《天才法》：系绳美国行动的重大障碍

Tether的美国行动面临着巨大的障碍，这是Hagerty参议员的天才法案的潜在颁布。该法案旨在带来Stablecoin

Senator Hagerty’s GENIUS Act poses a substantial challenge to Tether's US operations. The bill aims to place stablecoin issuers like Tether (USDT) and USD Coin (USDC) under the supervision of the Federal Reserve.

Hagerty参议员的天才法案对Tether的美国行动构成了重大挑战。该法案旨在将稳定的发行人置于美联储的监督下，例如Tether（USDT）和USD Coin（USDC）。

Backed by Senators Scott, Gillibrand, and Lummis, the bill outlines federal regulations for stablecoin issuers with over $10 billion and state regulations for smaller issuers. According to Hagerty, the bill aligns with Trump’s crypto vision, ensuring U.S. dollar dominance in digital finance. Senate staff anticipate rapid progress through committees, with the White House expressing support for stablecoin legislation.

在参议员斯科特（Scott），吉利布兰德（Gillibrand）和卢米斯（Lummis）的支持下，该法案概述了对斯塔布尔币发行人的联邦法规，对较小发行人的法规超过100亿美元和州法规。根据Hagerty的说法，该法案与特朗普的加密愿景相吻合，确保了数字融资中的美元统治地位。参议院的工作人员预计，白宫表示支持稳定法律，预计通过委员会将取得迅速的进展。

“This bill is similar to the Clarity Act in the House and a priority for the Congress and Trump Admin to pass this term.”

“该法案类似于众议院的《 Clarity Act》，也是国会和特朗普管理员通过该学期的优先事项。”

However, some believe that the bill would essentially prevent Tether from operating in the US. The proposed legislation would impose stringent requirements that Tether might not currently be able to meet, an analyst noted.

但是，有些人认为该法案基本上会阻止系绳在美国运作。一位分析师指出，拟议的立法将施加严格的要求，特ether可能目前可能无法满足。

These include mandatory authorization by the Comptroller of the Currency for issuers with over $10 billion in reserves, regular attestations from a US public accounting firm with CEO and CFO signatures subject to criminal penalties, and restrictions on reserve assets to US Treasury bills, cash, and reverse repos.

其中包括该货币审计长的强制性授权，以超过100亿美元的储备金的发行人，由美国公共会计师事务所的定期证明与首席执行官和CFO签名受刑事处罚，以及对储备金对美国财政部，现金，现金和现金和现金和现金和现金和现金和现金和现金的限制反向存储库。

Compliance with these requirements presents significant hurdles for Tether. Its current practices, such as using a foreign auditor, holding a substantial portion of reserves in assets other than cash and US Treasury bills, and its approach to reserve segregation, appear to fall short of the proposed standards.

遵守这些要求带来了束缚的重大障碍。其目前的做法，例如使用外国审计师，在现金和美国国库账单以外的其他资产中拥有很大一部分储量，以及其保留种族隔离的方法，似乎符合拟议的标准。

Hoskinson: Tether Could Buy Its Way to Compliance

霍斯金森：系绳可以买到合规的方式

Opponents of the bill, on the other hand, argue that it stifles innovation and paves the way for a central bank digital currency (CBDC) through stablecoins.

另一方面，该法案的反对者认为，它扼杀了创新，并通过Stablecoins为中央银行数字货币（CBDC）铺平了道路。

This is everything you need to know about the GENIUS Act. This bill stifles free-market innovation, gives power to large banks and regulators, effectively destroys algorithmic stablecoins, and provides a glide path for a CBDC via stablecoins.

这就是您需要了解的有关天才行为的一切。该法案扼杀了自由市场的创新，为大型银行和监管机构提供了权力，有效地破坏了算法稳定的stablecoins，并通过Stablecoins为CBDC提供了滑行路径。

Cardano Founder Charles Hoskinson suggested that Tether with its $13 billion annual profit, could use its financial strength to acquire existing entities that already meet regulatory standards. This would allow them to offer a compliant stablecoin within the US market.

Cardano创始人查尔斯·霍斯金森（Charles Hoskinson）建议，以其130亿美元的年利润束缚，可以利用其财务实力获得已经符合监管标准的现有实体。这将使他们能够在美国市场内提供合规的Stablecoin。

While Tether's future plans are uncertain, the GENIUS Act could indelibly reshape the stablecoin industry and the entities operating within it.

尽管Tether的未来计划尚不确定，但《天才法案》可能会不可磨灭地重塑Stablecoin行业及其内部运作的实体。