币界网报道：The proposed "Stablecoin Innovation and Protection Act of 2023" (also called the "Genius Act") could significantly impact retail stablecoin usage and traditional banking relationships, according to industry experts. The bill, introduced by US Congressman Josh Gottheimer, aims to create a regulatory framework for stablecoins while preserving dollar dominance. Key provisions include requiring stablecoin issuers to maintain 1:1 reserves in cash or short-term Treasury bills, and mandating that non-bank issuers partner with insured depository institutions to hold these reserves. This could force major stablecoin operators like Tether and Circle to establish new banking relationships. The legislation also proposes a two-tiered system distinguishing between "payment stablecoins" (backed by traditional assets) and other stablecoins. While some analysts believe the bill could legitimize stablecoins and boost adoption, others warn it may create barriers for smaller players and potentially push innovation offshore. The proposal comes as global regulators increase scrutiny of stablecoins following several high-profile collapses in 2022.