Coinbase表示，美國監管機構計劃撤回針對加密交易所的訴訟

在共和黨領導下，證券交易委員會已迅速採取行動大修以對加密部門進行監管

Coinbase said on Friday the U.S. securities regulator planned to recommend withdrawing its lawsuit against the crypto exchange, a move that would end a contentious years-long legal battle once considered existential for the trading platform and the broader sector.

Coinbase週五表示，美國證券監管機構計劃建議撤回其針對加密交易所的訴訟，此舉將結束一場有爭議的長達數年的法律鬥爭，曾經被認為是交易平台和更廣泛部門的存在。

The Securities and Exchange Commission has moved quickly to overhaul its approach to policing the crypto sector under Republican leadership since President Donald Trump took office.

自從唐納德·特朗普總統上任以來，美國證券交易委員會已迅速採取了大修，以對共和黨領導人進行監管。

The agency has established a dedicated task force and rescinded key crypto-related accounting guidance.

該機構已經建立了一個專門的工作組，並取消了與密鑰與加密相關的會計指導。

The SEC, which declined to comment, has been expected to review pending court cases and walk back its litigation even before overhauling its regulations, Reuters previously reported.

路透社先前報導說，拒絕置評的SEC已被預計將審查未決的法院案件，並在大修法規之前撤回其訴訟。

Still, the decision to recommend dismissing its lawsuit against Coinbase, one of a number of lawsuits brought under the SEC’s prior chair, would be the most dramatic move yet under the acting Republican leadership.

儘管如此，決定駁回對Coinbase的訴訟的決定，這是SEC先前主席的許多訴訟之一，將是代理共和黨領導人的最戲劇性舉動。

“The war against crypto, at least as it applies to Coinbase, is over,” Coinbase Chief Legal Officer Paul Grewal said in an interview.

Coinbase首席法律官Paul Grewal在接受采訪時說：“至少適用於Coinbase，針對加密貨幣的戰爭已經結束。”

Republican officials at the SEC have immediately begun to overhaul the agency’s crypto policies, even before the arrival of Paul Atkins, Trump’s crypto-friendly pick for SEC chair.

SEC的共和黨官員也立即開始大修該機構的加密政策，甚至在特朗普對SEC主席的特朗普友好選擇的Paul Atkins到來之前。

Revisiting cases against crypto firms – especially those which violated the SEC’s rules but were not alleged to have defrauded investors – has been broadly anticipated, though many legal experts told Reuters they expected the SEC to seek settlements and any mass effort to dismiss all pending matters would be seen as unprecedented.

對加密貨幣公司（尤其是違反SEC規則但沒有涉嫌欺騙投資者的案件）進行重新審視案件，儘管許多法律專家告訴路透社，他們期望SEC尋求和解，任何大規模的努力都會駁回所有未決事項的大規模努力被視為前所未有的。

The SEC sued both Coinbase, the largest U.S. crypto exchange, and rival trading platforms Binance in 2023. A court has separately paused the agency’s lawsuit against the other firm after a request from the SEC and Binance, citing implications of the new task force.

SEC起訴了Coinbase，這是美國最大的加密交易所，也是2023年的競爭對手交易平台Binance。在SEC和Binance的請求之後，法院分別暫停了該機構針對另一家公司的訴訟，並以新工作組的含義。

The agency also sued crypto exchange Kraken in 2023.

該機構還於2023年起訴加密交易所Kraken。

The SEC alleged Coinbase flouted its rules and facilitated trading in at least 13 crypto tokens that it said should have been registered as securities.

SEC指控Coinbase違反了其規則，並在至少13個加密代幣中促進了交易，該代幣應註冊為證券。

The lawsuit also targeted Coinbase’s “staking” program, in which it pools assets to verify activity on blockchain networks and takes commissions, in exchange for “rewards” to customers. The SEC said that program should have been registered with the agency.

該訴訟還針對Coinbase的“ Sticking”計劃，在該計劃中，它匯總了資產以驗證區塊鍊網絡上的活動並採取佣金，以換取向客戶的“獎勵”。 SEC表示該計劃應該已在該機構註冊。

Coinbase has argued that crypto assets, unlike stocks and bonds, do not meet the definition of an investment contract, a position held by the vast majority of the crypto industry. As outlined in a U.S. Supreme Court case, a key test for whether an investment product is a security is whether people are investing in a common enterprise with the expectation of profit.

Coinbase認為，與股票和債券不同，加密資產不符合投資合同的定義，這是加密貨幣行業的絕大多數職位。正如美國最高法院案件中概述的那樣，對投資產品是否是安全的關鍵測試是人們是否正在以利潤的期望投資共同的企業。

Better Markets, which advocates for stricter government oversight of the financial sector, said the SEC dropping its lawsuit against Coinbase would be “a historic mistake.”

倡導政府對金融部門進行嚴格監督的更好的市場表示，對Coinbase訴訟的SEC將是“一個歷史性的錯誤”。

“The SEC used to enforce the law without fear or favor but is now favoring the crypto industry and fearing billionaire crypto kingpins who are publicly belittling the agency,” said Dennis Kelleher, president and CEO of the group, in a statement.

該集團總裁兼首席執行官丹尼斯·凱勒爾（Dennis Kelleher）在一份聲明中說：“ SEC用來無恐懼或寵愛執行法律，但現在偏愛加密貨幣行業，並擔心億萬富翁加密金彭（ Crypto Kingpins）公開貶低該機構。”

Shares in Coinbase opened up more than 3.5% as investors cheered the news. Analysts at Piper Sandler said in a research note the dismissal of the case “removes a significant overhang that we believe has kept some investors on the sidelines for nearly two years.”

隨著投資者歡呼新聞，Coinbase的股票開放了3.5％以上。派珀·桑德勒（Piper Sandler）的分析師在一份研究指出中說，該案的駁回“消除了一個巨大的懸垂，我們認為這使一些投資者在場外持續了近兩年。”

‘ARM IN ARM’

“手臂”

Former Democratic agency chair Gary Gensler had made fighting misconduct in a sector he termed the “wild west” a priority for the SEC, targeting not only fraudsters but also the large firms that facilitate trading such as Coinbase. The regulator boosted the size of the crypto enforcement unit as part of that effort.

前民主黨機構主席加里·加斯勒（Gary Gensler）在他將“野生西部”（SEC）稱為“野生西部”的領域的戰鬥不當行為成為SEC的優先事項，不僅針對欺詐者，而且針對促進諸如Coinbase等交易的大型公司。作為此努力的一部分，監管機構增加了加密執法部門的規模。

The SEC has now scaled back that crypto enforcement effort, reassigning lawyers and earlier this week renaming the unit to focus on “cyber and emerging technologies.”

SEC現在已經縮減了加密執法工作，重新分配律師，並在本週早些時候將該部門重命名為“網絡和新興技術”。

Acting SEC Chair Mark Uyeda and fellow Republican Commissioner Hester Peirce have taken issue with Gensler’s approach to litigation, arguing instead for new crypto-specific rules.

代理SEC主席馬克·烏耶達（Mark Uyeda）和共和黨同胞專員赫斯特·皮爾斯（Hester Peirce）對Gensler的訴訟方法提出了疑問，而不是為新的加密特定規則而爭論。

“We have a very positive, productive relationship with this new SEC and are working (in) lock step with them, arm in arm, to get this addressed,” Grewal said.

格雷瓦爾說：“我們與這個新的SEC建立了非常積極的，富有成效的關係，並且正在與他們（在）手臂上的鎖定步驟（以鎖定為單位）來解決這個問題。”

Peirce, dubbed “crypto mom” by many in the sector, is leading the agency’s new efforts to overhaul its policy. The new task force has held at least 8 meetings to discuss changes, according to public logs available on the SEC’s website.

皮爾斯（Peirce）被許多領域的許多人稱為“加密媽媽”，他正在領導該機構的新努力，以全面改革其政策。根據SEC網站上可用的公共日誌，新工作隊至少舉行了8次會議，討論更改。

“It’s not surprising because this administration, Mark Uyeda and Hester Peirce, their view is that digital assets are not securities by and large. If you have that position, then you cannot assert in any pleading anywhere a digital asset is a security,” said a former chief of the SEC’s office of internet enforcement.

“這並不奇怪，因為這項政府，馬克·烏耶達（Mark Uyeda）和海斯特·皮爾斯（Hester Peirce），他們認為數字資產並非總體證券。如果您有這個職位，那麼您就無法在任何訴狀中宣稱數字資產都是安全的。” SEC互聯網執法辦公室前負責人說。

In his first week in office, Trump ordered the creation of a cryptocurrency working group tasked with proposing new digital asset regulations and exploring the creation of a national cryptocurrency stockpile, making good on his promise to quickly overhaul U.S. crypto policy.

在任職的第一周，特朗普下令建立一個加密貨幣工作組，負責提出新的數字資產法規，並探索創建國家加密貨幣庫存的創建，從而良好地兌現了他迅速大修美國加密政策的承諾。

Trump on the campaign trail pledged to be a “crypto president” and courted cash from the industry by promising to promote

特朗普在競選活動中承諾擔任“加密總統”，並通過承諾促進該行業的現金