幣安要求駁回 SEC 修改後的投訴，指控該機構對加密貨幣法規缺乏明確性

幣安及其前執行長趙長鵬週一提交了一份動議，要求美國證券交易委員會駁回修改後的申訴。

Binance and its former CEO, Changpeng Zhao, filed a motion on Monday requesting the SEC’s amended complaint be dismissed. The filing pointed out that the SEC’s case lacks a “coherent legal basis” and fails to offer a clear guideline on which crypto-related transactions shall be classified as securities.

幣安及其前執行長趙長鵬週一提出動議，要求美國證券交易委員會駁回修改後的申訴。該文件指出，美國證券交易委員會的案件缺乏“一致的法律依據”，並且未能就加密貨幣相關交易應被歸類為證券提供明確的指導方針。

According to the legal team of Binance, the SEC’s position contradicts a federal judge’s decision stating that some of the products of the company, including BUSD and Simple Earn, and secondary market sales of BNB tokens are not investment contracts.

幣安法律團隊表示，SEC 的立場與聯邦法官的裁決相矛盾，該裁決稱該公司的部分產品（包括 BUSD 和 Simple Earn）以及 BNB 代幣的二級市場銷售不屬於投資合約。

The lawyers argue that the SEC is overlooking one factor from the June 29 ruling that said not all tokens are securities. “On the one hand , the SEC acknowledges the Court’s conclusion that crypto-assets are not securities, by their very nature; on the other hand, the SEC fails to adopt the legal consequences of that decision,” Binance’s filing noted.

律師們認為，SEC 忽視了 6 月 29 日裁決中的一個因素，即並非所有代幣都是證券。 「一方面，美國證券交易委員會承認法院的結論，即加密資產就其本質而言不是證券；另一方面，美國證券交易委員會未能採納該決定的法律後果，」幣安的文件指出。

SEC Accused of Lacking Clarity on Crypto Regulations

SEC 被指責加密貨幣監管不夠明確

In its motion, Binance has argued that the SEC has not established clear rules on how the cryptocurrency industry is to operate. The legal department at Binance states that the SEC’s new complaint goes on to assert that most crypto transactions, including secondary market sales, are securities transactions because most investors expect the tokens’ prices to rise.

幣安在其動議中辯稱，美國證券交易委員會尚未就加密貨幣行業的運作方式製定明確的規則。幣安法律部門表示，美國證券交易委員會的新投訴繼續斷言，大多數加密貨幣交易（包括二級市場銷售）都是證券交易，因為大多數投資者預計代幣價格會上漲。

As per the filing, “The SEC still has not explained the criteria that would lead a court, a litigant, or a market participant to conclude that a particular crypto-asset transaction is an investment contract and, therefore, regulated by the federal securities laws and others that are not.” Binance pointed out that this uncertainty makes it impossible for businesses to know how to navigate the legal framework and that the SEC is able to enforce its rules in whatever manner it sees fit.

根據該文件，“美國證券交易委員會仍然沒有解釋導致法院、訴訟當事人或市場參與者得出結論特定加密資產交易是投資合約並因此受到聯邦證券法監管的標準以及其他不是的。”幣安指出，這種不確定性使得企業無法知道如何駕馭法律框架，而美國證券交易委員會能夠以任何其認為合適的方式執行其規則。

The filing also notes that the SEC has recently abandoned its prior position that the Ether transactions are investment contracts without any justification, which only serves to highlight the agency’s lack of consistency.

該文件還指出，美國證券交易委員會最近放棄了先前的立場，即以太坊交易是沒有任何正當理由的投資合同，這只會凸顯該機構缺乏一致性。

Background of the Case Against Binance

針對幣安的案件背景

The SEC initially filed its lawsuit against Binance, its US affiliate Binance.US, and Zhao in June 2023. The agency accused them of operating unregistered exchanges, broker-dealers, and clearing agencies in the US. This complaint forms part of a broader regulatory crackdown by the SEC on the cryptocurrency industry. In addition to Binance, other major exchanges like Coinbase and Kraken have faced similar charges from the agency as it seeks to bring digital assets under existing securities regulations.

美國證券交易委員會最初於 2023 年 6 月對幣安、其美國子公司 Binance.US 和趙某提起訴訟。該投訴是美國證券交易委員會對加密貨幣行業更廣泛監管打擊的一部分。除了幣安之外，Coinbase 和 Kraken 等其他主要交易所也面臨該機構的類似指控，因為該機構試圖將數位資產納入現有的證券監管範圍。

This particular case is separate from the criminal charges that the Department of Justice (DOJ) brought against Binance and Zhao in 2023. In November of that year, Binance admitted to violations related to anti-money laundering, unlicensed money transmission, and sanctions compliance.

這一特殊案件與司法部(DOJ) 在2023 年對幣安和趙提出的刑事指控不同。 。

As part of a settlement, the company agreed to pay a $4.3 billion fine, and Zhao served four months in prison in the US before being released.

作為和解協議的一部分，該公司同意支付 43 億美元的罰款，趙在美國監獄服刑四個月後獲釋。

Gensler Faces Pressure Amid Political Tensions in Crypto Regulation

Gensler 在加密貨幣監管的政治緊張局勢中面臨壓力

The Binance filing comes at a time when SEC Chair Gary Gensler is facing increased scrutiny and political pressure over his approach to regulating digital assets. Prominent political figures from both major parties have criticized Gensler’s handling of crypto regulation.

幣安提交文件之際，美國證券交易委員會主席加里·詹斯勒 (Gary Gensler) 因其監管數位資產的方法而面臨越來越嚴格的審查和政治壓力。來自兩個主要政黨的知名政治人物都批評了 Gensler 對加密貨幣監管的處理方式。

Republican former President Donald Trump has pledged to remove Gensler from his position if re-elected, while supporters of Democratic Vice President Kamala Harris have also called for his dismissal.

共和黨前總統唐納德·川普承諾，如果連任，將解除詹斯勒的職務，而民主黨副總統卡馬拉·哈里斯的支持者也呼籲解僱他。

In a recent statement at a financial technology convention in Las Vegas, Gensler defended his approach, saying, “We’re going to continue to do that which we do well at the SEC until, as I say, the ref calls the whistle.” Gensler highlighted that decisions about SEC leadership typically rest with the president, underscoring the impact of upcoming elections on the agency’s leadership and regulatory direction.

最近在拉斯維加斯舉行的金融科技大會上發表聲明時，Gensler 為自己的做法進行了辯護，他說：「我們將繼續做我們在SEC 做得很好的事情，直到，正如我所說，裁判吹哨為止。 Gensler 強調，有關 SEC 領導層的決定通常由總統決定，這強調了即將舉行的選舉對該機構領導層和監管方向的影響。