美国立法者将进行有关Stablecoin法规的激烈辩论

Stablecoin发行人Paxos的联合创始人兼首席执行官Charles Cascarilla计划在众议院金融服务委员会作证

Key stablecoin industry leaders will be outlining their vision for the future of digital asset oversight when US lawmakers reconvene this week for a heated debate on stablecoin regulation.

当美国立法者本周重新为Stablecoin监管进行激烈的辩论时，关键的Stablecoin行业领导者将概述他们对数字资产监督未来的愿景。

Among them, Charles Cascarilla, co-founder and CEO of Paxos, is scheduled to testify before the House Financial Services Committee on Tuesday, urging lawmakers to establish “cross-jurisdictional reciprocity” in stablecoin regulations.

其中，Paxos的联合创始人兼首席执行官查尔斯·卡斯卡里拉（Charles Cascarilla）计划于周二向众议院金融服务委员会作证，敦促立法者在Stablecoin法规中建立“跨司法部门互惠”。

In his prepared testimony, Cascarilla flagged concerns about the existing hurdles in the adoption of Paxos’ Global dollar (USDG) stablecoin due to it being issued via a regulated affiliate in Singapore.

卡斯卡里拉（Cascarilla）在他准备的证词中提出了人们对采用Paxos的全球美元（USDG）Stablecoin现有障碍的担忧，因为它是通过新加坡受监管的分支机构发布的。

“We fear that products like Paxos’ Global dollar stablecoin, issued by a regulated affiliate in Singapore, will languish while departments and agencies make their determinations,” the Paxos CEO wrote in his speech.

Paxos首席执行官在演讲中写道：“我们担心由新加坡受监管的分支机构发行的Paxos的全球Dollar Stablecoin等产品会在部门和代理商做出决定时会感到沮丧。”

The US must act to prevent regulatory stablecoin arbitrage

美国必须采取行动防止监管稳定套利

Cascarilla recommended US lawmakers strengthen the current “international reciprocity language” to include clearly defined and accelerated timelines for the US Treasury Department to designate overseas jurisdictions for stablecoin regulation.

卡斯卡里拉（Cascarilla）建议美国立法者加强当前的“国际互惠语言”，以包括明确定义和加速的时间表，以指定斯塔布莱卡因法规的海外司法管辖区。

“This timeframe would force swift action and prevent bureaucratic delays while guaranteeing thorough scrutiny of foreign regulatory regimes,” the executive said.

这位高管说：“这个时间表将迫使迅速采取行动并防止官僚延误，同时保证对外国监管制度进行彻底审查。”

Source: House.gov

资料来源：House.gov

The executive noted that potential delays in applying such action would be a major hurdle in the adoption and distribution of USDG in the US as well as cross-border operations.

高管指出，采取此类行动的潜在延误将是美国USDG采用和分配美国以及跨境运营的重大障碍。

“Reciprocity is not about lowering standards — it’s about raising them globally,” Cascarilla said, adding:

卡斯卡里拉（Cascarilla）补充说：“互惠并不是要降低标准，而是要在全球范围内提高标准。”

Paxos stablecoins were deemed non-compliant in the EU

paxos稳定剂在欧盟中被认为是不合规的

Cascarilla’s remarks come amid some Paxos-issued stablecoins facing compliant issues in the European Union following the enforcement of Europe’s crypto regulation framework, the Markets in Crypto-Assets Regulation (MiCA).

卡斯卡里拉（Cascarilla）的言论是在欧洲加密资产管理公司（MICA）市场执行欧洲加密货币监管框架之后，在欧盟中面临符合符合性问题的一些符合符合性问题的言论。

Since the MiCA framework went into full force in December 2024, multiple crypto asset service providers in the EU — including Crypto.com and Coinbase — have announced delistings of Paxos stablecoins like Pax dollar (PAX) and Pax gold (PAXG).

自2024年12月云母框架全力以赴以来，欧盟的多个加密资产服务提供商（包括Crypto.com和Coinbase）宣布了Paxos Stablecoins（如Pax Dollar（Pax）和Pax Gold（Paxg）（PAXG）的paxos stablecoins。

While Paxos’ Cascarilla is now calling the US for urgent action in forcing a global framework for stablecoin issuers that are regulated outside of the US, some industry CEOs have urged all stablecoin firms to get regulated domestically instead.

尽管Paxos的Cascarilla现在正在呼吁美国采取紧迫的行动，以强迫在美国以外受到监管的Stablecoin发行人的全球框架，但一些行业首席执行官敦促所有Stablecoin企业代替国内受到监管。

In February, Circle co-founder Jeremy Allaire argued that all dollar-based stablecoin issuers should register in the US, citing consumer protection and fair competition in the crypto market. He stated:

2月，Circle联合创始人Jeremy Allaire认为，所有基于美元的Stablecoin发行人都应在美国注册，理由是消费者保护和加密货币市场公平竞争。他说：

Issued and regulated in the US, Circle’s USDC (USDC) stablecoin was officially approved as the first MiCA-compliant stablecoin in 2024.

Circle的USDC（USDC）Stablecoin在美国发行和监管，被正式批准为2024年的第一个符合云母的Stablecoin。