Coinbase 首席执行官布莱恩·阿姆斯特朗 (Brian Armstrong) 表示，如果新立法强制，该交易所将下架 Tether 的 USDT 稳定币

目前一些修改美国加密立法的尝试将会对该公司产生影响，但尚未取得进展。

Coinbase would comply with any new legislation that requires the exchange to delist Tether’s USDT stablecoin, according to CEO Brian Armstrong.

Coinbase 首席执行官布莱恩·阿姆斯特朗 (Brian Armstrong) 表示，Coinbase 将遵守任何要求交易所下架 Tether 的 USDT 稳定币的新法规。

Several ongoing attempts to revamp US crypto legislation would affect the company, but none have advanced.

正在进行的几次修改美国加密立法的尝试都会影响该公司，但都没有取得进展。

So far, Tether has faced minor hurdles from the EU’s MiCA legislation, but a similar effort in the US could drastically impact its operations.

到目前为止，Tether 面临着欧盟 MiCA 立法的轻微障碍，但美国的类似努力可能会严重影响其运营。

US Legislative Changes Could Impact Tether

美国立法变化可能影响 Tether

Coinbase CEO Brian Armstrong has been outspoken about the previous administration’s crypto crackdown. The exchange faced several challenges from the SEC under Gensler’s leadership.

Coinbase 首席执行官布莱恩·阿姆斯特朗 (Brian Armstrong) 一直直言不讳地谈论前任政府的加密货币打击行动。在 Gensler 的领导下，该交易所面临着 SEC 的多项挑战。

While a US Court sided with his company in the SEC legal battle, the CFTC later issued a subpoena against it. Additionally, Armstrong accused the FDIC of withholding key documents from his exchange.

虽然美国法院在美国证券交易委员会的法律诉讼中支持了他的公司，但美国商品期货交易委员会随后对其发出了传票。此外，阿姆斯特朗还指责 FDIC 扣留了他交易所的关键文件。

However, the exchange has welcomed the positive regulatory changes under the new administration. Armstrong now claims that Coinbase would indeed delist Tether’s USDT if compelled.

然而，该交易所对新政府领导下的积极监管变化表示欢迎。阿姆斯特朗现在声称，如果有强迫的话，Coinbase 确实会下架 Tether 的 USDT。

“There are a lot of people with [USDT], and we want to give them an off-ramp, if we want to help them transition to a system that we think is more secure,” said Armstrong.

“有很多人拥有 [USDT]，如果我们想帮助他们过渡到我们认为更安全的系统，我们希望给他们一个出口，”阿姆斯特朗说。

Armstrong further added that US lawmakers may force Tether and other stablecoin issuers to fully back their reserves in US Treasury bonds and pass regular audits. Tether currently holds a majority of its reserves in Treasury bonds, but it also maintains reserves in commodities such as Bitcoin or gold.

阿姆斯特朗进一步补充说，美国立法者可能会迫使 Tether 和其他稳定币发行人全额支持其美国国债储备并通过定期审计。 Tether 目前持有大部分国债储备，但也持有比特币或黄金等大宗商品储备。

This particular issue also caused significant challenges for USDT in the EU under the new MiCA regulation.

这一特殊问题也给欧盟新 MiCA 法规下的 USDT 带来了重大挑战。

In other words, Armstrong predicts that a similar issue may occur with Tether in the future. In such an event, he would comply with any delisting requirement, just as EU exchanges did.

换句话说，阿姆斯特朗预测未来 Tether 可能会出现类似的问题。在这种情况下，他将遵守任何退市要求，就像欧盟交易所所做的那样。

Moreover, Coinbase is a major shareholder in Circle, a smaller stablecoin that directly challenged Tether’s European market dominance.

此外，Coinbase 是 Circle 的主要股东，Circle 是一种规模较小的稳定币，直接挑战了 Tether 的欧洲市场主导地位。

“The stablecoin scene’s now worth $218.7 billion, and this move could change the game, especially with the US pushing to keep its dollar on top. This could be the beginning of some major shakeups for Tether and its competitors,” Mario Nawfal later posted on X (formerly Twitter).

“稳定币目前价值 2187 亿美元，这一举措可能会改变游戏规则，尤其是在美国努力保持美元领先地位的情况下。这可能是 Tether 及其竞争对手一些重大变革的开始，”Mario Nawfal 后来在 X（以前的 Twitter）上发帖说。

In other words, while the US is heading towards a new pro-crypto regulatory paradigm, enforcement actions are still possible, especially for non-US crypto entities.

换句话说，虽然美国正在走向新的支持加密货币的监管模式，但执法行动仍然是可能的，特别是对于非美国加密货币实体。

Armstrong noted that the Senate introduced two bills that would impose these restrictions on Tether, but neither of them have advanced yet. Even though Tether recently moved its headquarters to El Salvador, the company still needs the US market.

阿姆斯特朗指出，参议院提出了两项​​将对 Tether 施加这些限制的法案，但两项法案尚未取得进展。尽管Tether最近将总部迁至萨尔瓦多，但该公司仍然需要美国市场。

Ultimately, it’s anyone’s guess as to how likely these regulations are to pass. The US crypto space is crying out for a comprehensive new regulatory framework, which would almost certainly impact Tether.

最终，人们都在猜测这些法规通过的可能性有多大。美国加密货币领域迫切需要一个全面的新监管框架，这几乎肯定会影响 Tether。

Armstrong wanted to signal that Coinbase is ready to cooperate with this framework, even if it ends up sidelining Tether.

阿姆斯特朗想要表明 Coinbase 已经准备好与这个框架合作，即使它最终会让 Tether 靠边站。