#美国稳定币法案 #US Stablecoin Bill

The stablecoin regulatory draft recently discussed by the US Congress focuses on requiring issuing institutions to increase the transparency of reserve disclosures and to be incorporated into the banking regulatory framework. If the bill passes, compliance pressure will likely drive small issuers out of the market, thereby increasing the trustworthiness of products from large institutions and market concentration. For traders, there may be short-term risks of some high-risk stablecoins facing liquidation; in the long term, stricter regulations can help stabilize the overall cryptocurrency ecosystem, attracting more traditional financial institutions and retail investors. However, excessive regulation may also stifle innovation—the balance lies in the delicate balance between 'ensuring the safety of user funds' and 'maintaining market vitality.'