The official name of the #美国加密立法 bill is 'The Guiding and Establishing a National Stablecoin Innovation Act of the United States' (hereinafter referred to as the 'GENIUS Act'), which will regulate U.S. stablecoin issuers at the federal level. The 'stablecoin' in the bill refers to a type of cryptocurrency that is pegged to stable assets (such as the U.S. dollar, gold, etc.) to reduce price volatility and provide a stable store of value and medium of exchange. The most well-known stablecoins are USDT and USDC, both pegged to the U.S. dollar at a 1:1 ratio, together accounting for about 90% of the global stablecoin market value. The current members of the U.S. Senate Banking Committee include 13 Republicans and 10 Democrats. In addition to all Republican members, five Democratic members also voted in support of the bill, reflecting a certain degree of consensus between the two parties on cryptocurrency legislation.