繼美國加密貨幣景觀的最新發展之後，潮汐可能正在轉變

正如唐納德·特朗普總統的政府似乎對加密貨幣法規的更開放的立場一樣

Following recent developments in the U.S. crypto landscape, President Donald Trump’s administration has seemingly signaled a more open stance towards cryptocurrency regulation, potentially shifting the tides in the industry.

根據美國加密貨幣景觀的最新發展，唐納德·特朗普總統的政府似乎表明了對加密貨幣監管的更加開放的立場，可能會改變行業的潮流。

As the Securities and Exchange Commission (SEC) recently decided to drop lawsuits against major players like Coinbase (NASDAQ:COIN) and Robinhood Crypto, a subsidiary of Robinhood Markets (NASDAQ:HOOD), after a series of setbacks in its efforts to regulate the sector, there could be a potential shift in policy direction.

由於證券交易委員會（SEC）最近決定對Robinhood Markets（Nasdaq：Hood）的子公司Coinbase（NASDAQ：COIN）和Robinhood Crypto等主要參與者提起訴訟，此前它努力規範該行業的努力，可能會在政策方向上發生潛在的轉移。

Following the SEC’s withdrawal from these legal battles, which also included the conclusion of an investigation into Uniswap Labs, a factor that might be linked to a broader decline in market confidence, Bitcoin (BTC) experienced a 20% downturn from its peak of $109,114 to $87,000.

在SEC退出了這些法律鬥爭之後，這還包括對UNISWAP實驗室進行調查的結論，這一因素可能與市場信心的較大下降有關，比特幣（BTC）從109,114美元的峰值到87,000美元的峰值下降了20％。

This signals that while investors are growing tired of unpredictability, they ultimately care more about the overall health of the marketplace than the fortunes of individual companies.

這表明，儘管投資者越來越厭倦了不可預測性，但他們最終比單個公司的命運更關心市場健康狀況。

A common thread that has been pointed out by several observers is the financial backing that various cryptocurrency entities extended to Trump. Notably, Coinbase and Robinhood made substantial donations to Trump’s campaign, while Uniswap contributed to a pro-crypto political action committee (PAC) to the tune of $116 million.

幾位觀察家指出的一個共同點是，各種加密貨幣實體擴展到特朗普的財務支持。值得注意的是，Coinbase和Robinhood向特朗普的競選活動捐款大量捐款，而UNISWAP則為親克萊托普政治行動委員會（PAC）做出了貢獻，達到了1.16億美元。

This begs the question of whether these contributions influenced decisions at the regulatory level or if this shift is merely coincidental.

這就提出了一個問題，即這些貢獻是否影響了監管層面的決策，還是僅僅是偶然的轉變。

One potential litmus test for gauging the Trump administration’s approach to crypto will involve examining key regulatory parameters.

測量特朗普政府對加密貨幣的方法的潛在測試測試將涉及檢查關鍵監管參數。

The changing landscape might hinge on how the SEC defines token securities, a matter of critical importance as the previous administration signaled intent to classify a majority of tokens as securities.

不斷變化的景觀可能取決於SEC如何定義代幣證券，這是至關重要的問題，因為上一屆政府指出了將大多數代幣分類為證券的意圖。

Such classifications pose significant challenge for developers, as legal risks concerning unregistered securities loom heavily over them.

這種分類對開發人員構成了重大挑戰，因為關於未註冊證券的法律風險在它們上迫在眉睫。

Conversely, the Commodity Futures Trading Commission (CFTC) could play a pivotal role. If the CFTC assumes regulatory oversight of crypto, a less aggressive regulatory framework could emerge, thus granting crypto companies greater freedom and encouraging innovation within the U.S. market.

相反，商品期貨貿易委員會（CFTC）可以發揮關鍵作用。如果CFTC對加密貨幣進行監管監督，則可能會出現一個不太積極的監管框架，從而賦予加密貨幣公司更大的自由和鼓勵在美國市場內的創新。

Observers should be watchful of any actions taken by the CFTC that could signal a more accommodating environment for digital assets.

觀察者應注意CFTC採取的任何動作，這可能表明數字資產的環境更可容納。

Another crucial aspect to monitor is the evolving role of stablecoins. Adoption of these cryptocurrencies may serve as a cornerstone for expanding crypto payments, especially among small and medium-sized businesses (SMBs).

監測的另一個關鍵方面是穩定菌的不斷發展的作用。採用這些加密貨幣可能是擴大加密貨幣付款的基石，尤其是中小型企業（SMB）。

These companies often gravitate towards stablecoins for crypto transactions, yet they require a clear regulatory framework to navigate the potential risks. Establishing a dedicated legal approach to stablecoins can instill confidence among businesses, promoting a smoother transition to crypto payments.

這些公司經常傾向於進行加密交易的Stablecoins，但它們需要一個明確的監管框架來駕駛潛在的風險。建立專門的法律方法來穩定穩定的企業之間的信心，從而促進過渡到加密貨幣付款。

Yet another significant hurdle for the crypto sector encompasses banking access. Many crypto businesses struggle to secure traditional banking relationships, confronting high-service fees as banks perceive substantial risks associated with money laundering.

加密貨幣部門的另一個重大障礙包括銀行業務。許多加密貨幣企業都在努力確保傳統的銀行關係，而當銀行認為與洗錢相關的重大風險時，高級服務費。

For the crypto ecosystem to mature, financial institutions must adopt a more collaborative approach with crypto firms. A favorable shift from the Financial Crimes Enforcement Network (FinCEN) regarding its risk assessment guidelines could incentivize banks to engage more constructively with the crypto industry.

對於加密生態系統到成熟的生態系統，金融機構必須與加密公司採用更協作的方法。從金融犯罪執法網絡（FINCEN）就其風險評估指南的有利轉變可能會激勵銀行更建設性地與加密行業互動。

Despite the apparent shift towards a more favorable regulatory environment, uncertainty remains prevalent. The crypto landscape in the U.S. stands at a crossroads, where the actions of the CFTC, FinCEN, and potential regulatory changes could significantly influence the trajectory of digital assets.

儘管明顯轉向更有利的監管環境，但不確定性仍然普遍存在。美國的加密景觀位於十字路口，CFTC，FinCen和潛在的監管變化的行動可能會嚴重影響數字資產的軌跡。

Engaging with these regulatory bodies will prove crucial for stakeholders seeking clarity on the government’s intentions towards cryptocurrencies in the Trump era.

與這些監管機構互動對尋求政府對特朗普時代加密貨幣的意圖的利益相關者的意圖證明至關重要。