#美国稳定币法案
US Stablecoin Bill Faces Obstacles: Democrats Express Opposition
On May 4, 2025, according to Politico, the "GENIUS Stablecoin Bill" (Guiding and Establishing National Innovation for US Stablecoins) has encountered significant resistance.
Ten Senate Democrats, led by Senator Ruben Gallego from Arizona, have publicly stated their opposition to the bill, citing its inadequate regulatory measures regarding anti-money laundering (AML), national security, and financial stability, which fail to effectively protect investors and market security.
The bill aims to establish a federal regulatory framework for payment stablecoins, allowing issuers with a market capitalization below $1 billion to opt for state-level regulation, thus raising disputes over federal versus state authority. Democrats warn that the bill's loopholes could lead to systemic risks, potentially recreating a collapse crisis similar to that of Terra Luna. Currently, the bill is set for a full Senate vote before May 26, but the opposition may force significant modifications or even delay its passage.
The industry has divided opinions on the bill's prospects; supporters believe it will benefit crypto innovation, while opponents call for stricter federal regulation. The future direction of the #USStablecoinBill is of keen interest.
