邦當局的雙重監管制度。州非存款信託公司有權發行最多 100 億美元的支付穩定幣，而聯邦授權機構可以根據有限目的州章程發行「任意金額」的穩定幣。這種方法平衡了監管的需要和適應數位資產行業不斷發展的性質的靈活性。

To safeguard consumer assets, the bill also meticulously outlines custody regulations for non-depository trust corporations. Drawing lessons from the FTX debacle, the Act emphasizes the importance of proper custody practices to protect investors' funds.

為了保護消費者資產，該法案還詳細概述了非存款信託公司的託管規定。該法案吸取了 FTX 災難的教訓，強調了適當的託管實踐對於保護投資者資金的重要性。

Senator Gillibrand expressed her conviction in the transformative potential of stablecoins while highlighting the necessity of strong regulations. "Passing a regulatory framework for stablecoins is absolutely critical to maintaining the U.S. dollar's dominance, promoting responsible innovation, protecting consumers, and cracking down on money laundering and illicit finance," she stated.

吉利布蘭德參議員表達了她對穩定幣變革潛力的信念，同時強調了強有力的監管的必要性。她表示：“透過穩定幣監管框架對於維持美元的主導地位、促進負責任的創新、保護消費者以及打擊洗錢和非法金融絕對至關重要。”

Senator Lummis, known for her vocal advocacy for digital asset regulation, has called for action against stablecoin issuer Tether, alleging its involvement in facilitating cash used by Hamas. Her collaborative efforts with Senator Gillibrand on this bill demonstrate their shared commitment to combating illicit activities in the crypto ecosystem.

以直言不諱地倡導數位資產監管而聞名的參議員 Lummis 呼籲對穩定幣發行商 Tether 採取行動，指控其參與為哈馬斯使用現金提供便利。她與參議員吉利布蘭德在該法案上的合作表明了他們共同致力於打擊加密生態系統中的非法活動。

The Lummis-Gillibrand Payment Stablecoin Act has garnered support from various stakeholders, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The SEC has proposed classifying stablecoins as securities, while the CFTC has expressed its intent to regulate stablecoins as commodities. The introduction of this bill provides a much-needed opportunity for Congress to establish a comprehensive framework that addresses the concerns of regulators, lawmakers, and industry experts alike.

Lummis-Gillibrand支付穩定幣法案獲得了包括美國證券交易委員會（SEC）和商品期貨交易委員會（CFTC）在內的各個利害關係人的支持。 SEC 提議將穩定幣歸類為證券，而 CFTC 則表示有意將穩定幣作為商品進行監管。該法案的提出為國會提供了一個急需的機會，以建立一個全面的框架來解決監管機構、立法者和行業專家等的擔憂。

While concerns regarding stablecoin regulation have been raised by some lawmakers and industry experts, the Lummis-Gillibrand Payment Stablecoin Act represents a significant step towards addressing these concerns. The bill's bipartisan support and alignment with the priorities of key financial committees in Congress suggest that it has the potential to make significant progress in the legislative process.

儘管一些立法者和行業專家提出了對穩定幣監管的擔憂，但 Lummis-Gillibrand 支付穩定幣法案代表著解決這些擔憂的重要一步。該法案得到了兩黨的支持，並且與國會主要金融委員會的優先事項保持一致，表明該法案有可能在立法過程中取得重大進展。

The bill's introduction comes as the House of Representatives advanced the Clarity for Payment Stablecoins Act in July 2023. However, there has been limited action on that bill since then. The Lummis-Gillibrand Payment Stablecoin Act, with its broader scope and comprehensive approach, is poised to become the primary legislative vehicle for establishing a stablecoin regulatory framework in the United States.

該法案是在眾議院於 2023 年 7 月提出《支付穩定幣清晰度法案》之際提出的。 《魯米斯-吉利布蘭德支付穩定幣法案》以其更廣泛的範圍和更全面的方法，有望成為美國建立穩定幣監管框架的主要立法工具。

As the digital asset industry continues to evolve, the need for clear and effective regulations becomes increasingly imperative. The Lummis-Gillibrand Payment Stablecoin Act provides a comprehensive and balanced approach to regulating stablecoins, ensuring the protection of consumers and the stability of the U.S. financial system while fostering innovation and economic growth.

隨著數位資產產業的不斷發展，對清晰有效的監管的需求變得越來越迫切。 《魯米斯-吉利布蘭德支付穩定幣法案》提供了一種全面、平衡的穩定幣監管方法，確保消費者保護和美國金融體系的穩定，同時促進創新和經濟成長。