CFTC 在庫幣法律戰中將以太坊、萊特幣歸類為商品

商品期貨交易委員會 (CFTC) 將以太坊 (ETH) 和萊特幣 (LTC) 歸類為商品，並在最近針對 KuCoin 的法庭文件中將它們與比特幣 (BTC) 聯繫起來。在 SEC 內部關於以太坊因其權益證明機制的潛在安全狀態的持續討論中，這種分類具有重要意義。

CFTC Classifies Ethereum and Litecoin as Commodities

CFTC 將以太坊和萊特幣歸類為商品

In a significant development for the digital asset industry, the Commodity Futures Trading Commission (CFTC) has designated Ethereum (ETH) and Litecoin (LTC) as commodities, along with Bitcoin (BTC). This determination emerged in the CFTC's recent court filing against KuCoin, a cryptocurrency exchange facing legal challenges from US authorities.

作為數位資產產業的重大發展，商品期貨交易委員會（CFTC）已將以太坊（ETH）和萊特幣（LTC）以及比特幣（BTC）指定為商品。這項決定出現在 CFTC 最近針對 KuCoin 的法庭文件中，KuCoin 是一家面臨美國當局法律挑戰的加密貨幣交易所。

KuCoin Faces Indictments and Enforcement Actions

KuCoin面臨起訴和執法行動

On March 26, 2024, the US Attorney's Office for the Southern District of New York indicted Chun Gan and Ke Tang, the co-founders of KuCoin, for allegedly violating licensing laws and provisions of the Bank Secrecy Act. Additionally, the CFTC filed a civil enforcement action against the exchange, alleging its failure to register as a digital asset derivatives exchange and its non-compliance with know-your-customer (KYC) requirements.

2024年3月26日，美國紐約南區檢察官辦公室起訴KuCoin聯合創始人Chun Gan和Ke Tang涉嫌違反許可法和《銀行保密法》規定。此外，美國商品期貨交易委員會對該交易所提起民事執法行動，指控其未能註冊為數位資產衍生性商品交易所，且不遵守「了解你的客戶」(KYC) 要求。

Outflows of Ethereum and EVM Assets

以太坊和EVM資產流出

As a result of these legal proceedings, KuCoin has reported significant outflows of Ethereum and Ethereum Virtual Machine (EVM) assets, with a cumulative decline of over 15% in assets held by the exchange as of 9:00 AM UTC on Wednesday, March 27.

由於這些法律訴訟，KuCoin 報告以太坊和以太坊虛擬機 (EVM) 資產大量外流，截至 UTC 時間 3 月 27 日星期三上午 9:00，該交易所持有的資產累計下降超過 15% 。

CFTC's Commodity Designation for Ethereum and Litecoin

CFTC 對以太坊和萊特幣的商品指定

Notably, in its complaint against KuCoin, the CFTC explicitly referred to Ethereum and Litecoin as commodities within the context of the case. The agency's filing states that "KuCoin solicited and accepted orders, accepted property to margin, and operated a facility for the trading of futures, swaps, and leveraged, margined, or financed retail transactions involving digital assets that are commodities including bitcoin (BTC), ether (ETH), and Litecoin (LTC)."

值得注意的是，在對 KuCoin 的投訴中，CFTC 明確將以太坊和萊特幣視為案件中的商品。該機構的文件指出，「KuCoin 徵求並接受訂單，接受保證金財產，並運營期貨、掉期交易以及涉及數位資產（包括比特幣（BTC）等商品）的槓桿、保證金或融資零售交易的設施，以太幣(ETH) 和萊特幣(LTC)。”

Implications for Ethereum Amid SEC Investigation

SEC 調查對以太坊的影響

This classification by the CFTC stands in contrast to ongoing discussions within the US Securities and Exchange Commission (SEC) regarding the potential classification of Ethereum as a security. SEC Chair Gary Gensler has expressed concerns that Ethereum's proof-of-stake (PoS) mechanism may bring it under the purview of securities laws.

CFTC 的這種分類與美國證券交易委員會 (SEC) 內部正在進行的有關以太坊作為證券的潛在分類的討論形成鮮明對比。美國證券交易委員會 (SEC) 主席加里·詹斯勒 (Gary Gensler) 表示擔心以太坊的權益證明 (PoS) 機制可能會將其納入證券法的管轄範圍。

The CFTC's designation of Ethereum as a commodity could provide a countervailing perspective, potentially strengthening the argument that Ethereum is not a security under US law. This could boost confidence within the cryptocurrency community and provide a potential defense against any future SEC enforcement actions targeting Ethereum.

美國商品期貨交易委員會將以太坊指定為商品可能會提供相反的觀點，可能會強化以太坊不是美國法律規定的證券的論點。這可以增強加密貨幣社群的信心，並為未來 SEC 針對以太坊的任何執法行動提供潛在的防禦。

Legal Implications for KuCoin

KuCoin的法律影響

The CFTC's classification of Ethereum and Litecoin as commodities could have implications for KuCoin's legal defense. The exchange may argue that its actions were in compliance with applicable laws and regulations, given that the assets it traded were considered commodities by the CFTC.

美國商品期貨交易委員會將以太坊和萊特幣歸類為商品可能會對庫幣的法律辯護產生影響。鑑於其交易的資產被商品期貨交易委員會視為商品，交易所可能會辯稱其行為符合適用的法律和法規。

Impact on Digital Asset Industry

對數位資產產業的影響

The CFTC's designation of Ethereum and Litecoin as commodities is a significant development that could shape the regulatory landscape for digital assets in the United States. It may provide a clearer framework for the classification of digital assets and facilitate increased regulatory certainty for the industry moving forward.

美國商品期貨交易委員會將以太坊和萊特幣指定為商品是一項重大進展，可能會影響美國數位資產的監管格局。它可以為數位資產的分類提供更清晰的框架，並有助於提高行業發展的監管確定性。