#美国加密立法 The US Stablecoin Bill May Pass on May 26, Provisions Targeting the Trump Family Removed

The US Senate plans to pass the "National Innovation Stablecoin Guidance and Establishment Act" (GENIUS Act) as early as May 26. This bill aims to establish a federal regulatory framework for stablecoins. Previously, Democrats had blocked its progress on May 8 due to concerns that the bill could allow former President Trump and his family to profit from cryptocurrency projects. To reach a consensus, provisions targeting the Trump family have been removed from the bill.

Background and Controversy

• Purpose of the Bill: The GENIUS Act aims to establish a federal regulatory framework for stablecoins, ensuring their safety and stability while promoting innovation.

• Democratic Concerns: Democrats were concerned that the bill could allow Trump and his family to profit from cryptocurrency projects, particularly projects like Meme coins that the Trump family might launch.

• Removal of Provisions: To reach a consensus, provisions targeting the Trump family have been removed from the bill.

Political Maneuvering and Bill Amendments

• Democratic Position: Democratic Senator Kirsten Gillibrand stated that the wording of the bill has been amended, removing provisions related to Trump’s cryptocurrency projects, such as Meme coins.

• Bill Improvements: Gillibrand emphasized that the amended bill has improvements in areas such as consumer protection and is not focused on Trump's ethical issues, but rather aims to regulate the stablecoin sector.