web3: Foreign media: A delay in the US crypto market structure bill may not necessarily be a bad thing
CoinDesk
12h ago
Ai Focus
CoinDesk reports that the U.S. Senate has postponed the advancement of the crypto market structure bill, possibly to gain time for subsequent negotiations.
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CoinDesk评论称,美国参议院不会在 8 月休会前就《数字资产市场清晰法案》进行程序性表决。尽管这一结果令加密行业失望,但文章认为,与其在分歧尚未弥合时仓促投票,不如把时间留给后续谈判。

8月不投票,年内难度上升

参议院多数党领袖上周晚些时候表示,参议院本月不会推进该法案的程序性表决。这意味着法案年内完成立法的机会进一步下降,是否能在 9 月中旬议员返会后继续推进,仍存在不确定性。

文章认为,即便上周真的安排表决,法案也未必能取得实质进展。原因在于,围绕法案的未决问题仍然很多,单是推动程序性投票就已相当困难。

特朗普利益关联成主要阻力

报道提到,民主党议员对特朗普的加密商业关联已持续表达担忧。相关疑虑最早可追溯至 2025 年 5 月《GENIUS 稳定币法案》谈判期间,而特朗普申报的 14 亿美元利润,则让这类担忧进一步具体化。

文章称,这一伦理问题已成为谈判中的核心障碍之一。除总统商业利益外,稳定币收益与奖励机制等议题也重新引发争论,使得法案在休会前很难获得足够支持。

仓促失败或比延后更糟

文章认为,行业虽然希望尽快投票,但真正关键的不是是否投票,而是能否通过。如果法案在上周的程序性表决中失利,可能会严重削弱其后续推进空间,尤其是在距离选举只剩数月、国会又将进入长休会的背景下。

多名知情人士对 CoinDesk 表示,要争取足够多民主党议员支持,仍需达成更有实质内容的协议。部分观察人士认为,白宫若不接受更明确的伦理条款调整,一些原本可能支持法案的民主党人很难转向。

不过,文章也指出,并非只有民主党存在疑虑。随着部分共和党议员也开始公开表达担心,法案受阻已不再是单一党派问题。

9月谈判仍是关键窗口

支持者并未放弃。参议员 Angela Alsobrooks 表示,相关工作仍将继续,目标是把法案内容进一步完善。参议员 Cynthia Lummis 也称,不会就此放弃推动行业在美国获得更清晰的监管规则。

文章最后认为,8 月并非真正的硬性截止点,更像是行业原本期待的时间表。法案是否还有通过机会,将取决于未来五周参议院能否就伦理条款及其他争议内容达成可接受的妥协。

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