SEC 的秘密調查揭露了 Gensler 對以太坊作為未註冊證券的懷疑

根據 Consensys 對 SEC 訴訟的未編輯版本，SEC 主席 Gary Gensler 一年前將第二大加密貨幣以太坊視為未註冊的證券。 SEC 執法部門主管 Gurbir Grewal 於 2023 年 3 月發起了正式調查，涉及向多個以太坊相關實體發出傳票。據報道，美國證券交易委員會強制保密，防止傳票接收者透露有關調查的資訊。

SEC's Secret Probe Uncovers Gensler's Suspicions of Ethereum as an Unregistered Security

SEC 的秘密調查揭開了 Gensler 對以太坊作為未註冊證券的懷疑

A bombshell revelation emerged from the unredacted lawsuit filed by ConsenSys against the U.S. Securities and Exchange Commission (SEC), exposing the agency's covert investigation into Ethereum's security status and the SEC Chairman's long-held suspicions about its classification.

ConsenSys 對美國證券交易委員會 (SEC) 提起的未經編輯的訴訟揭露了一個重磅炸彈，暴露了該機構對以太坊安全狀況的秘密調查以及 SEC 主席長期以來對其分類的懷疑。

According to the unredacted documents, SEC Chairman Gary Gensler harbored concerns about Ethereum's legal status as early as a year ago, viewing the second-largest cryptocurrency as an unregistered security. This stance prompted Gurbir Grewal, Director of the Division of Enforcement, to initiate a formal investigation in March 2023, issuing subpoenas to various individuals and entities associated with the Ethereum token.

根據未經編輯的文件，SEC 主席 Gary Gensler 早在一年前就對以太坊的法律地位表示擔憂，將第二大加密貨幣視為未註冊的證券。這一立場促使執法部門主管 Gurbir Grewal 於 2023 年 3 月發起正式調查，向以太坊代幣相關的各個個人和實體發出傳票。

Secrecy and Nondisclosure Agreements

保密和保密協議

The SEC's investigation was cloaked in secrecy, with sources comparing their experience to signing nondisclosure agreements. Subpoena recipients were instructed to remain silent about the probe in exchange for access to further information. ConsenSys, a key Ethereum backer, was among those targeted with subpoenas.

美國證券交易委員會的調查是保密的，消息人士將他們的經歷與簽署保密協議進行了比較。傳票接收者被要求對調查保持沉默，以換取進一步的資訊。 ConsenSys 是以太坊的主要支持者，也是傳票的目標之一。

Wells Notice and SEC's Refusal to Clarify

威爾斯通知和 SEC 拒絕澄清

ConsenSys's subsequent lawsuit against the SEC revealed that the company received a Wells notice from the regulator in April, signaling the SEC's intention to take enforcement action. Despite repeated inquiries from Congressman Patrick McHenry during a congressional hearing in April 2023, Chairman Gensler declined to clarify his position on Ethereum's security status. Just days after the hearing, the SEC voted to approve the Ethereum investigation.

ConsenSys 隨後對 SEC 提起的訴訟顯示，該公司於 4 月收到了監管機構發出的 Wells 通知，表明 SEC 打算採取執法行動。儘管國會議員帕特里克·麥克亨利在 2023 年 4 月的國會聽證會上多次詢問，主席 Gensler 拒絕澄清他對以太坊安全狀況的立場。聽證會後幾天，美國證券交易委員會投票批准了以太坊調查。

Hostile Stance and Gensler's Shifting Views

敵對立場與詹斯勒的觀點轉變

The SEC's adversarial stance toward Ethereum is not entirely unexpected. In a recent interview, Gensler hinted that Ethereum could fall under the jurisdiction of unregistered securities laws. Notably, his previous stance during his MIT days recognized Ether as a non-security. However, Ethereum's transition to a proof-of-stake consensus mechanism appears to have altered his perspective.

美國證券交易委員會對以太坊的敵對立場並不完全出乎意料。在最近的一次採訪中，Gensler 暗示以太坊可能受到未註冊證券法的管轄。值得注意的是，他之前在麻省理工學院任職期間的立場將以太幣視為非證券。然而，以太坊向權益證明共識機制的轉變似乎改變了他的觀點。

Confusion and Contradiction

混亂與矛盾

The SEC's approval of Ethereum futures exchange-traded funds (ETFs) has raised questions about its underlying stance on the cryptocurrency. ETF analyst Nate Geraci expressed confusion, stating that the approval of eth futures ETFs implied implicit acceptance of Ethereum as a non-security commodity.

美國證券交易委員會批准以太坊期貨交易所交易基金（ETF）引發了人們對其對加密貨幣的基本立場的質疑。 ETF 分析師 Nate Geraci 表示困惑，他表示 ETH 期貨 ETF 的批准意味著隱含地接受以太坊作為非證券商品。

Unresolved Questions and Legal Implications

未解決的問題和法律影響

The unredacted lawsuit and the SEC's ongoing investigation have brought to light the agency's concerns about Ethereum's security status. However, the SEC's lack of clarity and its secretive approach have left many questions unanswered. The legal implications of the investigation remain uncertain, and the fate of Ethereum as an unregistered security or a non-security commodity hangs in the balance.

未經編輯的訴訟和美國證券交易委員會正在進行的調查暴露了該機構對以太坊安全狀況的擔憂。然而，美國證券交易委員會的不明確性及其遮遮掩掩的做法使得許多問題沒有得到解答。調查的法律影響仍不確定，以太坊作為未註冊證券或非證券商品的命運懸而未決。