SEC v. Coinbase 審判即將進行：SEC 的案件已加強

聯邦法官裁定 SEC 對 Coinbase 的訴訟將繼續進行，駁回 Coinbase 駁回此案的動議。 SEC 指控 Coinbase 經營未註冊的加密貨幣交易所並提供未註冊的證券，特別是透過其質押計劃。不過，法院駁回了 SEC 對 Coinbase Wallet 的指控，承認這並不涉及美國證券法。 Coinbase 正準備在法庭上與 SEC 會面，並在 2024 年 4 月 19 日之前提交擬議的案件管理計劃。

SEC's Battle with Coinbase: Is the Case Solid?

SEC 與 Coinbase 的鬥爭：案件可靠嗎？

Despite Coinbase's attempt to dismiss the Securities and Exchange Commission's (SEC) lawsuit, a federal judge has ruled that the case will proceed. This decision has raised eyebrows in the cryptosphere, prompting questions about the SEC's case and Coinbase's potential liability.

儘管 Coinbase 試圖駁回美國證券交易委員會 (SEC) 的訴訟，但聯邦法官仍裁定該案將繼續審理。這項決定引起了加密領域的關注，引發了人們對 SEC 案件和 Coinbase 潛在責任的質疑。

Does the SEC Have a Leg to Stand On?

SEC 有立足之地嗎？

In its complaint, the SEC alleges that Coinbase operated an unregistered crypto exchange and offered unregistered securities through its staking program. Judge Failla found that the SEC had presented sufficient evidence to support these claims. The SEC's argument hinges on characterizing Coinbase as an "exchange," "broker," and "clearing agency" under the federal securities laws. If the court ultimately agrees with this classification, it could have significant implications for Coinbase and the broader crypto industry.

美國證券交易委員會在起訴書中稱，Coinbase 經營一家未註冊的加密貨幣交易所，並透過其質押計畫提供未註冊的證券。法伊拉法官認為，美國證券交易委員會已提供足夠的證據來支持這些主張。 SEC 的論點取決於將 Coinbase 描述為聯邦證券法下的「交易所」、「經紀人」和「清算機構」。如果法院最終同意這種分類，可能會對 Coinbase 和更廣泛的加密行業產生重大影響。

Coinbase's Wallet Exemption

Coinbase 的錢包豁免

While the court denied Coinbase's motion to dismiss the case in its entirety, it did grant the company's motion to dismiss the SEC's claims against Coinbase Wallet. This decision suggests that the court does not believe that the SEC has sufficiently established that Coinbase Wallet implicates US securities laws. Coinbase sees this as a vindication of its view that technological innovations like Coinbase Wallet are not subject to securities regulation.

雖然法院駁回了 Coinbase 完全駁回此案的動議，但它確實批准了該公司駁回 SEC 對 Coinbase Wallet 索賠的動議。這項裁決表明，法院不認為 SEC 已充分證明 Coinbase 錢包涉及美國證券法。 Coinbase 認為這證明了其觀點的正確性，即 Coinbase 錢包等技術創新不受證券監管。

Crypto Market Reaction

加密貨幣市場反應

News of the SEC's lawsuit against Coinbase sent shivers through the crypto market, with altcoins like Solana, Cardano, and Avalanche experiencing losses of over 3% each. Bitcoin dipped below $70k, while Ethereum struggled to stay above $3,500. This market volatility underscores the uncertainty and regulatory concerns that linger over the crypto industry.

美國證券交易委員會 (SEC) 對 Coinbase 提起訴訟的消息震驚了整個加密貨幣市場，Solana、Cardano 和 Avalanche 等山寨幣的損失均超過 3%。比特幣跌破 7 萬美元，而以太坊則努力保持在 3,500 美元以上。這種市場波動凸顯了加密貨幣產業揮之不去的不確定性和監管擔憂。

Coinbase's Next Steps

Coinbase 的後續步驟

Coinbase has expressed its readiness to face the SEC in court and has indicated that it will seek to uncover the SEC's internal views and discussions on crypto regulation. The company has until mid-April 2024 to submit a proposed case management plan, and the trial date remains unknown. As the case proceeds, it will be closely watched by the crypto community and could set a precedent for the regulation of crypto assets in the United States.

Coinbase 已表示準備在法庭上面對 SEC，並表示將尋求揭露 SEC 對加密貨幣監管的內部觀點和討論。該公司必須在 2024 年 4 月中旬之前提交擬議的案件管理計劃，審判日期仍未知。隨著案件的進展，它將受到加密社群的密切關注，並可能為美國加密資產的監管開創先例。