Coinbase首席执行官Brian Armstrong敦促美国立法者现代化Stablecoin法规

他认为，当前的法律框架已过时，并阻止用户从支持这些数字货币的后备资产产生的利益中受益。

Coinbase CEO Brian Armstrong is calling on U.S. lawmakers to modernize stablecoin regulations and grant consumers the ability to earn interest on their stablecoin holdings.

Coinbase首席执行官布莱恩·阿姆斯特朗（Brian Armstrong）呼吁美国立法者现代化Stablecoin法规，并授予消费者在其稳定持有股中获得利息的能力。

In a broad commentary on the legal landscape of stablecoins, Armstrong argued that the current legal framework is outdated and hinders the possibility of users benefiting from the interest generated by the reserve assets backing these digital currencies.

阿姆斯特朗（Armstrong）在对稳定币的法律格局的广泛评论中，认为当前的法律框架已经过时，并阻碍用户受益于支持这些数字货币的储备资产产生的利息。

He envisions stablecoins functioning more like interest-bearing checking accounts but said that existing laws prevent this scenario.

他设想稳定的运作更像是兴趣的支票帐户，但说现有的法律阻止了这种情况。

According to Armstrong, although the technology to distribute interest from reserve assets to users already exists, stablecoins don’t qualify for exemptions under U.S. securities laws.

根据阿姆斯特朗的说法，尽管将利息从储备资产分配给已经存在的用户的技术，但Stablecoins没有资格根据美国证券法获得豁免。

As a result, while stablecoins like USDC and USDT are backed by secure assets such as U.S. Treasury bonds, any interest earned typically goes to the issuing company rather than the stablecoin holders. This limitation, he said, puts stablecoins at a disadvantage compared to traditional banking products.

结果，尽管USDC和USDT这样的Stablecoins得到了诸如美国国债债券之类的安全资产的支持，但所赚取的任何权益通常都交给发行公司而不是Stablecoin持有人。他说，与传统的银行产品相比，这种限制使稳定币处于劣势。

“We could be making great strides in rolling out new financial products and services, but instead, we’re largely limited to offering uncompetitive products that don’t fully leverage the technology at our disposal,” said Armstrong.

阿姆斯特朗说：“我们可能会在推出新的金融产品和服务方面取得了长足的进步，但是，我们在很大程度上仅限于提供没有完全利用我们可以使用的技术的非竞争产品。”

His call for regulatory change comes amid stalled progress on stablecoin legislation in Congress. Lawmakers have been debating issues like issuer oversight, reserve transparency, and potential risks to the financial system, but no clear consensus has been reached.

他呼吁法规变更的呼吁在国会的Stablecoin立法方面停滞不前。立法者一直在辩论诸如发行人监督，预备役透明度和金融体系的潜在风险之类的问题，但尚未达成明确的共识。

However, Armstrong believes that allowing users to earn interest on stablecoins would be a game-changer, making these assets more competitive and appealing.

但是，阿姆斯特朗认为，允许用户能够在Stablecoins上获得利息是改变游戏规则的人，这使这些资产更具竞争力和吸引力。

“If we want to create an optimal financial system for the 21st century, we need to adjust our thinking and create the legal framework that will enable this future,” he concluded.

他总结说：“如果我们想为21世纪创建一个最佳的金融体系，我们需要调整思想并创建将来可以使未来的法律框架。”

The call for broader interest-bearing stablecoins comes as several platforms have begun offering limited forms of interest-bearing products. For example, BlockFi offers high-yield crypto savings accounts, while Celsius Network allows users to lend out their crypto and earn interest.

呼吁更广泛的兴趣稳定的稳定剂是由于几个平台开始提供有限的带有兴趣的产品。例如，BlockFI提供高收益的加密储蓄帐户，而Celsius网络允许用户借出加密货币并赢得兴趣。

However, these platforms typically operate in a gray area of U.S. regulations, and there are concerns about the stability and solvency of these platforms.

但是，这些平台通常在美国法规的灰色区域中运行，并且担心这些平台的稳定性和偿付能力。

The lack of clear legislation has also led some industry leaders to move their operations to more crypto-friendly regions. For example, Circle, the issuer of the USD stablecoin, recently announced plans to expand its operations in Europe, where regulators are more open to innovation.

缺乏明确的立法也导致一些行业领导人将其运营转移到更友好的加密友好地区。例如，USD Stablecoin的发行人Circle最近宣布了扩大其在欧洲业务的计划，该公司在监管机构更开放的创新。

If the U.S. were to adopt regulations allowing stablecoin interest payments, it could transform the perception and use of digital dollars, making them a viable alternative to conventional bank deposits and accelerating crypto’s integration into the mainstream financial system.

如果美国要采用允许稳定利息支付的法规，它可能会改变数字美元的看法和使用，使其成为传统银行存款的可行替代品，并加速加密货币与主流金融系统的集成。