币界网报道：The recent Senate bill proposing stricter regulations for stablecoins has sparked heated debate in the crypto community, with some experts arguing the concerns may be overblown. The legislation, which passed committee last week, would require stablecoin issuers to maintain full reserves and undergo regular audits, while granting the Federal Reserve oversight authority. While proponents claim the bill brings needed clarity to the $150 billion stablecoin market, critics warn it could stifle innovation. "This is classic regulatory overreach that fails to understand how stablecoins actually operate in decentralized finance," said Circle CEO Jeremy Allaire, whose USDC is the second-largest stablecoin. Meanwhile, Tether's Paolo Ardoino dismissed concerns about reserve transparency, stating "Our quarterly attestations prove we maintain more than sufficient reserves." The bill faces an uncertain path in the full Senate, where several members have expressed reservations about giving the Fed too much control over crypto. Analysts note that even if passed, the regulations may have limited impact given most major stablecoins already comply with similar standards in jurisdictions where they operate. The debate highlights growing tensions between crypto advocates pushing for self-regulation and policymakers seeking to rein in what they see as potential systemic risks. Industry groups are now lobbying for amendments that would provide more flexibility for algorithmic stablecoins and exempt smaller issuers from certain requirements.