天才法：Stablecoin法规的最新更新

Hagerty参议员强调，强大的Stablecoin创新具有巨大的潜力。从提高交易效率到不断提高美国国债的需求。

An updated version of the GENIUS Act stablecoin bill has been presented by Senator Bill Hagerty and co-sponsors Senators Tim Scott, Cynthia Lummis, and Kirsten Gillibrand.

参议员比尔·哈格蒂（Bill Hagerty）和共同发起人参议员蒂姆·斯科特（Tim Scott），辛西娅·卢米斯（Cynthia Lummis）和柯斯滕·吉利布兰德（Kirsten Gillibrand）提出了《天才法案》的更新版本。

First introduced in February, the revised bipartisan legislation incorporates feedback from a broad range of industry participants. It includes several key modifications to improve and advance the regulatory framework for stablecoins in the US.

修订后的两党立法首次推出，涵盖了来自广泛行业参与者的反馈。它包括几个关键修改，以改善和推进美国稳定的监管框架。

Senator Hagerty highlighted the vast potential of strong stablecoin innovation, ranging from boosting transaction efficiency to increasing demand for US Treasuries.

Hagerty参议员强调了强大的Stablecoin创新的巨大潜力，从提高交易效率到对美国国债的需求不断提高。

“My legislation will establish a safe and pro-growth regulatory framework that will unleash innovation and advance the President’s mission to make America the world capital of crypto,” he said.

他说：“我的立法将建立一个安全而增长的监管框架，该框架将释放创新，并促进总统使美国成为世界首都加密货币的使命。”

The most notable update is the expansion of “Reciprocity for Payment Stablecoins Issued in Overseas Jurisdictions.” The original bill addressed cross-border stablecoin issuance. However, the new version broadens this section to include specific requirements for overseas stablecoins.

最值得注意的更新是扩展“在海外司法管辖区发行的付款稳定股的互惠”。原始法案涉及跨境稳定发行。但是，新版本扩大了本节的范围，以包括海外稳定的特定要求。

It mandates the Secretary of the Treasury to establish reciprocal arrangements with countries displaying similar regulatory frameworks. These arrangements cover reserve requirements, supervision, anti-money laundering, sanctions compliance, and liquidity standards. These aim to enhance international transactions and interoperability with US dollar-denominated stablecoins. The bill sets a two-year deadline for completing these agreements.

它要求财政部长与展示类似监管框架的国家建立相互安排。这些安排涵盖了储备要求，监督，反洗钱，制裁合规性和流动性标准。这些旨在增强国际交易和与美元计价的Stablecoins的互操作性。该法案设定了完成这些协议的两年截止日期。

The updated GENIUS Act expands the definition of a “Comptroller-regulated entity” to include both Federal qualified nonbank payment stablecoin issuers and any organization authorized by the Comptroller.

《更新的天才法》扩展了“主计监管实体”的定义，以包括联邦合格的非银行支付稳定发行人和主计长授权的组织。

Moreover, the bill introduces new rules for issuers regarding blocking transactions and following legal orders. The Secretary of the Treasury must consult with issuers before blocking transactions involving a foreign person’s property. However, the Secretary does not need to notify the issuer before taking action.

此外，该法案为发行人介绍了有关阻止交易和遵循法律命令的新规则。财政部长必须在阻止涉及外国财产的交易之前与发行人协商。但是，秘书在采取行动之前无需通知发行人。

The Act also demands that issuers have the technology to follow legal orders. These issuers must be capable of freezing, seizing, or stopping the transfer of stablecoins if required by law. Issuers cannot offer or trade foreign stablecoins in the US unless they meet the Act’s legal obligations.

该法案还要求发行人具有遵循法律命令的技术。这些发行人必须能够在法律要求的情况下冻结，扣押或停止稳定的转移。除非履行该法案的法律义务，否则发行人不能在美国提供或交易外国稳定。

“The updated version of the GENIUS ACT makes significant improvements to a number of important provisions, including consumer protections, authorized stablecoin issuers, risk mitigation, state pathways, insolvency, transparency, and more,” Senator Gillibrand stated.

参议员吉利布兰德说：“《天才法案》的更新版本对许多重要的规定有了重大改进，包括消费者保护，授权的稳定发行人，降低风险，国家途径，破产，透明度等。”

The GENIUS Act’s reintroduction occurs amid a broader push for cryptocurrency regulation in the US. On March 13, 2025, at 10:00 a.m. ET, the Senate Committee on Banking, Housing, and Urban Affairs will hold an executive session to review the bill.

天才法案的重新引入发生在美国加密货币调节的广泛推动下。 2025年3月13日，美国东部时间上午10:00，参议院银行，住房和城市事务委员会将举行执行会议，以审查该法案。