参议院银行委员会批准的天才法案为Stablecoin法规奠定了基础

参议院银行委员会已批准了《天才法》的进步，这是一项有关稳定的法规的法案。

The Senate Banking Committee has approved the advancement of the GENIUS Act, the bill on the regulation of stablecoins, with a vote of 18-6. The vote follows the initial approval of the bill in February, which was the result of a bipartisan effort. However, the bill has also faced criticism from some Democratic lawmakers, such as Senator Elizabeth Warren, who voiced concerns about the potential risks of terrorism financing and evasion of international sanctions.

参议院银行委员会批准了《天才法》的进步，《稳定法》的法案，投票为18-6。投票是在2月份的最初批准的，这是两党努力的结果。但是，该法案还面临一些民主党立法者的批评，例如伊丽莎白·沃伦（Elizabeth Warren），他对恐怖主义融资和逃避国际制裁的潜在风险表示担忧。

Elizabeth Warren Contends Against the GENIUS Act

伊丽莎白·沃伦（Elizabeth Warren）争辩

Elizabeth Warren expressed her strong opposition to the current text of the GENIUS Act, stressing that without changes, the legislation could facilitate the financing of terrorism. She also highlighted how the bill risks making it easier for countries like Iran, North Korea and Russia to circumvent economic sanctions.

伊丽莎白·沃伦（Elizabeth Warren）表示强烈反对《天才法》（Genius Act）当前的文本，强调，如果没有变化，立法就可以促进恐怖主义的融资。她还强调了该法案的风险如何使伊朗，朝鲜和俄罗斯等国家更容易规避经济制裁。

Among the amendments proposed by the senator and subsequently rejected, there was the idea of limiting the issuance of stablecoin exclusively to banking institutions. This proposal aimed to strengthen control over entities capable of generating digital coins pegged to traditional currencies. However, none of her amendments were included in the final bill.

在参议员提出的修正案中，随后拒绝了，有一个想法将稳定币的发行仅限于银行机构。该提案旨在加强对能够生成数字硬币与传统货币挂钩的实体的控制。但是，她的修正案都没有包含在最后的法案中。

Tim Scott’s Vision and Innovation in the GENIUS Act

蒂姆·斯科特（Tim Scott）在《天才法案》中的愿景和创新

President of the Senate Banking Committee, Tim Scott, has welcomed the advancement of the GENIUS Act, calling it “a victory for innovation”. The senator highlighted how the legislation will introduce clear and sensible rules for the stablecoin sector.

参议院银行委员会主席蒂姆·斯科特（Tim Scott）欢迎《天才法》的进步，称其为“创新胜利”。参议员强调了该立法将如何为Stablecoin部门介绍明确而明智的规则。

Scott highlighted key points of the law:

斯科特强调了法律的要点：

– Obligation for stablecoin issuers to maintain 1:1 guaranteed reserves

- Stablecoin发行人维持1：1保证储备金的义务

– Compliance with anti-money laundering regulations

- 遵守反洗钱法规

– Protection of US consumers

- 保护美国消费者

– Support for the position of the US dollar in the global economy

- 支持美元在全球经济中的地位

Updates to the GENIUS Act: increased control and security

《天才法》的更新：增加控制和安全性

The bill, introduced in February 2025 by Senator Bill Hagerty, has undergone several revisions aimed at strengthening protections for the financial system.

该法案于2025年2月由参议员比尔·哈格蒂（Bill Hagerty）提出，旨在加强对金融体系的保护。

On March 10, Hagerty announced that the GENIUS Act would include:

3月10日，Hagerty宣布《天才法》将包括：

– Greater transparency in risk management

- 风险管理的透明度更高

– Stricter restrictions for the holding of stablecoin reserves

- 持有稳定储备的严格限制

– **Stricter rules for compliance with anti-money laundering (AML) regulations**

- **遵守反洗钱（AML）规定的更严格的规则**

– Measures aimed at preventing the financing of terrorism

- 旨在防止恐怖主义融资的措施

– Clear directives for compliance with economic sanctions

- 明确遵守经济制裁的指令

According to Dom Kwok, founder of the Web3 learning platform Easy A, these new provisions could make it more difficult for foreign issuers to comply with U.S. regulations, favoring local companies.

Web3 Learning Platform Easy A的创始人Dom Kwok表示，这些新规定可能会使外国发行人更难遵守美国法规，从而有利于本地公司。

The impact of the GENIUS Act on the financial sector

《天才法》对金融部门的影响

The preliminary approval of the bill is seen as the first step towards an integration between the traditional banking system and stablecoins. Lawyer Jeremy Hogan explained that the legislation is clearly outlining a future in which stablecoins will be a central part of the digital financial system.

该法案的初步批准被视为迈向传统银行体系和稳定股之间的整合的第一步。律师杰里米·霍根（Jeremy Hogan）解释说，该立法清楚地概述了一个未来，在该未来中，稳定者将成为数字金融体系的中心部分。

In a post published on March 10 on the X platform (formerly Twitter), Hogan stated that the legislation is laying the groundwork for a merger between stablecoins and traditional digital banks.

霍根（Hogan）在3月10日在X平台（以前是Twitter）上发表的一篇文章中说，该立法为Stablecoins与传统数字银行之间的合并奠定了基础。

This view was reinforced during the Crypto Summit at the White House on March 7, when Treasury Secretary Scott Bessent stated that the Trump administration plans to leverage stablecoins to maintain the US dollar as the global reserve currency.

3月7日在白宫的加密省会峰会上，这一观点得到了加强，当时财政部长斯科特·贝斯特（Scott Bessent）表示，特朗普政府计划利用稳定的稳定者将美元作为全球储备货币保持。

Towards the final approval

迈向最终批准

Despite the positive vote in committee, the GENIUS Act still needs to be approved by both chambers of Congress before it can be submitted to President Donald Trump for the final signature.

尽管在委员会中进行了积极的投票，但《天才法》仍需要得到国会的两个议会的批准，然后才能将其提交给唐纳德·特朗普总统进行最终签名。

The cryptocurrency industry is now eagerly awaiting future developments. The potential implementation of the regulation could represent a turning point for the regulation of stablecoins in the United States, finally providing clear rules for operators and investors.

现在，加密货币行业正在急切地等待未来的发展。该法规的潜在实施可能代表了美国稳定币的调节点，最终为运营商和投资者提供了明确的规则。