儘管溫度變暖，但比特幣市場仍在下降

與最近的溫度逐漸變暖不同，自2月25日比特幣低於90,000美元以來，加密貨幣市場一直處於下降趨勢。

The cryptocurrency market has been on a downward trend since Bitcoin fell below $90,000 on February 25, in contrast to the recent gradual warming of temperatures. Around 10:50 today, Bitcoin dropped below the $80,000 mark, reaching a new low in nearly three and a half months. According to Coinglass data, the total liquidation amount across the network in the past 24 hours reached $728 million, with long positions liquidated at approximately $621 million and short positions at about $107 million. Additionally, data from Alternative.me shows that although the cryptocurrency fear and greed index has rebounded slightly compared to yesterday, it still remains in a state of "extreme fear."

自2月25日比特幣低於90,000美元以來，加密貨幣市場一直處於下降趨勢，與最近的溫度逐漸變暖相比。今天的10:50左右，比特幣跌至80,000美元以下，在近三個半月內達到了新的低點。根據Coinglass數據，過去24小時內整個網絡的總清算金額達到7.28億美元，長頭寸的清算約為6.21億美元，短職位約為1.07億美元。此外，來自替代性的數據表明，儘管與昨天相比，加密貨幣的恐懼和貪婪指數略有反彈，但它仍然處於“極端恐懼”狀態。

However, amidst the anxious market conditions, a series of recent actions by U.S. financial regulators suggest that the previously hardline stance on cryptocurrencies is softening, and the regulatory "ice" filled with hostility from the last administration is slowly melting.

但是，在焦慮的市場狀況中，美國金融監管機構最近採取的一系列行動表明，以前對加密貨幣的強硬立場正在縮小，而在上次政府中充滿敵意的監管“冰”正在緩慢融化。

If the previous U.S. SEC led by Gary Gensler was filled with hostility towards the cryptocurrency industry, the new U.S. SEC's attitude can be described as actively embracing it. Since Gary Gensler officially stepped down on January 21, the new U.S. SEC, under the leadership of acting chair Mark Uyeda, has been working to change its image in the eyes of the public.

如果由加里·貢斯勒（Gary Gensler）領導的前美國證券交易委員會（Gary Gensler）對加密貨幣行業充滿了敵意，那麼新美國SEC的態度可以被描述為積極擁抱它。自從加里·加斯勒（Gary Gensler）於1月21日正式辭職以來，在代理主席馬克·烏耶達（Mark Uyeda）的領導下，新的美國證券交易局一直在努力在公眾眼中改變其形象。

In the past week, the U.S. SEC has concluded investigations and enforcement actions against OpenSea, Robinhood Crypto, Uniswap Labs, and Gemini, and has officially withdrawn its lawsuit against Coinbase, planning to dismiss lawsuits against ConsenSys and MetaMask. Furthermore, Binance and the U.S. SEC submitted a joint motion in mid-month, requesting a 60-day pause in the lawsuit on the grounds that "the newly established cryptocurrency working group may impact the case," marking the first request for a pause in cryptocurrency-related litigation since Mark Uyeda took over as acting chair. As a result, the Tron Foundation and Justin Sun also jointly submitted a motion to pause the lawsuit with the U.S. SEC.

在過去的一周中，美國SEC已締結了針對Opensea，Robinhood Crypto，Uniswap Labs和Gemini的調查和執法行動，並正式撤回了針對Coinbase的訴訟，計劃駁回針對共識和MetAmask的訴訟。此外，Binance和美國SEC在月中提出了聯合動議，要求在訴訟中停止60天，理由是“新成立的加密貨幣工作組可能會影響此案”，這標誌著自從Mark Uyeda曾擔任Acting Capecation Cairs的案件，這標誌著第一次在加密貨幣相關訴訟中停止的要求。結果，特倫基金會和賈斯汀·孫還共同提出了一項動議，以暫停美國第二局的訴訟。

Additionally, regarding the controversial Memecoin, the U.S. SEC has changed its previously ambiguous stance and issued clear guidance stating that it "does not fall under securities but is similar to collectibles." The U.S. SEC believes that trading related to Memecoin does not involve the issuance and sale of securities as defined by federal securities law. Therefore, individuals participating in the issuance and sale of Memecoin do not need to register their transactions with the commission under the 1933 Securities Act, nor do they need to comply with the registration exemption provisions in the Securities Act. Of course, the department also pointed out that buyers or holders of Memecoin are not protected by federal securities law.

此外，關於有爭議的紀念因素，美國SEC改變了以前的模棱兩可的立場，並發布了明確的指導，指出它“不屬於證券，而與收藏品相似”。美國SEC認為，與Memecoin有關的交易不涉及聯邦證券法所定義的證券的發行和銷售。因此，參加發行和出售Memecoin的個人無需根據《 1933年證券法》在委員會中註冊其交易，也不需要遵守《證券法》中的《登記豁免規定》。當然，該部門還指出，Memecoin的買家或持有人不受聯邦證券法的保護。

Perhaps due to the recent cooling of the market and the proactive and frequent signals from the U.S. SEC, people have begun to observe the significant changes it has made. In fact, since the establishment of the new U.S. SEC, various actions have been continuous.

也許由於最近的市場冷卻以及美國SEC的積極主動和頻繁的信號，人們已經開始觀察到它所做的重大變化。實際上，自成立新美國SEC以來，各種行動一直是不斷的。

On the day after Gary Gensler officially resigned, Mark Uyeda announced the establishment of a special cryptocurrency working group led by Hester Peirce, "dedicated to developing a comprehensive and clear regulatory framework for cryptocurrency assets." Subsequently, on January 24, the U.S. SEC officially withdrew the accounting standard for crypto assets SAB-121, marking the "first shot" in a comprehensive reform. After that, the U.S. SEC began to reduce the size of its cryptocurrency enforcement division, reallocating some lawyers and staff to other departments, and forming new task forces to publish ten major tasks, such as examining the status of different types of crypto assets under securities law and providing clear statements on methods for approving or disapproving cryptocurrency ETFs. Following this, we saw various news regarding the U.S. SEC's review of ETFs, such as publicly soliciting comments on the Grayscale Litecoin ETF, accepting Grayscale's 19b-4 application for the Solana ETF, accepting Grayscale's application for the XRP Trust conversion ETF, and accepting Cboe BZX's 19b-4 application to add staking functionality for the 21Shares Ethereum ETF.

在加里·蓋斯勒（Gary Gensler）正式辭職的第二天，馬克·烏耶達（Mark Uyeda）宣佈建立了由Hester Peirce領導的特別加密貨幣工作組，“致力於為加密貨幣資產開發全面而明確的監管框架。”隨後，1月24日，美國SEC正式撤回了Crypto Assets SAB-121的會計標準，標誌著全面的改革中的“第一槍”。之後，美國SEC開始減少其加密貨幣執法部門的規模，將一些律師和員工重新分配給其他部門，並成立新的工作組來發布十項主要任務，例如檢查根據證券法中不同類型的加密資產的狀態，並在批准或不贊成croving Cryptocorency Etfs的方法上提供明確的說明。之後，我們看到了有關美國證券交易委員會對ETF的評論的各種新聞，例如公開徵求對灰度的萊特卡因ETF的評論，接受了Grayscale對Solana ETF的19b-4應用程序，接受了Grayscale對XRP Trust Conversion eTF的申請，並接受CBOE BZX的19B-4應用程序以添加21shum in 21shum，

All of this indicates that the new SEC will present a completely different image.

所有這些都表明新的SEC將呈現完全不同的圖像。

In addition to the U.S. SEC's active reforms in cryptocurrency regulation, other regulatory developments are also noteworthy.

除了美國SEC在加密貨幣監管方面的積極改革外，其他監管發展也值得注意。

The U.S. House Committee on Financial Services recently passed a resolution to repeal the IRS "DeFi broker rule" with a vote of 26 to 16, which is a significant positive for DeFi. It is important to note that this resolution still needs to be approved by a majority in both the House and Senate and signed by the President to take effect.

美國眾議院金融服務委員會最近通過了一項決議，以26比16的投票被廢除IRS“ Defi Broker Rule”，這對Defi來說是顯著的積極積極的。重要的是要注意，該決議仍需要得到眾議院和參議院的多數席位，並由總統簽署以生效。

Moreover, at the recent hearing chaired by Cynthia Lummis of the U.S. Senate Banking Committee on Digital Assets, legislative progress regarding stable

此外，在美國參議院數字資產委員會的辛西婭·盧米斯（Cynthia Lummis）主持的最近聽證會上，有關穩定的立法進展