加密律师杰里米·霍根（Jeremy Hogan）指出了《最新天才法案》中的关键问题

该立法于2月推出，旨在规范美元的加密货币，解决储备要求之类的问题

Crypto lawyer Jeremy Hogan is highlighting key issues about the updated version of the Genius Act, a proposed stablecoin bill brought by Senator Bill Hagerty.

加密律师杰里米·霍根（Jeremy Hogan）强调了有关《天才法案》更新版本的关键问题，这是一项由参议员比尔·哈格蒂（Bill Hagerty）提出的拟议的Stablecoin法案。

Introduced in February, the legislation aims to regulate dollar-pegged cryptocurrencies, addressing issues like reserve requirements, anti-money laundering (AML) measures, and interactions with foreign and state laws.

该立法于2月推出，旨在规范美元的加密货币，解决储备要求，反洗钱（AML）措施（AML）措施以及与外国和州法律的互动等问题。

While Hogan notes the bill’s potential benefits for USDC and RLSUD, he also expresses concerns about its impact on Tether’s USDT and its broader decentralization implications.

尽管霍根（Hogan）指出该法案对USDC和RLSUD的潜在收益，但他也表示关注其对Tether的USDT及其更广泛的权力下放含义的关注。

One crucial aspect of the Genius Act mandates issuers to have the technological capability to comply with lawful orders, including the ability to freeze, burn, or prevent the transfer of stablecoins. Hogan not only questions its technical feasibility for issuers like Ripple and Circle but also raises concerns about the potential conflict between regulatory compliance and the decentralized nature of cryptocurrencies.

《天才法案》的一个关键方面要求发行人具有遵守合法命令的技术能力，包括冻结，燃烧或防止稳定的能力的能力。霍根（Hogan）不仅质疑其对波纹和圆圈等发行人的技术可行性，还引起了人们对监管合规性与加密货币分散性质之间潜在冲突的担忧。

Moreover, the bill seeks stablecoin integration with the traditional digital banking system, suggesting a potential “merge” between the two financial worlds. This could broaden the role of decentralized finance (DeFi) and put these asset class at the forefront of traditional and decentralized systems.

此外，该法案寻求与传统数字银行体系的稳定集成，这表明两个金融世界之间有潜在的“合并”。这可以扩大分散财务（DEFI）的作用，并将这些资产类别放在传统和分散系统的最前沿。

Key Provisions and Concerns in the Stablecoin Act

《 Stablecoin法案》中的关键规定和关注

As shared by FOX journalist Eleanor Terrett, the updated text of the Genius Act also expands the section on reciprocity for stablecoins issued overseas, aiming to facilitate international transactions and interoperability.

正如福克斯记者埃莉诺·特雷特（Eleanor Terrett）所共有的那样，《天才法案》的最新文本也扩大了有关在海外发行的稳定性互惠的部分，旨在促进国际交易和互操作性。

The updated version of the bill includes new text addressing various aspects of the regulation, like “reserve requirements, supervision, anti-money laundering and counter-terrorism features, sanctions compliance standards, liquidity requirements, and risk management standards, to facilitate international transactions and interoperability with United States dollar-denominated payment stablecoins issued overseas.

该法案的更新版本包括针对该法规的各个方面的新文本，例如“储备要求，监督，反洗钱和反恐特征，制裁合规标准，流动性要求和风险管理标准，以促进国际交易和互操作性，并与美国美元的付费支付稳定股票销售。

Furthermore, Hogan’s analysis of the Genius Act raise important discussions about the future of fiat-backed digital dollars and their role in the evolving financial ecosystem. The bill’s potential impact on issuers, the balance between regulation and decentralization, and the integration with traditional finance are all key issues that warrant further consideration.

此外，霍根（Hogan）对《天才法》的分析提出了有关菲亚支持的数字美元未来及其在不断发展的金融生态系统中的作用的重要讨论。该法案对发行人的潜在影响，监管和权力下放之间的平衡以及与传统财务的融合都是需要进一步考虑的关键问题。