Gensler 關於加密貨幣和資本市場的 11 個重要問題

距離唐納德·川普就任美國總統只剩下 6 天了。 1月14日，美國證券交易委員會主席詹斯勒 (Gary Gensler)

Gary Gensler, Chairman of the Securities and Exchange Commission (SEC), is set to step down from his position on January 20. Before his departure, Gensler gave consecutive interviews to CNBC and Yahoo Finance, where he discussed his leadership style and policy legacy at length.

美國證券交易委員會 (SEC) 主席加里·詹斯勒 (Gary Gensler) 將於 1 月 20 日卸任。

During the interviews, Gensler touched upon a wide range of topics, including the SEC's recent actions against Robinhood and some private equity firms, the potential impact of the next administration on the SEC, and the role of cryptocurrency in the recent presidential election.

在採訪中，Gensler 談到了廣泛的話題，包括 SEC 最近針對 Robinhood 和一些私募股權公司的行動、下一屆政府對 SEC 的潛在影響，以及加密貨幣在最近的總統選舉中的作用。

Gensler also addressed the challenges he faced during his tenure, such as the high rate of legal losses and the difficulties in regulating cryptocurrencies. He expressed optimism about the future of capital markets and shared his perspectives on topics like prediction markets and the importance of clear market fundamentals.

Gensler 也談到了他在任職期間面臨的挑戰，例如法律損失率高以及監管加密貨幣的困難。他對資本市場的未來表示樂觀，並分享了他對預測市場和清晰的市場基本面的重要性等主題的看法。

Here are some key highlights from Gensler's interviews:

以下是 Gensler 採訪的一些要點：

On the SEC's continuing actions: “We are entrusted by the public to ensure that capital markets operate for them, protect investors, and ensure compliance with the law. We have an important responsibility, and we will fulfill that responsibility, regardless of who is in leadership.”

關於 SEC 的持續行動：「我們受公眾委託，確保資本市場為他們運作、保護投資者並確保遵守法律。我們肩負著重要的責任，無論誰擔任領導，我們都將履行這一責任。

On the next administration's impact on the SEC: “The achievements we have made during this administration are significant. I took office after the GameStop incident, during a peak period for special purpose acquisition companies (SPACs), and we implemented the most important reforms in the stock market. I would say that we completed these reforms in a unanimous and bipartisan manner with other commissioners.”

關於下一屆政府對 SEC 的影響：「我們在本屆政府期間的成就是主要的。我在GameStop事件後上任，正值特殊目的收購公司（SPAC）的高峰期，我們實施了股市最重要的改革。我想說的是，我們與其他委員以兩黨一致的方式完成了這些改革。

On cryptocurrency supporters' role in Trump's recent election victory: “Building trust in capital markets is important, and people need to comply with the laws passed by Congress, and this great institution is responsible for enforcing those laws. Think about this issue: we have rules on the highway, we have traffic lights, and we have police officers. If you are driving a hybrid car on the highway, does it not need to follow traffic laws? Or does an electric car not need to follow the rules on the highway?”

關於加密貨幣支持者在川普最近的選舉勝利中所扮演的角色：「建立對資本市場的信任很重要，人們需要遵守國會通過的法律，而這個偉大的機構負責執行這些法律。想想這個問題：我們在高速公路上有規則，我們有紅綠燈，我們有警察。如果你在高速公路上駕駛混合動力車，是否不需要遵守交通法規？或者電動車在高速公路上不需要遵守規則嗎？

On his biggest regret during his tenure: “For anyone working in government, this is an interesting time because the courts are undergoing significant changes. The great hockey player Wayne Gretzky once said something along the lines of, you should skate to where the puck is going, not to where it has been. Here, the courts are like the puck; where are they headed?”

關於他任職期間最大的遺憾：「對於任何在政府工作的人來說，這是一個有趣的時刻，因為法院正在經歷重大變化。偉大的曲棍球運動員韋恩·格雷茨基曾經說過這樣的話，你應該滑向冰球要去的地方，而不是滑向它曾經去過的地方。在這裡，法庭就像冰球；他們要去哪裡？

On his view of Bitcoin and other cryptocurrencies: “Bitcoin itself is not a security; neither I nor my predecessors have said that Bitcoin is a security, nor have we said that Ethereum is a security. I believe that investors in Bitcoin and Ethereum, including the general public you mentioned, had opportunities to invest long before the ETF products came along.”

關於他對比特幣和其他加密貨幣的看法：“比特幣本身不是一種證券；它是一種證券。”我和我的前任都沒有說過比特幣是證券，也沒有說過以太幣是證券。我相信比特幣和以太坊的投資者，包括你提到的公眾，早在ETF產品出現之前就有機會進行投資。

Gensler's interviews provide valuable insights into his perspectives on the SEC's role, the state of capital markets, and the challenges and opportunities presented by cryptocurrencies.

Gensler 的訪談提供了他對 SEC 角色、資本市場狀況以及加密貨幣帶來的挑戰和機會的看法的寶貴見解。