美国参议院延迟审议后,加密法案的通过窗口期变得狭窄

cryptonews.ruPubblicato 2026-08-11Pubblicato ultima volta 2026-08-11

Introduzione

尽管参议院将在9月复会后对《数字资产市场清晰度法案》(CLARITY)进行结束辩论投票,但该法案仍面临重大障碍。在仅剩的36个立法工作日窗口期内,行业支持者虽公开表示乐观,但立法者尚未就多项争议条款达成一致,其中包括涉及前总统特朗普与数字资产关联的伦理规范,以及对加密公司提供稳定币奖励的额外限制。 自众议院去年通过该法案以来,参议院已审议13个月,其间遭遇多次政府停摆、行业领袖反对及民主党人的阻力。即便9月能通过程序投票,立法者也只有寥寥数日解决分歧,然后便将进入选举冲刺期。11月中期选举后的国会格局可能使法案讨论进一步复杂化。 在立法进程悬而未决之际,行业期待美国商品期货交易委员会(CFTC)和证券交易委员会(SEC)能提供监管确定性。两位机构主席均表示,若国会未能通过CLARITY,他们已准备并愿意制定相关规则以监管加密货币市场,同时两机构已采取措施协调对金融市场的监督。

在美国参议院九月复会后,预计将就终止《数字资产市场清晰法案》辩论进行投票,但该法案在成为法律的道路上仍然面临重大障碍。

就在上周参议院进入一个月休会期之前,多数党领袖约翰·图恩提出了结束针对《加密市场结构法案》辩论的动议,以便将其提交全体会议审议。立法者将于9月14日结束休会返回,但在十一月大选前的下一次休会前,他们只安排了14个开会日,而到今年年底前,则还有22个开会日。

在这总计36天的通过《清晰法案》的窗口期内,许多加密行业的支持者公开表达了对该法案在国会前景的乐观态度,但立法者尚未宣布就许多仍具争议的条款达成协议。其中包括涉及美国总统唐纳德·特朗普与数字资产关系的道德规范,以及对提供稳定币奖励的加密公司的额外限制。

自去年众议院通过《清晰法案》以来,参议院有13个月的时间进行审议。在此期间,参议院遭遇了数次政府停摆,行业领袖的反对,以及许多民主党人的抵制。民主党人声称,当时的法案版本为所谓的特朗普“加密腐败”创造了条件。

相关内容:克里斯·珀金斯:如果《清晰法案》未通过,加密行业将‘安然无恙’

即使参议院在九月进行了终止辩论的投票,立法者也只剩下几天时间来解决与法案相关的问题,然后才可能进行全体投票并进入选举前休会期。十一月之后,当参议院33个席位和众议院全部435个席位将进行改选时,中期选举结果可能会使法案的讨论复杂化:许多国会议员可能会在2027年离任。

立法不确定性下,美国监管机构加紧行动?

随着市场结构法案再次被搁置至少一个月,许多专家期待金融监管机构,如商品期货交易委员会和证券交易委员会,能在监管清晰度问题上发挥作用。预计该法案将赋予CFTC更大的监督数字资产和执行相关规则的权力,但在其等待审议期间,这些机构已明确表示,如果国会不采取行动,它们将会行动。

在七月的一次采访中,SEC主席保罗·阿特金斯表示,如果国会不通过《清晰法案》,该机构“准备、愿意且有能力制定规则”来监管加密货币。同样,CFTC主席迈克尔·塞利格在四月表示,该委员会“准备承担责任”监督加密市场,不过他的声明是基于立法者通过了市场结构法案的前提。两个机构都已采取措施协调对金融市场的监管。

杂志报道:BIP-110悄然落幕,CLARITY法案投票推迟:Hodler's文摘摘要,8月9日

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Domande pertinenti

Q美国参议院对《数字资产市场清晰法案》(CLARITY)进行辩论结束投票后,面临的主要时间压力是什么?

A参议院在9月14日复会后,到11月中期选举前仅有14个议事日,加上年底前的22天,总计只有36个立法工作日。在这段极为有限的时间内,参议院需要解决法案中许多争议条款,并完成全院投票,否则可能因选举后的政治变数而受阻。

QCLARITY法案目前在参议院面临哪些主要争议点?

A主要争议点包括:1. 涉及美国总统特朗普与数字资产联系的道德规范问题;2. 对提供稳定币奖励的加密货币公司的额外限制条款。这些分歧导致民主党和行业内部存在反对声音,部分人曾指责法案为“加密腐败”创造了条件。

Q如果CLARITY法案在国会未能通过,哪些美国监管机构可能采取行动?

A如果国会立法停滞,美国商品期货交易委员会(CFTC)和美国证券交易委员会(SEC)预计将主动采取措施提供监管指引。SEC主席和CFTC代理主席均已公开表示,在国会不作为的情况下,各自机构已准备好并愿意制定相关规则来监管加密货币市场。

QCLARITY法案的立法进程已经延迟了多久?此前遇到了哪些主要障碍?

A自去年众议院通过CLARITY法案以来,该法案在参议院的审议已延迟了13个月。期间遇到的主要障碍包括:多次政府停摆威胁、行业领袖的反对、以及许多民主党议员的抵制,他们认为当时的法案版本为所谓的特朗普“加密腐败”创造了条件。

Q2024年11月的中期选举结果可能会如何影响CLARITY法案的未来?

A11月的中期选举将改选33个参议院席位和全部435个众议院席位,选举结果可能使法案的讨论复杂化。许多现任国会议员可能在2027年离任,政治格局的潜在变化可能影响法案的支持度,使其在选举后的“跛脚鸭”会期内或新一届国会中通过更加困难。

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