區塊鏈協會、加密貨幣自由聯盟就「交易商」定義向 SEC 提起訴訟

德州區塊鏈協會和加密貨幣自由聯盟已對 SEC 提起法律訴訟，挑戰其重新定義證券「交易商」的新規則。他們認為，美國證券交易委員會在沒有適當透明度和程序的情況下通過該規則超出了其權力，違反了《行政程序法》。區塊鏈協會執行長克里斯汀史密斯表示，該規則是美國證券交易委員會「反數位資產十字軍東徵」的一部分，有可能損害美國公司並扼殺創新。

Blockchain Association and Crypto Freedom Alliance Sue SEC over Dealer Rule

區塊鏈協會和加密貨幣自由聯盟就經銷商規則起訴 SEC

In a landmark lawsuit filed on April 23, the Blockchain Association and the Crypto Freedom Alliance of Texas have initiated legal proceedings against the United States Securities and Exchange Commission (SEC). The suit alleges that the SEC has exceeded its authority by enacting a rule that redefines the criteria for determining what constitutes a "dealer" of securities, a move that the plaintiffs argue is both "arbitrary and capricious" and in violation of the Administrative Procedure Act (APA).

在 4 月 23 日提起的一項具有里程碑意義的訴訟中，區塊鏈協會和德克薩斯州加密貨幣自由聯盟已對美國證券交易委員會 (SEC) 提起法律訴訟。該訴訟稱，美國證券交易委員會超越其權力，制定了一項重新定義證券“交易商”構成標準的規則，原告認為此舉“任意且反复無常”，並且違反了《行政程序法》 （APA） 。

According to the complaint, the SEC's Dealer Rule represents an unwarranted expansion of its regulatory authority beyond the parameters established by Congress. The plaintiffs contend that the rule's redefinition of "dealer" was not supported by adequate evidence or analysis and was adopted without proper notice and comment, depriving industry participants of the opportunity to provide meaningful input.

根據訴狀，美國證券交易委員會的《交易商規則》代表了其監管權限的無理擴張，超出了國會制定的範圍。原告辯稱，該規則對「經銷商」的重新定義沒有得到足夠的證據或分析的支持，並且在沒有適當通知和評論的情況下被採用，剝奪了行業參與者提供有意義的意見的機會。

Kristin Smith, CEO of the Blockchain Association, has condemned the rule as the latest instance of the SEC's "blatant attempts to unlawfully regulate outside its authority." She asserts that the rule "skirts legal obligations" and threatens to drive U.S. companies offshore while stifling innovation within the domestic cryptocurrency sector.

區塊鏈協會執行長 Kristin Smith 譴責該規則是美國證券交易委員會「公然試圖在其權限之外進行非法監管」的最新實例。她聲稱，該規則“規避了法律義務”，並有可能將美國公司推向海外，同時扼殺國內加密貨幣行業的創新。

The lawsuit specifically seeks to invalidate the SEC's Dealer Rule on the grounds that the agency's violations of the APA have prevented industry participants from operating under clear and transparent rules. The plaintiffs argue that the rule's flawed rulemaking process has created uncertainty and confusion within the crypto industry, hampering its ability to flourish and contribute to the U.S. economy.

該訴訟特別旨在使 SEC 的《交易商規則》無效，理由是該機構違反 APA 的行為導致行業參與者無法在清晰透明的規則下運作。原告認為，該規則有缺陷的規則制定過程在加密貨幣產業內造成了不確定性和混亂，阻礙了其蓬勃發展並為美國經濟做出貢獻的能力。

The lawsuit highlights the ongoing tensions between the SEC and the burgeoning cryptocurrency industry. The SEC has been criticized for its perceived heavy-handed approach to regulating digital assets, which some believe has hindered the development of the sector in the United States. The Blockchain Association and the Crypto Freedom Alliance are seeking to challenge this approach through legal action, arguing that the SEC's overreach is stifling innovation and undermining the growth of a promising industry.

該訴訟凸顯了美國證券交易委員會和蓬勃發展的加密貨幣產業之間持續的緊張關係。美國證券交易委員會因其在監管數位資產方面採取的嚴厲手段而受到批評，有些人認為這阻礙了該行業在美國的發展。區塊鏈協會和加密貨幣自由聯盟正在尋求透過法律行動挑戰這種做法，認為 SEC 的過度擴張正在扼殺創新並破壞一個有前途的行業的成長。

The outcome of the lawsuit will have significant implications for the future of cryptocurrency regulation in the United States. If the plaintiffs prevail, it could limit the SEC's authority to define "dealer" and impede its ability to regulate certain aspects of the crypto market. Conversely, a victory for the SEC would further entrench its role as the primary regulator of digital assets, potentially giving it greater oversight over the industry's operations.

該訴訟的結果將對美國加密貨幣監管的未來產生重大影響。如果原告獲勝，可能會限制 SEC 定義「交易商」的權力，並妨礙其監管加密貨幣市場某些方面的能力。相反，美國證券交易委員會的勝利將進一步鞏固其作為數位資產主要監管者的角色，並有可能使其對該行業的運營擁有更大的監督權。

As the legal battle unfolds, industry observers will be closely monitoring the proceedings to determine how it will shape the regulatory landscape for cryptocurrency in the United States and beyond.

隨著法律戰的展開，產業觀察家將密切關注訴訟程序，以確定它將如何塑造美國及其他地區加密貨幣的監管格局。