具有里程碑意義的 Custodia 訴聯準會裁決引發憤怒：參議員 Lummis 要求監管機構遵守

美國參議員辛西婭·魯米斯 (Cynthia Lummis) 對聯準會 (Fed) 對 Custodia Bank 的裁決表示不同意見。她認為，聯準會在向懷俄明州特殊目的存款機構（SPDI）發行主帳戶方面的不作為違反了國會通過的法律。這項判決引發了人們對美國金融自由和創新的擔憂，因為許多與加密貨幣相關的企業也面臨類似的監管挑戰。

Landmark Custodia vs Fed Ruling Sparks Discord: Senator Lummis Calls for Legislative Compliance

具有里程碑意義的託管與聯準會裁決引發分歧：參議員魯米斯呼籲遵守立法

In the wake of a pivotal court judgment favoring the Federal Reserve (Fed) over Custodia Bank's lawsuit, United States Senator Cynthia Lummis has vehemently expressed her disagreement. The ruling, which has sent ripples through the financial and cryptocurrency sectors, has raised concerns about the implications for financial freedom and innovation within the United States.

在法院就託管銀行的訴訟做出有利於聯準會的關鍵判決後，美國參議員辛西婭·魯米斯強烈表達了她的不同意見。該裁決在金融和加密貨幣領域引起了連鎖反應，引發了人們對美國金融自由和創新影響的擔憂。

"The Fed's inaction in issuing master accounts is unacceptable, and I am disappointed in today's court ruling that goes against clear laws enacted by Congress," Senator Lummis asserted in a statement. "Wyoming SPDIs have the right to access master accounts. It is past time the Fed follows the laws passed by Congress."

參議員魯米斯在一份聲明中表示：“美聯儲在發行主帳戶方面的不作為是不可接受的，我對今天的法院裁決感到失望，該裁決違反了國會制定的明確法律。” “懷俄明州的 SPDI 有權訪問主帳戶。美聯儲現在應該遵守國會通過的法律。”

Custodia vs Fed: A Tale of Regulatory Challenges

Custodia 與 Fed：監管挑戰的故事

Custodia Bank, a Wyoming-chartered depository institution, initiated legal action against the Federal Reserve after an extended delay in the review of its application for a master account. Such accounts are essential for banks, as they grant direct access to the Fed's services, including check clearing, wire transfers, and automated clearinghouse (ACH) payments.

懷俄明州特許存款機構託管銀行在對其主帳戶申請的審查長期拖延後，對聯準會發起了法律訴訟。此類帳戶對於銀行至關重要，因為它們允許直接存取聯準會的服務，包括支票清算、電匯和自動清算所（ACH）支付。

Custodia's lawsuit challenged the Fed's classification of the bank as a "member bank," arguing that it did not meet the necessary criteria according to federal regulations. Despite these arguments, the court ruled in favor of the Fed, upholding its authority to regulate Custodia as a member bank.

Custodia 的訴訟質疑聯準會將該銀行歸類為“成員銀行”，認為該銀行不符合聯邦法規的必要標準。儘管有這些論點，法院還是做出了有利於聯準會的裁決，維護了聯準會作為成員銀行對 Custodia 進行監管的權力。

The lawsuit highlighted the regulatory challenges faced by many crypto-related businesses. Custodia's application had been pending for over 20 months before the Fed's eventual rejection, a delay well beyond the customary processing time for master account approvals.

該訴訟凸顯了許多加密相關企業面臨的監管挑戰。在聯準會最終拒絕之前，Custodia 的申請已經等待了 20 個多月，這一延遲遠遠超出了主帳戶批准的常規處理時間。

Scrutiny of Fed's Evaluation Process

對聯準會評估流程的審查

During the court proceedings, discrepancies were discovered in the assessment reports prepared by the Kansas City Fed and subsequently modified by the main Fed headquarters in Washington, D.C. Preliminary findings indicated that Custodia had met regulatory criteria for capital adequacy, risk management, and liquidity. However, these assessments were later altered to emphasize perceived deficiencies, casting doubt on the objectivity and fairness of the evaluation process.

在法庭訴訟過程中，堪薩斯城聯邦儲備銀行準備的評估報告被發現存在差異，隨後華盛頓特區的聯邦儲備銀行總部對其進行了修改。初步調查結果表明，Custodia 符合資本充足率、風險管理和流動性的監管標準。然而，這些評估後來被改變，以強調明顯的缺陷，使人們對評估過程的客觀性和公平性產生懷疑。

Critics have suggested that the alterations reflect a broader distrust and regulatory conservatism towards digital asset service providers, potentially hindering the growth and innovation of the industry.

批評者認為，這些變化反映了對數位資產服務提供者更廣泛的不信任和監管保守主義，可能會阻礙該行業的成長和創新。

Support for Custodia and the Broader Implications

對託管的支援和更廣泛的影響

The Custodia vs Fed lawsuit has garnered significant attention and support from various entities, including the Blockchain Association and the Wyoming Attorney General. Their backing underscores the perceived wider consequences of the case, which extend beyond the specific interests of Custodia to fundamental issues of regulatory clarity, financial innovation, and the integration of digital assets into the mainstream financial system.

Custodia 與聯準會的訴訟得到了包括區塊鏈協會和懷俄明州總檢察長在內的各個實體的高度關注和支持。他們的支持凸顯了該案所帶來的更廣泛的後果，這些後果超出了 Custodia 的具體利益，擴展到監管清晰度、金融創新以及數位資產融入主流金融體係等基本問題。

Senator Lummis's vocal opposition to the court ruling aligns with concerns raised by some policymakers regarding an overly cautious or obstructive regulatory approach towards the crypto industry, often referred to as "Operation Chokepoint 2.0." This term alludes to allegations of a systematic effort to restrict the activities of cryptocurrency businesses through stringent regulatory measures.

Lummis 參議員對法院裁決的強烈反對，與一些政策制定者對加密行業過於謹慎或具有阻礙性的監管方式（通常被稱為“Operation Chokepoint 2.0”）的擔憂不謀而合。該術語暗示了透過嚴格的監管措施系統性地限制加密貨幣業務活動的指控。

A Crossroads for Digital Asset Regulation

數位資產監管的十字路口

The Custodia vs Fed case has brought into sharp focus the ongoing debate surrounding the regulation of cryptocurrencies and digital assets. Supporters of the industry argue that excessive regulation stifles innovation and limits the potential of this transformative technology. Opponents, on the other hand, emphasize the need for robust oversight to protect consumers and ensure financial stability.

Custodia 與聯準會的案件使圍繞加密貨幣和數位資產監管正在進行的爭論成為焦點。該行業的支持者認為，過度監管會扼殺創新並限制這種變革性技術的潛力。另一方面，反對者強調需要強而有力的監管來保護消費者並確保金融穩定。

As the legal and regulatory landscape continues to evolve, the full implications of the Custodia vs Fed ruling remain to be seen. However, the case has undoubtedly ignited a critical dialogue about the role of government in fostering innovation while safeguarding the integrity of the financial system.

隨著法律和監管環境的不斷發展，託管與聯準會裁決的全面影響仍有待觀察。然而，該案無疑引發了一場關於政府在促進創新、同時維護金融體系完整性方面的作用的批判性對話。