CFTC將加密執法與DOJ保持一致 - 低級別的違規行為不再追逐

CFTC釋放了嚴重的加密執法大修，對懲罰性規定的剎車施加了剎車，並將權力轉移到了創新者身上。

The Commodity Futures Trading Commission (CFTC) is undergoing a major shift in its crypto enforcement priorities, aligning with the U.S. Department of Justice (DOJ) and aiming to return power to innovators.

商品期貨貿易委員會（CFTC）正在與加密執法的重點進行重大轉變，與美國司法部（DOJ）保持一致，並旨在將權力歸還給創新者。

Acting Chair Caroline D. Pham issued a sweeping directive on Monday in Washington D.C., reshaping the agency’s approach to digital assets.

代理主席卡羅琳·D·帕姆（Caroline D.

Her announcement follows the DOJ’s move to cease the controversial practice of regulating cryptocurrency through prosecution rather than clear rulemaking. In response, Pham instructed CFTC staff to cease pursuing digital asset-related registration violations unless there is clear evidence of intentional wrongdoing.

她的宣布是在司法部採取的舉動停止通過起訴而不是明確規則制定加密貨幣的有爭議的做法。作為回應，PHAM指示CFTC的工作人員停止追求與數字資產相關的註冊違規行為，除非有明確的有意做錯事的證據。

This action signals an end to what Pham described as years of punitive overreach by the Commission, which she sharply criticized in her statement.

這項行動終結了帕姆所說的委員會多年懲罰性過度的事情，她在聲明中批評了這一點。

“For far too long, lawfare from multiple federal agencies against innovators in the digital asset space has created unfairness and uncertainty that has undermined trust in the regulatory process and impeded American competitiveness,” she said.

她說：“在太長時間以來，來自數字資產領域的創新者的多個聯邦機構的法律造成了不公平和不確定性，這破壞了對監管過程的信任並阻礙了美國的競爭力。”

Acting Chair Pham’s statement and directive come in response to Executive Order 14219 and the DOJ’s updated charging guidelines, both of which reinforce a shift in focus away from using legal action as a proxy for policy clarity.

代理主席PHAM的聲明和指令是針對14219號行政命令和司法部更新的收費指南的回應，這兩者都強化了將重點轉移到使用法律行動作為政策清晰度的代理的轉變。

President Trump issued Executive Order 14219 in February, directing federal agencies to review and eliminate regulations that are unconstitutional, based on improper legislative delegation, or impose high costs without clear public benefit. That same month, the DOJ issued new policy directives, including a memo on charging, plea deals, and sentencing that instructed prosecutors to pursue the most serious and readily provable offenses. Additionally, the DOJ will no longer maintain a dedicated unit to focus on cryptocurrency-related offenses.

特朗普總統於2月發布了14219年的行政命令，指示聯邦機構以不當立法代表團的不當行為審查和消除違憲的法規，或者在沒有明顯的公共利益的情況下施加高昂的成本。同月，司法部發布了新的政策指令，包括有關收費，認罪交易和量刑的備忘錄，指示檢察官採取最嚴重且易於證明的罪行。此外，司法部將不再保持專用部門，以專注於與加密貨幣相關的犯罪。

With the Commission currently unable to secure a majority vote to dismiss or settle ongoing litigation, Acting Chair Pham is using her executive authority to prioritize the agency’s limited resources.

由於委員會目前無法獲得多數投票以駁回或解決正在進行的訴訟，代理主席Pham正在利用其執行權力來優先考慮該機構的有限資源。

Her directive signals a strategic redirection of enforcement efforts, reserving agency resources for combating fraud, manipulation, and clear-cut violations of law. By narrowing the focus of prosecutions, the CFTC aims to restore certainty to digital asset markets while avoiding unnecessary entanglement in cases lacking evidence of willful misconduct.

她的指示標誌著對執法工作的戰略重定向，保留代理機構資源來打擊欺詐，操縱和明確違反法律的行為。通過縮小起訴的重點，CFTC旨在恢復數字資產市場的確定性，同時避免在缺乏故意不當行為證據的情況下避免不必要的糾纏。