Tether的長期CFO，現在是其主席Giancarlo Devasini，在瑞士小鎮盧加諾（Lugano）中保持低調

同時，Circle創始人傑里米·阿萊爾（Jeremy Allaire）舒適地與政客和華爾街高管一起摩擦肩膀，伯威克繼續說道。衝突與意識形態一樣多，與業務有關

Recently stepped down as Tether's longtime CFO and now its chairman, Giancarlo Devasini keeps a low profile in the modest Swiss town of Lugano, according to the article by Angus Berwick.

根據安格斯·伯威克（Angus Berwick）的文章，最近辭去了Tether的長期首席財務官，現在是其董事長Giancarlo Devasini在瑞士小鎮盧加諾（Lugano）中保持低調。

Circle founder Jeremy Allaire, meanwhile, is comfortable rubbing shoulders with politicians and Wall Street executives, Berwick continued.

同時，Circle創始人傑里米·阿萊爾（Jeremy Allaire）舒適地與政客和華爾街高管一起摩擦肩膀，伯威克繼續說道。

The conflict is as much about ideology as it is about business, writes Berwick. Tether embraces crypto's freewheeling ethos, while Circle is pushing for mainstream acceptance through regulation. "Circle will not win if Tether is alive," Devasini reportedly said months ago.

伯威克寫道，衝突與意識形態一樣重要。繫繩擁抱了加密貨幣的自由主義精神，而Circle則通過監管推動主流接受。據報導，據報導，德瓦西尼（Devasini）幾個月前說：“如果繫繩還活著，圈子就不會獲勝。”

The outcome of this battle will shape the future of stablecoins. If regulators succeed in sidelining Tether, Circle's USDC could gain market share and bring stablecoins further into the traditional financial system.

這場戰鬥的結果將塑造穩定幣的未來。如果監管機構成功地束縛了繫繩，Circle的USDC可以獲得市場份額，並將Stablecoins進一步帶入傳統的金融體系。

If Tether survives, and it has shown resiliency in the past after navigating concerns surrounding its commercial paper reserves, it will reinforce crypto's ability to operate outside centralized influence. Either way, the stakes are high as crypto firms fight for dominance in an industry worth trillions.

如果系脈衝生存，並且在圍繞其商業紙張儲備的擔憂之後，它表現出了過去的彈性，它將增強加密貨幣在集中式影響之外運行的能力。無論哪種方式，由於加密貨幣公司在價值數万億的行業中爭取統治地位，賭注都很高。

Lawmakers have introduced three different bills targeting stablecoin regulation, including the Senate's GENIUS Act, the House's STABLE Act (introduced by Republicans) and the bill Ranking Member Maxine Waters and former Representative Patrick McHenry developed over the past few years.

議員們提出了針對Stablecoin法規的三個不同的法案，包括參議院的天才法案，眾議院的穩定法案（由共和黨人提出）以及法案排名成員Maxine Waters和前代表Patrick McHenry在過去幾年中發展起來。

Each of these bills would impose certain reserve and reporting requirements on stablecoin issuers, and a JP Morgan analysis suggests Tether may need to adjust its reserves to comply with these bills, if they become law. However, each bill is still in an early phase of the legislative effort, and it's unclear how long it might take for any of them to be passed through the House, Senate and signed by the president.

這些法案中的每一個都會對Stablecoin發行人施加某些儲備金和報告要求，JP Morgan分析表明，如果Tether成為法律，則可能需要調整其儲備以遵守這些法案。但是，每個法案仍處於立法努力的早期階段，目前尚不清楚其中任何一個通過眾議院，參議院並由總統簽署的時間可能需要多長時間。

Allaire believes digital currency is a "technology superpower dollar"

Allaire認為，數字貨幣是一種“技術超能力”

According to Allaire, digital currency is a "technology superpower dollar" that will have profound implications for the United States and small businesses, he said in an interview on Fox's "Mornings with Maria" on Tuesday.

根據Allaire的說法，數字貨幣是一種“技術超級大國”，將對美國和小型企業產生深遠的影響。

"We're in a competitive race with China, we're trying to find what economic system is going to win, what currency system is going to win. This is a technology superpower dollar that expands the role of the United States around the world."

“我們正在與中國進行競爭激烈的比賽，我們正在努力尋找將要贏得的經濟體系，將要贏得哪種貨幣體系。這是一項技術超級大國的美元，擴大了全球美國的作用。”

At the same time, it can eliminate costs spent on fees to credit card companies or to send remittances overseas, making the impact of a digital currency much broader than just becoming the world's economic superpower.

同時，它可以消除費用支付給信用卡公司的費用或向海外發送匯款，這使數字貨幣的影響要比成為世界的經濟超級大國要多得多。

"There's a real way to put money back in households' and small businesses' pockets as well."

“有一種真正的方式可以將錢放回家庭和小型企業的口袋裡。”

Allaire called USDC "America's first digital dollar" given it is backed by the U.S. Dollar in the form of Treasury bills, repo and cash, and has been around and growing for over six years. He said that USDC powers trillions of dollars in transactions, including over $1 trillion a month and has seen 100% growth over the last 12 months.

Allaire稱USDC為“美國的第一個數字美元”，鑑於它以美元賬單，倉庫和現金的形式支持了美元，並且已經存在六年多了。他說，USDC為交易提供了數万億美元的交易，包括每月超過1萬億美元，在過去的12個月中增長了100％。

The chairman of the House Financial Services Committee, Representative McHenry, and the ranking member of the Senate Banking Committee, Senator Bill Hagerty, announced plans on Tuesday to introduce bipartisan legislation this fall that would create a framework for regulating stablecoins.

眾議院金融服務委員會主席，代表麥克亨利和參議院銀行委員會的排名成員比爾·哈格蒂參議員比爾·哈格蒂（Bill Hagerty）週二宣布了今年秋天介紹兩黨法規的計劃，該立法將創建一個框架，以製定一個規範穩定的人。

McHenry, a Republican from Louisiana, and Hagerty, a Republican from Tennessee, said they have been working together to develop a bill that would provide clear rules for stablecoin issuers and promote innovation in the digital asset space.

來自路易斯安那州的共和黨人麥克亨利（McHenry）和田納西州的共和黨人哈格蒂（Hagerty）表示，他們一直在共同製定一項法案，該法案將為Stablecoin發行人提供明確的規則，並促進數字資產領域的創新。

"We need to provide certainty for the market and set up a framework for responsible innovation in this new technology," McHenry said in a statement.

麥克亨利在一份聲明中說：“我們需要為市場提供確定性，並在這項新技術中建立一個負責任的創新框架。”

Hagerty added that their bill would "help to ensure that the United States remains a global leader in the digital asset economy."

Hagerty補充說，他們的法案將“有助於確保美國仍然是數字資產經濟的全球領導者”。

The lawmakers' plans come as Congress faces pressure to regulate stablecoins, which are cryptocurrencies pegged to the value of a traditional currency, such as the U.S. dollar. Stablecoins have become increasingly popular in recent years as a means of payment and investment.

國會面臨監管穩定幣的壓力，該計劃是固定的，這是固定在傳統貨幣的價值（例如美元）的壓力時。近年來，作為支付和投資的手段，Stablecoins變得越來越受歡迎。

Earlier this year, lawmakers introduced three different bills targeting stablecoin regulation: the GENIUS Act, introduced by the Senate Banking Committee chairman, Democrat Mark Warner, and the ranking member, Republican Tim Scott, of South Carolina; the STABLE Act, introduced by Republicans on the House Financial Services Committee; and a bill Ranking Member Maxine Waters, D-Calif., and former Representative Patrick McHenry, R-N.C., developed over the past few years.

今年早些時候，議員們提出了針對Stablecoin法規的三個不同的法案：由參議院銀行委員會主席民主黨馬克·華納（Mark Warner）和南卡羅來納州的共和黨蒂姆·斯科特（Tim Scott）提出的《天才法》；共和黨人在眾議院金融服務委員會中提出的穩定法案；以及D-Calif的法案排名成員Maxine Waters和RN.C.的前代表Patrick McHenry在過去幾年中開發。

Each of these bills would impose certain reserve and reporting requirements on stablecoin issuers, and a JP Morgan analysis suggests Tether may need to adjust its reserves to align with the provisions of these bills, if they become law.

這些法案中的每一個都會對Stablecoin發行人施加某些儲備金和報告要求，JP Morgan分析表明，如果他們成為法律，Tether可能需要調整其儲備以與這些法案的規定保持一致。

However, each bill is still in an early phase of the legislative effort, and it's unclear how long it might take for any of them to be passed through the House, the Senate, and be signed by the president.

但是，每項法案仍處於立法努力的早期階段，目前尚不清楚任何一個通過眾議院，參議院，由總統簽署的任何人可能需要多長時間。