[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"article-clarity-act-edits-stablecoin-rules-zh":3,"article-related-clarity-act-edits-stablecoin-rules-zh":31,"series-blockchain-09ccca72-e435-49b0-8dd6-cd85e0ac756a":77},{"id":4,"slug":5,"title":6,"content":7,"summary":8,"source":9,"source_url":10,"author":11,"image_url":12,"cover_image":12,"category":13,"language":14,"translated_content":11,"related_article_id":15,"keywords":16,"key_takeaways":24,"views":28,"created_at":29,"published_at":30,"topic_cluster_id":11},"09ccca72-e435-49b0-8dd6-cd85e0ac756a","clarity-act-edits-stablecoin-rules-zh","4 項修正，Clarity Act 可能改寫穩定幣規則","\u003Cp>Clarity Act 下一版草案會怎麼改，才會影響\u003Ca href=\"\u002Ftag\u002F穩定幣\">穩定幣\u003C\u002Fa>、銀行存款和倫理條款？\u003C\u002Fp>\u003Cp data-speakable=\"summary\">這篇整理 4 項 Clarity Act 可能調整的重點，幫你判斷穩定幣規則會往哪裡走。\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>項目\u003C\u002Fth>\u003Cth>規格 A\u003C\u002Fth>\u003Cth>規格 B\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>倫理條款\u003C\u002Ftd>\u003Ctd>兩黨版本已送白宮\u003C\u002Ftd>\u003Ctd>可能緩和黨派分歧\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>穩定幣利息條款\u003C\u002Ftd>\u003Ctd>仍受銀行業施壓\u003C\u002Ftd>\u003Ctd>牽動存款競爭\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>circuit breaker\u003C\u002Ftd>\u003Ctd>存款轉移過快時可介入\u003C\u002Ftd>\u003Ctd>偏向風險煞車\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GENIUS Act 連動修正\u003C\u002Ftd>\u003Ctd>技術性條文整併中\u003C\u002Ftd>\u003Ctd>影響最終監管範圍\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch2>1. 兩黨倫理條款先重寫\u003C\u002Fh2>\u003Cp>Clarity Act 這次最先浮上檯面的，不是技術規則，而是倫理條款。\u003Ca href=\"https:\u002F\u002Fwww.ledgerinsights.com\u002F\">Ledger Insights\u003C\u002Fa> 引述的報導指出，共和黨參議員 Thom Tillis 和民主黨參議員 Ruben Gallego 已把一份兩黨倫理方案送交白宮，代表法案還在談，不是定稿。\u003C\u002Fp>\n\u003Cfigure class=\"my-6\">\u003Cimg src=\"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1785888164048-7cia.png\" alt=\"4 項修正，Clarity Act 可能改寫穩定幣規則\" class=\"rounded-xl w-full\" loading=\"lazy\" \u002F>\u003C\u002Ffigure>\n\u003Cp>這類條文看起來像附帶議題，實際上卻會影響整包法案能不能過關。若倫理設計能讓雙方都接受，後續穩定幣條款才比較有機會維持政治支持。\u003C\u002Fp>\u003Cul>\u003Cli>推動者：Thom Tillis、Ruben Gallego\u003C\u002Fli>\u003Cli>狀態：已送白宮\u003C\u002Fli>\u003Cli>作用：降低黨派摩擦\u003C\u002Fli>\u003C\u002Ful>\u003Ch2>2. 穩定幣利息條款仍是火線\u003C\u002Fh2>\u003Cp>真正的爭議核心，是穩定幣能不能付利息。銀行業持續反對這一條，\u003Ca href=\"https:\u002F\u002Fpunchbowl.news\u002F\">Punchbowl News\u003C\u002Fa> 的報導還提到，部分共和黨人也開始靠向銀行陣營，讓條文面臨更大修訂壓力。\u003C\u002Fp>\u003Cp>原因很直接：如果穩定幣可以提供利息，它就更像存款替代品，會直接碰到銀行資金來源。這也是為什麼這一條不只是加密貨幣內部規則，而是牽涉整個金融市場的競爭邊界。\u003C\u002Fp>\u003Cul>\u003Cli>爭點：是否可付利息\u003C\u002Fli>\u003Cli>反對方：銀行業\u003C\u002Fli>\u003Cli>外溢影響：可能分流存款\u003C\u002Fli>\u003C\u002Ful>\u003Ch2>3. 存款外流的煞車器\u003C\u002Fh2>\u003Cp>Thom Tillis 提過一個更技術性的折衷方案：circuit breaker。概念是，如果銀行存款大量轉向穩定幣，監管機關可以介入，避免資金流動太快把銀行體系推進壓力區。\u003C\u002Fp>\n\u003Cfigure class=\"my-6\">\u003Cimg src=\"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1785888161071-26z0.png\" alt=\"4 項修正，Clarity Act 可能改寫穩定幣規則\" class=\"rounded-xl w-full\" loading=\"lazy\" \u002F>\u003C\u002Ffigure>\n\u003Cp>這種設計的重點，不是禁止創新，而是替市場加一個條件式保護。它比直接刪掉利息條款更柔性，也更像立法者在尋找可接受的中間路線。\u003C\u002Fp>\u003Cul>\u003Cli>機制：觸發式監管介入\u003C\u002Fli>\u003Cli>條件：存款明顯轉移\u003C\u002Fli>\u003Cli>目標：降低銀行壓力\u003C\u002Fli>\u003C\u002Ful>\u003Ch2>4. GENIUS Act 的技術修補一起進來\u003C\u002Fh2>\u003Cp>報導還指出，最新草案正把與 \u003Ca href=\"https:\u002F\u002Fwww.congress.gov\u002F\">GENIUS Act\u003C\u002Fa> 相關的技術性修正一起納入。這表示立法者沒有把兩部法案\u003Ca href=\"\u002Fnews\u002Frust-enums-first-class-database-primitive-zh\">當成\u003C\u002Fa>彼此無關的文件，而是在調整相互銜接的監管語言。\u003C\u002Fp>\u003Cp>對市場來說，這一段最值得盯。技術性修正常常不會登上標題，但它會決定誰被納管、穩定幣怎麼被定義，以及最後的法案是更清楚，還是多出一堆灰色地帶。\u003C\u002Fp>\u003Cul>\u003Cli>連動法案：GENIUS Act\u003C\u002Fli>\u003Cli>修正類型：技術性條文\u003C\u002Fli>\u003Cli>可能結果：影響監管邊界\u003C\u002Fli>\u003C\u002Ful>\u003Ch2>哪種讀者最該盯這份草案\u003C\u002Fh2>\u003Cp>如果你在看國會加密政策，先盯倫理條款，因為它最能透露法案還有多少可談\u003Ca href=\"\u002Fnews\u002Faurora-lm-continuous-latent-diffusion-text-zh\">空間\u003C\u002Fa>。若你更在意銀行風險，circuit breaker 是最實用的訊號，代表立法者\u003Ca href=\"\u002Fnews\u002Fkimi-k3-jiu-kai-shi-gei-zi-ji-da-gong-liao-zh\">已經\u003C\u002Fa>在想存款外流的後果。\u003C\u002Fp>\u003Cp>如果你是做穩定幣或金融產品規劃，穩定幣利息條款和 GENIUS Act 連動修正要一起看。這兩塊會決定 Clarity Act 最終是成為清晰框架，還是變成一份保守但更難爭議的折衷案。\u003C\u002Fp>","4 項 Clarity Act 修正可能影響倫理條款、銀行存款流向與穩定幣利息規則，下一版草案最值得追的就是這些變化。","www.ledgerinsights.com","https:\u002F\u002Fwww.ledgerinsights.com\u002Fclarity-act-new-ethics-provision-proposed-stablecoin-technical-fixes-explored\u002F",null,"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1785888164048-7cia.png","blockchain","zh","b3114915-43d2-42f5-af95-13e5ff524314",[17,18,19,20,21,22,23],"Clarity Act","stablecoin","ethics provision","bank deposits","GENIUS Act","circuit breaker","crypto regulation",[25,26,27],"兩黨倫理條款顯示法案仍在協商，並非定稿。","穩定幣利息條款是最大爭點，直接牽動銀行存款競爭。","circuit breaker 與 GENIUS Act 修正，會決定最終監管邊界。",0,"2026-08-05T00:02:21.686304+00:00","2026-08-05T00:02:21.676+00:00",{"tags":32,"relatedLang":36,"relatedPosts":40},[33,34],{"name":18,"slug":18},{"name":17,"slug":35},"clarity-act",{"id":15,"slug":37,"title":38,"language":39},"clarity-act-edits-stablecoin-rules-en","Clarity Act edits could reshape stablecoin rules","en",[41,47,53,59,65,71],{"id":42,"slug":43,"title":44,"cover_image":45,"image_url":45,"created_at":46,"category":13},"e60640b6-c889-4a19-a58d-18cc1b29c65f","layer-2-vs-layer-3-38b-tvl-trade-off-zh","Layer 2 讓你選對 Layer 3","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1785918808166-c1xm.png","2026-08-05T08:32:58.701182+00:00",{"id":48,"slug":49,"title":50,"cover_image":51,"image_url":51,"created_at":52,"category":13},"65e3b9a7-67a3-4449-bae7-6e443d3c5681","layer-2-rollup-development-setup-guide-zh","Layer 2 Rollup 開發部署指南","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1785916977323-xqqd.png","2026-08-05T08:02:26.261447+00:00",{"id":54,"slug":55,"title":56,"cover_image":57,"image_url":57,"created_at":58,"category":13},"84e30a7b-e013-47c5-8904-d5ba5ce5da73","layer-2s-cut-crypto-fees-but-bridges-decide-risk-zh","Layer 2 降低加密費用，但橋接才決定風險","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1785915167945-e9xr.png","2026-08-05T07:32:21.847682+00:00",{"id":60,"slug":61,"title":62,"cover_image":63,"image_url":63,"created_at":64,"category":13},"0677980a-c22e-451c-b638-fe4ec811a88f","4-banks-building-2027-stablecoin-rival-zh","4 家銀行押注 2027 存款代幣競爭","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1785589367155-6jzs.png","2026-08-01T13:02:20.725197+00:00",{"id":66,"slug":67,"title":68,"cover_image":69,"image_url":69,"created_at":70,"category":13},"10f5cb95-b8ac-4f49-bdf0-05c5febd33d7","stablecoin-rules-digital-dollars-work-zh","5 條穩定幣規則，先看懂再決定要不要用","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1785587565079-dq0h.png","2026-08-01T12:32:22.628473+00:00",{"id":72,"slug":73,"title":74,"cover_image":75,"image_url":75,"created_at":76,"category":13},"3f2d77cd-205a-4e6e-9a93-3ac63d95ab03","solana-institutional-push-gets-louder-zh","Solana 正在被主流金融接住","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1785418389693-411d.png","2026-07-30T13:32:39.437872+00:00",[78,83,88,93,98,103,108,113,118,123],{"id":79,"slug":80,"title":81,"created_at":82},"e1b4b518-f86b-410c-8c82-8cfb787ff2ef","moonpay-open-wallet-standard-ai-payments-zh","MoonPay 推 OWS，瞄準 AI 付款","2026-03-28T03:08:33.379969+00:00",{"id":84,"slug":85,"title":86,"created_at":87},"e72bae29-ddbd-437b-aaa4-cd662605394b","next-gen-crypto-simulators-ai-web3-training-zh","新一代加密模擬器更聰明了","2026-04-01T09:36:33.917023+00:00",{"id":89,"slug":90,"title":91,"created_at":92},"b8e39b58-6b9d-4714-92d3-26df18a3e0f4","rtk-cuts-claude-code-token-spend-zh","RTK 讓 Claude Code 少燒 Token","2026-04-01T10:24:29.259497+00:00",{"id":94,"slug":95,"title":96,"created_at":97},"7ff10146-4ca0-4670-a02c-384dde04f610","trm-labs-ai-agents-crypto-investigations-zh","TRM Labs 將 AI agent 帶進加密調查","2026-04-01T10:33:30.166266+00:00",{"id":99,"slug":100,"title":101,"created_at":102},"00668dea-9f0e-4019-b861-03817d5a8877","how-web3-marketing-changed-in-2026-zh","2026 Web3 行銷怎麼變了","2026-04-02T01:36:34.973322+00:00",{"id":104,"slug":105,"title":106,"created_at":107},"e7992274-42ee-40bc-bb05-97250098c56c","ai-agentic-defi-web3-grants-march-2026-zh","AI、Agentic DeFi 與 Web3 補助案","2026-04-02T05:51:36.857954+00:00",{"id":109,"slug":110,"title":111,"created_at":112},"5cef810b-af3d-467a-8b41-627769eca895","why-crypto-is-fixated-on-ai-agents-zh","為何加密圈盯上 AI Agent","2026-04-02T05:54:28.919864+00:00",{"id":114,"slug":115,"title":116,"created_at":117},"d30e6203-d522-41a1-b529-fcf4499cd985","web3-explained-what-it-is-why-it-matters-zh","Web3 是什麼，為何重要","2026-04-02T06:15:32.580114+00:00",{"id":119,"slug":120,"title":121,"created_at":122},"f29e65ae-64df-463b-ba22-afd9dcbd0f8f","trust-wallet-agent-kit-ai-trade-25-chains-zh","Trust Wallet 讓 AI 幫你交易","2026-04-02T06:27:33.183404+00:00",{"id":124,"slug":125,"title":126,"created_at":127},"91022b4c-b53e-4c18-abfe-914a8eca6e28","blockchain-in-ai-real-use-cases-zh","區塊鏈加 AI，真實落地在哪裡","2026-04-02T06:30:44.026286+00:00"]