Coinbase的藝術，時尚和娛樂中心。在南卡羅來納州退出對加密交易所共同案件的積累訴訟後幾天，肯塔基州已成為第三個折疊的州

在南卡羅來納州退出對加密交易所共同案件的積累訴訟後幾天，肯塔基州已成為第三個州的第三個州，以折疊

Just days after South Carolina backed off its lawsuit against crypto exchange Coinbase over staking, Kentucky has become the third state in as many weeks to withdraw from the case, following Vermont’s exit last month.

在南卡羅來納州退出對加密交易所Coinbase的訴訟之後幾天，肯塔基州在上個月退出後，肯塔基州已成為撤離該案數週的第三個州。

The Kentucky Department of Financial Institutions filed a joint stipulation of dismissal on Monday, effectively ending its legal action over Coinbase’s staking services, which were previously accused of violating state securities laws.

肯塔基州金融機構週一對解僱進行了聯合規定，有效地結束了對Coinbase的股權服務的法律訴訟，該服務此前曾被指控違反了州證券法。

"Congress needs to end this litigation-driven, state-by-state approach with a federal market structure law ASAP," Coinbase Chief Legal Officer Paul Grewal posted on X.

Coinbase首席法律官Paul Grewal在X上張貼：“國會需要通過聯邦市場結構法律結束這種訴訟驅動的，逐態的方法。”

The case against Coinbase was originally part of a multistate effort launched the same day the U.S. Securities and Exchange Commission (SEC) sued the exchange in June 2023. It's part of a broader crackdown by the SEC on the crypto industry, asserting that many crypto products, including staking, should register with the agency.

針對Coinbase的案件最初是在美國證券交易委員會（SEC）於2023年6月起訴該交易所的同一天發起的多態努力的一部分。這是SEC對加密貨幣行業的更廣泛鎮壓的一部分，聲稱許多加密產品（包括Staking）在內的許多加密產品都應向該機構註冊。

However, the agency decided to drop its case against Coinbase in February, paving the way for several states to follow suit.

但是，該機構決定在2月對Coinbase撤銷其案件，為幾個州效仿的道路鋪平了道路。

“One by one, in just a few short months, states across the country and party lines are standing up for consumers and sound law,” Paul Grewal, Coinbase’s Chief Legal Officer, told Decrypt. “Kentucky’s dismissal of its case against Coinbase, in rapid succession after Vermont and South Carolina, is a win for customers, innovation, and economic opportunity.”

Coinbase首席法律官Paul Grewal告訴Decrypt：“在短短幾個月內，在短短幾個月內，全國各地的各地都支持消費者和合理的法律。” “在佛蒙特州和南卡羅來納州之後，肯塔基州駁回了對Coinbase的案件，這是客戶，創新和經濟機會的勝利。”

State regulators had been maintaining that Coinbase’s staking program amounted to a securities offering that lacked the necessary registration under state laws.

州監管機構一直在堅持認為，Coinbase的Staking計劃等於在州法律下缺乏必要註冊的證券。

Coinbase was essentially acting like an investment vehicle without proper registration or investor disclosures by pooling and delegating customer tokens in proof-of-stake networks, according to the regulators.

根據監管機構的說法，Coinbase本質上是在沒有適當註冊或投資者披露的情況下，通過將客戶令牌匯總和委派在商品證明網絡中的情況下進行的投資工具。

Vermont exited the case on March 14, citing the dismissal of the federal lawsuit and the potential for clearer national regulation.

佛蒙特州於3月14日解雇了聯邦訴訟和更清晰的國家法規的潛力，佛蒙特州於3月14日撤職。

South Carolina followed days later, with Grewal noting that its residents lost an estimated $2 million in staking rewards due to the ban.

幾天后，南卡羅來納州隨後，格雷瓦爾（Grewal）指出，由於禁令，其居民估計損失了200萬美元的積分獎勵。

The latest dismissal continues a trend of state-level enforcement pullbacks following the SEC’s own February decision to dismiss its case against Coinbase.

在SEC 2月份決定駁回其針對Coinbase案件的決定之後，最新的解僱繼續了州級執法撤回的趨勢。

Combined with new federal guidance under SEC Acting Chair Mark Uyeda, who has taken a more conciliatory stance toward crypto, these developments suggest a shift in regulatory strategy.

結合SEC代理主席馬克·烏耶達（Mark Uyeda）的新聯邦指導，對加密貨幣採取了更和解的立場，這些事態發展表明監管戰略發生了變化。

“This is not just a victory for us, but for American consumers,” Grewal said last week after South Carolina dropped its lawsuit. “We hope it’s a sign of things to come in the few states left that restrict staking.”

“這不僅是我們的勝利，而且對美國消費者而言。”南卡羅來納州上周放棄訴訟後的格雷瓦爾說。 “我們希望這是在限制限制股份的幾個州中發生的事情的跡象。”

As of now, seven states—California, New Jersey, Illinois, Washington, Alabama, Maryland, and Wisconsin—still have pending enforcement actions against Coinbase.

截至目前，七個州 - 加利福尼亞，新澤西州，伊利諾伊州，華盛頓，阿拉巴馬州，馬里蘭州和威斯康星州 - 仍在針對Coinbase的執法行動。

Pro-Crypto Bill Gains Ground In Kentucky

Pro-Crypto Bill在肯塔基州獲得地面

Kentucky’s decision to dismiss the Coinbase lawsuit comes shortly after Governor Andy Beshear signed House Bill 701 into law. This landmark bill is designed to safeguard the digital asset rights of Kentuckians.

肯塔基州駁回Coinbase訴訟的決定是在州長Andy Beshear簽署了701號法案後不久。該具有里程碑意義的法案旨在保護肯塔基人的數字資產權利。

HB701 affirms that self-custody of crypto is legal, and explicitly states that activities like mining, staking, and running blockchain nodes are not subject to state securities laws. It also protects node operators and exempts staking rewards from state money transmitter rules.

HB701確認，加密貨幣的自我觀念是合法的，並且明確指出，採礦，積分和運行區塊鏈節點等活動不受州證券法的約束。它還保護節點運營商並免除State Rewards不受國家貨幣發射機規則的影響。

Lawmakers in both the House and Senate passed the bill unanimously, showcasing rare bipartisan consensus on crypto rights.

眾議院和參議院的立法者一致通過了該法案，表明了對加密權利的罕見兩黨共識。