涉及加密貨幣的某些證券交易委員會（SEC）案件的最新駁回促使有關Solana（Sol），Polygon（Matic）和Cardano（ADA）的法律地位的問題。

這些令牌面臨審查。市場對法律不確定性做出了反應。 SEC在過去的訴訟中將這些令牌歸類為證券。

Recent dismissals by a federal judge of certain Securities and Exchange Commission (SEC) cases involving cryptocurrencies have sparked interest in the legal standing of Solana (SOL), Polygon (MATIC), and Cardano (ADA).

聯邦法官最近對某些證券交易委員會（SEC）案件（SEC）案件的駁回引發了人們對Solana（Sol），Polygon（Matic）和Cardano（ADA）的法律地位的興趣。

What Happened: These three tokens faced scrutiny in the past as the SEC classified them as securities in its lawsuits against crypto exchange platforms. The dismissals by the judge, which prompted reassessments of the tokens’ legal status, came after a judge questioned the SEC’s broad definition of securities in its cases against the exchange platforms.

發生了什麼：過去，這三個令牌在針對加密貨幣交換平台的訴訟中將其歸類為證券，過去曾面臨審查。法官的解僱促使對代幣的法律地位進行了重新評估，此前法官質疑SEC在其針對交換平台的案件中對證券的廣泛定義。

The SEC’s actions to classify certain crypto tokens as unregistered securities have significant regulatory implications for exchanges and token issuers, especially given the vast market capitalisation of these tokens.

SEC將某些加密代幣分類為未註冊證券的行動對交易所和代幣發行人具有重大的監管含義，尤其是考慮到這些代幣的大量市值。

However, recent court decisions have challenged the SEC’s approach, with judges demanding clearer definitions and requiring the agency to provide more evidence for its claims.

但是，最近的法院判決對SEC的做法提出了質疑，法官要求更明確的定義，並要求該機構為其主張提供更多證據。

A legal expert from Davis Polk & Wardwell highlighted the potential shift in regulatory focus, stating that the court decisions place a greater burden of definition and evidence on the SEC.

戴維斯·波爾克（Davis Polk＆Wardwell）的一位法律專家強調了監管重點的潛在轉變，指出法院的裁決在SEC上賦予了更大的定義和證據負擔。

“The court wants to see a more finely tuned definition of what an investment contract is and what the evidence of that is in the context of these tokens,” the expert said.

專家說：“法院希望看到對投資合同是什麼以及在這些代幣背景下的證據的更精細的定義。”

See More: Best Cryptocurrency Scanners

查看更多：最佳加密貨幣掃描儀

Why It's Important: The definition of a security, often determined using the "Howey Test," remains a central point of contention. Judges have requested specific evidence of investment contracts and direct agreements between issuers and buyers.

為什麼重要的是：安全的定義通常使用“ Howey測試”確定，仍然是爭論的中心點。法官要求發行人與買家之間的投資合同和直接協議的具體證據。

In its lawsuits, the SEC named SOL, MATIC, and ADA among the tokens it claimed were illegally sold as securities by exchange platforms. The regulator’s actions to shut down the crypto exchange platforms also brought forth issues of token delisting and the potential for legal action against token issuers.

在其訴訟中，它聲稱的代幣中名為SOL，Matic和Ada的SEC被通過交易平台非法出售為證券。監管機構關閉加密交流平台的行動也提出了代幣的問題以及對代幣發行人採取法律行動的潛力。

The recent dismissals do not fully resolve these issues, but they shift the focus back to the SEC to provide a more focused and defined approach to regulating digital assets.

最近的解僱並不能完全解決這些問題，但是它們將重點轉移到SEC，以提供一種更加集中和定義的調節數字資產的方法。

Top Industry Leaders Urge Congress to Create Clear Crypto Regulations: A Deeper Dive

頂級行業領導人敦促國會制定明確的加密法規：更深入的潛水

Industry analysts believe that legislative action is crucial to provide lasting clarity and stability to the crypto market. They suggest that Congress should take the lead in establishing a clear regulatory framework for digital assets, which would reduce uncertainty and foster responsible innovation in the sector.

行業分析師認為，立法行動對於為加密市場提供持久的清晰度和穩定至關重要。他們認為，國會應以建立數字資產的明確監管框架來領導，這將減少該行業的不確定性並促進負責任的創新。

The judge's decisions provide a degree of relief for Solana, Polygon, and Cardano, suggesting a potential change in regulatory enforcement that could affect the immediate legal pressure on these tokens. However, the long-term regulatory status of these tokens remains to be seen as the broader legal battles between the SEC and crypto firms continue to shape the future of digital assets and the boundaries of regulatory oversight.

法官的決定為Solana，Polygon和Cardano提供了一定程度的救濟，這表明監管執法可能會改變，這可能會影響這些代幣對這些代幣的立即法律壓力。但是，這些代幣的長期監管狀況仍有待視為，因為SEC和加密公司之間的更廣泛的法律鬥爭繼續塑造數字資產的未來和監管監督的界限。

The crypto market will be closely observing whether the SEC chooses to appeal the recent court decisions or adjust its strategy to focus on more narrowly defined categories of digital assets in future lawsuits.

加密市場將密切觀察SEC是否選擇對最近的法院裁決提出上訴或調整其戰略，以專注於未來訴訟中更狹窄的數字資產類別。

Trading platforms showed a significant increase in trading volume for Solana, Polygon, and Cardano following the court decisions, which could be attributed to decreased legal uncertainty and increased market confidence. This led to traders accumulating tokens that were previously subject to legal concerns.

貿易平台顯示出法院的裁決後，索拉納，多邊形和卡爾達諾的交易量顯著增加，這可能歸因於法律不確定性下降和市場信心增加。這導致交易者積累了以前受到法律關注的代幣。

The absence of a clear regulatory framework poses challenges for market stability and Long-term investment decisions, as investors prefer regulatory certainty in making informed investment choices.

缺乏明確的監管框架對市場穩定和長期投資決策構成了挑戰，因為投資者更喜歡在做出明智的投資選擇時進行監管確定性。