代理SEC主席拒絕執法，以支持明確的規則制定

代理SEC主席Uyeda呼籲對執法制定明確的規則，以為該行業提供急需的指導。

Acting SEC chair calls for clear rulemaking over enforcement to provide much-needed guidance to the industry, while the first U.S. bank-issued stablecoin on a permissionless blockchain—Ethereum—has launched.

代理SEC主席呼籲對執法進行明確的規則制定，以向該行業提供急需的指導，而美國銀行首次發行的Stablecoin是通過許可的區塊鏈（Ethereum）推出的。

The acting chair of the SEC has slammed the courts for their role in muddling crypto regulations and urged administrative law judges to leave legal questions to the SEC in order to avoid any "contradictions."

SEC的代理主席已抨擊法院在混亂的加密法規中的作用，並敦促行政法法官向SEC留下法律問題，以避免任何“矛盾”。

Administrative law judges, who preside over SEC cases in a lower court setting, have been increasingly weighing in on legal questions that are typically the domain of the SEC itself, leading to a blurring of lines and potential conflicts.

行政法法官主持在下級法院環境中主持SEC案件的行政法官一直在越來越重視通常是SEC本身領域的法律問題，導致線條和潛在的衝突變得模糊。

"We need to be thinking in terms of clear rules, not cases, and we must leave the legal questions to the SEC," Uyeda said during a Thursday morning event hosted by the Stanford Law School Center for Law, Science & Innovation. "If we do not, we risk the administrative law judges and the SEC reaching contradictory conclusions on the same legal questions."

烏耶達在斯坦福法學院法學院法學，科學與創新中心主持的周四早上活動中說：“我們需要從明確的規則而不是案件來思考，而我們必須將法律問題留給SEC。” “如果我們不這樣做，我們就有行政法法官和SEC在同一法律問題上得出矛盾的結論。”

This statement comes at a critical juncture for the crypto industry, which is still grappling with the SEC's approach to regulation. While the SEC has been busy filing lawsuits against major crypto firms, it has also been tasked by Congress to propose new rules for the industry.

該聲明對加密貨幣行業來說是一個關鍵的關鍵，該行業仍在努力解決SEC的監管方法。儘管SEC一直在忙於針對主要加密公司提起訴訟，但國會也曾要求為該行業提出新規則。

However, Uyeda pointed out that despite this mandate, the SEC has yet to present a single rule in the past year, despite being directed by Congress to do so "as soon as possible."

但是，烏耶達（Uyeda）指出，儘管有這項任務，但SEC在過去一年中尚未提出單一規則，儘管國會指示“盡快”這樣做。

"We are now tasked by Congress to propose new rules, for example, for crypto security offerings, exchange-traded funds, and tokenized demand-deposit accounts, to name a few," Uyeda said. "Despite this, in the past year, the SEC staff has yet to present a single proposed rule for the Commission’s vote."

Uyeda說：“現在，國會要求我們提出新規則，例如，用於加密安全產品，交易所交易資金和代幣的需求數據賬戶，僅舉幾例。” “儘管如此，在過去的一年中，SEC的工作人員尚未提出委員會投票的一項擬議規則。”

In contrast, Uyeda highlighted that the administrative law judges have been busy rendering their own legal opinions, despite not being obligated to do so.

相比之下，烏耶達強調，儘管沒有義務這樣做，但行政法法官一直在忙於發表自己的法律意見。

"In the same year, the administrative law judges have issued several noteworthy decisions, some of which have touched on important legal questions that were not necessarily presented or fullylitigated in the cases before them, and perhaps should have been left to the SEC to decide in the first instance," Uyeda said.

Uyeda說：“在同年，行政法法官發布了幾項值得注意的決定，其中一些涉及了重要的法律問題，這些問題不一定在他們面前的案件中提出或全面闡述，也許應該將其留給SEC首先決定。”

This intervention from the acting chair comes as the SEC faces mounting pressure to provide more clear and consistent regulatory guidance to the crypto industry. The lack of clear rules has led to uncertainty and confusion among businesses, potential businesses, and the legal community at large, which will surely love Uyeda's message to embrace formal rulemaking and clear guidance.

當SEC面臨著不斷增長的壓力，為加密行業提供更明確，更一致的監管指導時，代理椅子的這種干預是出現的。缺乏明確的規則導致企業，潛在企業和整個法律界之間的不確定性和混亂，這肯定會喜歡烏耶達（Uyeda）的信息，以接受正式的規則制定和明確的指導。

The implications of administrative law judges weighing in on legal matters that are better suited for the SEC could be far-reaching and ultimately create more headaches for all parties involved. It is clear that a shift in focus is needed, and soon.

行政法法官對更適合SEC的法律事務的行政法法官的含義可能是深遠的，最終會給所有有關方面帶來更多的頭痛。顯然，很快就需要焦點轉移。

The first U.S. bank-issued tokenized demand deposits—stablecoins—on a permissionless blockchain, in this case Ethereum, have launched.

美國第一個由美國銀行發行的令牌存款（Stablecoins）在無許可的區塊鏈中，在這種情況下是以太坊啟動。

The new offerings, unveiled by Silvergate Bank on Thursday, mark a significant step in the integration of traditional finance with the world of cryptocurrency.

Silvergate Bank週四宣布的新產品標誌著將傳統金融與加密貨幣界融合的重要一步。

The bank explained that the tokenized deposits will be fully reserved and backed 1:1 by U.S. dollar demand deposits, ensuring complete regulatory compliance. Users will be able to deposit and withdraw funds directly through the bank's existing infrastructure, and the tokens will be issued, transferred, and redeemed for bank customers in a regulatory compliant manner.

該銀行解釋說，令牌化的存款將由美元需求存款完全保留和支持1：1，以確保完全的監管合規性。用戶將能夠通過銀行現有的基礎架構直接存入和撤回資金，並將以法規規定的方式向銀行客戶頒發，轉讓和兌換代幣。

The introduction of these stablecoins follows the recent approval of tokenized demand-deposit accounts by the Federal Reserve and the U.S. Treasury. The move is expected to open up new avenues for innovation and capital flows within the crypto ecosystem.

這些Stablecoins的引入遵循美聯儲和美國財政部最近批准了代幣的需求銷售帳戶。預計此舉將為加密生態系統內的創新和資本流提供新的途徑。

"We are proud to be the first U.S. bank to introduce fully-reserved and compliant stablecoins on a permissionless blockchain," said L.A. Silvergate's CEO, in a statement. "This innovation provides our bank customers with the same high-quality products and services they've come to expect from Silvergate, in a format that can be seamlessly integrated with the crypto ecosystem."

La Silvergate的首席執行官在一份聲明中說：“我們很榮幸成為第一家在無許可區塊鏈上引入完整且合規的Stablecoins的美國銀行。” “這項創新為我們的銀行客戶提供了與Silvergate相同的高質量產品和服務，這種格式可以與加密生態系統無縫集成。”

The launch of the first U.S. bank-issued stablecoins on Ethereum is a watershed moment in the history of digital assets. It signals a decisive shift in traditional finance toward the advantages and efficiencies of blockchain technology.

在以太坊上發起了美國第一個由美國銀行簽發的穩定幣，這是數字資產歷史上的分水嶺。它標誌著傳統財務的決定性轉變朝著區塊鏈技術的優勢和效率轉變。

The implications of this development are far-reaching, potentially leading to more efficient cross-border payments, seamless integration of DeFi protocols with traditional finance, and ultimately, a more inclusive and accessible financial system for all.

這一發展的含義是深遠的，有可能導致更有效的跨境支付，將Defi協議與傳統金融的無縫整合，最終是所有人更具包容性和更容易獲得的財務系統。

Bitcoin’s price held steady on Thursday, as analysts hotly debated whether the traditional four-year halving cycle, known for sparking massive rallies, is dead.

比特幣的價格在周四穩定，分析師激烈爭論是否以激發大規模集會而聞名的傳統的四年減半週期死亡。

Bitcoin’s (BTC) price is usually prone to big price swings, but it remained relatively flat over the past 24 hours, according to crypto market updates. At press time, BTC’s price was at $46,134 and it had risen by less than 1%.

根據加密市場的更新，比特幣（BTC）的價格通常容易出現大價波動，但在過去的24小時內相對平坦。發稿時，BTC的價格為46,134美元，漲幅不到1％。

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