Gary Gensler對加密貨幣行業的長期生存能力表示懷疑

美國證券交易委員會最近決定撤回針對Ripple（XRP），Coinbase（Coin）（Coin）和Kraken等主要加密貨幣公司的高調執法行動，這表明監管方法發生了顯著轉變

The U.S. Securities and Exchange Commission’s (SEC) recent decision to withdraw high-profile enforcement actions against major cryptocurrency firms has sparked commentary from former SEC Chair Gary Gensler during a CNBC appearance.

美國證券交易委員會（SEC）最近決定針對主要的加密貨幣公司提起高調執法行動，這引發了前美國證券交易委員會主席加里·金斯勒（Gary Gensler）在CNBC出場期間的評論。

Gensler, whose tenure was marked by a rigorous “regulation by enforcement” strategy and skepticism towards the cryptocurrency industry’s long-term viability, expressed his view that 99% of the crypto sector’s value is driven by sentiment. He went on to warn that sentiment-fueled markets often face unsustainable outcomes, predicting that most digital tokens will decline.

Gensler的任期為嚴格的“執法法規”策略，對加密貨幣行業的長期生存能力的懷疑，他的觀點表示，加密貨幣部門的價值的99％是由情緒驅動的。他繼續警告說，情感燃料的市場經常面臨不可持續的結果，預測大多數數字代幣都會下降。

However, Gensler’s perspective differs from the optimism expressed by crypto industry leaders, who are celebrating the SEC’s retreat from legal battles against firms like Ripple (XRP), Coinbase (COIN), and Kraken.

但是，Gensler的觀點與加密行業領導人所表達的樂觀情緒不同，加密行業領導者正在慶祝SEC從與Ripple（XRP），Coinbase（Coinbase（Coin）和Kraken等公司的法律鬥爭中撤退。

Gensler’s remarks highlight a cautious view of digital assets, even as he acknowledged the enduring public interest in Bitcoin (BTC), which he suggested could persist due to its unique appeal and the approval of the first U.S.-based spot Bitcoin exchange-traded funds during his time at the SEC, facilitating institutional adoption.

Gensler的言論突出了對數字資產的謹慎觀點，即使他承認了對比特幣（BTC）的持久公眾利益，他建議這可以持續存在，因為它的獨特吸引力以及對SEC期間的首個美國現場比特幣交易所交易所的認可，促進了製度機構。

Gensler elaborated that while humanity has sustained fascination with only 2 or 3 precious metals like gold, the proliferation of 10 or 15,000 digital tokens, many driven by memes or sentiment, lacks a comparable foundation. This perspective underscores the challenges of establishing cryptocurrencies as a stable asset class within traditional financial systems.

Gensler詳細闡述了，儘管人類僅對黃金等2或3種珍貴金屬持續著迷，而10或15,000個數字令牌的擴散，許多受模因或情感驅動的數字代幣，但缺乏可比的基礎。這種觀點強調了將加密貨幣確立為傳統​​金融系統中穩定資產類別的挑戰。

The SEC’s current withdrawal from cases, including its decision to formally abandon an appeal against Ripple Labs, marks a departure from the aggressive stance that defined Gensler’s leadership. While the agency has not publicly detailed the reasons for this pivot, the move has alleviated immediate regulatory pressure on the crypto industry, prompting speculation about a broader policy shift.

美國證券交易委員會目前從案件中提取的案件，包括其決定正式放棄對Ripple Labs的上訴的決定，這標誌著與確定Gensler領導的積極立場背道而馳。儘管該機構尚未公開詳細介紹該樞紐的原因，但此舉已經減輕了對加密貨幣行業的立即監管壓力，從而促使人們對更廣泛的政策轉變進行了猜測。

The change has sparked a wave of optimism among industry leaders, as noted by CNBC host Andrew Ross Sorkin, who described crypto CEOs as taking “victory laps” in response to the dropped cases. However, Gensler’s warnings suggest that regulatory and market challenges persist, particularly as the industry grapples with balancing innovation against the need for investor protection and market stability.

正如CNBC主持人安德魯·羅斯·索金（Andrew Ross Sorkin）指出的那樣，這一變化激發了行業領導人的一波樂觀，他將加密貨幣首席執行官描述為響應掉落的案件而佔據了“勝利圈”。但是，Gensler的警告表明，監管和市場挑戰持續存在，尤其是當行業與對投資者保護和市場穩定的需求保持平衡時，該行業陷入了努力。

The evolving regulatory landscape will likely continue to shape the trajectory of digital assets, with Bitcoin and a select few tokens potentially carving out a lasting role amid a crowded and volatile market.

不斷發展的監管格局可能會繼續塑造數字資產的軌跡，而比特幣和精選的少數代幣可能在擁擠和波動的市場中脫穎而出。