國會搬到針對SEC推廣和釋放加密創新的針對SEC的證券法

美國立法者於4月9日在華盛頓作為數字資產，金融技術和人工智能小組委員會召集了其2025年國會會議的首次市場結構聽證會。

In a pivotal move to overhaul U.S. securities laws and foster a new era of American crypto innovation, Congress is taking aim at SEC overreach.

為了大修美國證券法，並促進了美國加密創新的新時代，國會的目標是針對SEC Overreach。

The House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence convened its first market structure hearing of the 2025 congressional session on April 9.

眾議院關於數字資產，金融技術和人工智能的小組委員會於4月9日召集了2025年國會會議的首次市場結構聽證會。

The session, titled "American Innovation and the Future of Digital Assets: Aligning the U.S. Securities Laws for the Digital Age," explored how current regulatory ambiguities impact both innovation and investor protection in the digital asset space. Testimony from lawmakers and legal experts converged on a pressing need for Congress to intervene in defining digital asset laws.

該會議的標題為“美國創新和數字資產的未來：數字時代的美國證券法律”，探討了當前的監管歧義如何影響數字資產領域的創新和投資者保護。立法者和法律專家的證詞融合了國會迫切需要干預數字資產法。

"Last week, this Committee took an important step toward delivering real legislative certainty for payment stablecoins by advancing the STABLE Act," said Rep. French Hill (R-Ark.), chairman of the House Financial Services Committee. "It is incumbent on us to build on that momentum and continue working toward a comprehensive regulatory framework that establishes clear rules of the road for digital asset markets."

眾議院金融服務委員會主席法國山（R-Ark。）表示：“上週，該委員會邁出了重要的一步，朝著付款穩定法案來提供真正的立法確定性。” “我們有責任在這一勢頭上建立勢頭，並繼續致力於建立明確的數字資產市場道路規則的全面監管框架。”

Highlighting the urgency of congressional action, Subcommittee Chair Bryan Steil (R-Wis.) added: "It is crucial for this Committee to enact legislation that provides clear guidelines for issuers and market participants, facilitates capital formation, and maintains the integrity of both the digital asset ecosystem and the traditional financial system.

小組委員會主席Bryan Steil（R-Wis。）補充說：“該委員會頒布立法至關重要，為發行人和市場參與者提供明確的指導方針，促進資本形成，並維持兩個數字資產生態系統和傳統金融系統的完整性，這是至關重要的。

"Through this process, we must ensure that American innovators and entrepreneurs can thrive here at home."

“通過這一過程，我們必須確保美國創新者和企業家可以在家中蓬勃發展。”

Among the legal witnesses, Rodrigo Seira of Cooley LLP highlighted the pressing need for Congress to define digital asset laws to replace SEC-led regulation.

在法律證人中，Cooley LLP的Rodrigo Seira強調了對國會定義數字資產法以取代SEC領導的法規的迫切需求。

"Regulation, technological development, and the flows of financial capital are tightly intertwined and interact in a recurring pattern throughout history," said Seira. "We are living through that moment: it is clear that the current securities regulatory framework is not a viable option to regulate crypto and fails to achieve its stated policy goals."

Seira說：“監管，技術發展和金融資本的流動緊密地交織在一起，並以反復出現的模式相互作用。” “我們一直在那一刻生活：很明顯，當前的證券監管框架不是監管加密貨幣並且未能實現其既定政策目標的可行選擇。”

Pointing to the SEC’s limited progress in an area demanding urgency, Tiffany J. Smith from WilmerHale urged legislative clarity.

Wilmerhale的Tiffany J. Smith指出，SEC在要求緊迫性的地區的有限進展敦促立法清晰。

While recognizing the SEC’s efforts, Smith stated that the agency “has taken steps within its jurisdiction to provide regulatory clarity, these actions alone are not sufficient. I believe that action by Congress is necessary to have true regulatory clarity for the digital assets industry.”

史密斯在認識到美國證券交易委員會的努力時表示，該機構“已在其管轄範圍內採取措施以提供監管性的清晰度，僅這些行動就不夠。我相信國會採取的行動是為了對數字資產行業具有真正的監管性清晰度。”

Highlighting the broader implications of U.S. inaction, Polygon’s Chief Legal Officer Jake Werrett noted, "What began as a monetary innovation has become a foundation for decentralizing all forms of native digital assets and new programming paradigms like Web3. We cannot afford to be left behind, or to push valuable innovation offshore."

Polygon首席法律官Jake Werrett指出：“最初是一項貨幣創新，這已成為使所有形式的所有形式的本地數字資產和Web3等新的編程範式分散的基礎。

Meanwhile, lawmakers also sounded the alarm on the potential of the current SEC leadership to hamper the U.S. in seizing a leadership role in the new era of digital assets.

同時，立法者還對當前SEC領導人的潛力阻礙了美國在數字資產的新時代發揮領導作用的潛力。

"The SEC under former Chairman Gary Gensler pursued an aggressive enforcement regulatory agenda that sought to extend the SEC’s authority over the entirety of the digital asset ecosystem in the absence of clear congressional mandate," said Rep. Troy Downing (R-Mont.). "Treating every digital asset as a security regardless of its purpose risks the United States forfeiting its leadership in financial technology."

眾議員Troy Downing（R-Mont。）說：“前任董事長加里·貢斯勒（Gary Gensler）領導的SEC提出了一項積極的執法監管議程，該議程試圖在沒有明確的國會授權的情況下將SEC的權力擴大到整個數字資產生態系統。” “將每個數字資產都視為安全性，無論其目的如何，美國都會喪失其在金融技術方面的領導地位。”