加密法律師協會致當選總統川普的一封信

在去年納許維爾比特幣會議上的主題演講中，您承諾如果再次當選，將使美國成為世界加密貨幣之都

As President-Elect Trump prepares to return to office on Monday, a group of crypto law practitioners have penned a letter to him outlining regulatory policies that they believe will help the United States become the crypto capital of the world.

在當選總統川普準備週一重返辦公室之際，一群加密貨幣法律從業者給他寫了一封信，概述了他們認為將有助於美國成為世界加密貨幣之都的監管政策。

“In your keynote address at the Bitcoin conference in Nashville last year, you pledged to make the United States the crypto capital of the world if re-elected for a second term,” the letter begins. “As you return to the presidential office this Monday, we write to you as practicing members of the crypto law bar to recommend regulatory policies that will help you to achieve that goal.”

信中寫道：“在去年納什維爾比特幣會議上的主題演講中，您承諾如果連任，將使美國成為世界加密貨幣之都。” “當您本週一返回青瓦台時，我們寫信給您，作為加密法律師協會的執業成員，向您推薦監管政策，以幫助您實現這一目標。”

The signatories go on to argue that the United States is “naturally positioned to lead the world in [crypto's] development,” but that regulators have “until now refused to adapt existing laws to digital assets and the blockchains that underpin them (or even to explain why not), and created an unfavorable business environment that has driven many entrepreneurs and developers abroad.”

簽署者繼續辯稱，美國“自然有能力在[加密貨幣]的發展方面引領世界”，但監管機構“迄今為止拒絕將現有法律適用於數位資產和支撐它們的區塊鏈（甚至拒絕對數字資產和區塊鏈進行調整）」。解釋為什麼不），並創造了不利的商業環境，驅使許多企業家和開發人員出國。”

To remedy this situation, the lawyers propose that the Trump administration pursue forward-looking policies across three areas:

為了改變這種情況，律師建議川普政府在三個領域推行前瞻性政策：

- Supporting U.S. companies

- 支持美國公司

- Promoting crypto values such as privacy, disintermediation, and decentralization

- 推廣隱私、去中介化和去中心化等加密價值

- Cultivating a favorable business environment domestically.

——在國內培育良好營商環境。

In the first area, the signatories suggest that the administration support U.S.-based businesses in the crypto industry by providing "clear rules of the road and proper regulatory guidance." They also recommend that Congress resist giving the U.S. securities laws an overbroad application, and that it be bold in its approach to crypto regulation, which includes not feeling bound by prior legislative efforts and also charting a unique path forward for the United States.

在第一個領域，簽署者建議政府透過提供「明確的規則和適當的監管指導」來支持加密產業的美國企業。他們還建議國會不要對美國證券法給予過於廣泛的應用，並在加密貨幣監管方面採取大膽的做法，其中包括不受先前立法努力的束縛，並為美國製定獨特的前進道路。

“General rules of the road,” they write, “are necessary, but your administration should also urge Congress and the relevant agencies to address specific sectors due to their strategic importance to the crypto industry and the nation. These include stablecoins, TradFi integration, and DeFi.”

他們寫道：「一般規則是必要的，但你的政府也應該敦促國會和相關機構解決特定部門的問題，因為它們對加密產業和國家具有戰略重要性。其中包括穩定幣、TradFi 整合和 DeFi。

In terms of fostering innovation through a commitment to crypto values, the lawyers argue that regulatory policy must show respect for crypto values, including privacy, disintermediation, and decentralization. They identify two key regulatory principles that arise from this commitment:

在透過對加密價值的承諾來促進創新方面，律師們認為，監管政策必須尊重加密價值，包括隱私、去中介化和去中心化。他們確定了這項承諾產生的兩個關鍵監管原則：

1. Regulation should not impose greater burdens on crypto where traditional analogs exist.

1. 監管不應對存在傳統類似物的加密貨幣施加更大的負擔。

2. Regulation should evolve where traditional analogs are absent.

2. 監管應該在傳統類似方式缺失的地方不斷發展。

“When it comes to treating crypto the same as traditional assets and tools,” they continue, “the first principle impacts products like self-custody wallets, which enable users to hold and manage their own private keys. Because these tools are analogous to physical wallets used for personal asset management, they should not be treated any differently.”

他們繼續說：「當談到將加密貨幣視為與傳統資產和工具相同時，第一個原則會影響自我託管錢包等產品，這些產品使用戶能夠持有和管理自己的私鑰。由於這些工具類似於用於個人資產管理的實體錢包，因此不應對它們進行任何區別對待。

The signatories also discuss the importance of treating crypto differently where traditional analogs are absent, arguing that this principle demands regulators resist placing crypto actors and activities into legacy frameworks that are incompatible with crypto.

簽署者還討論了在傳統類似物不存在的情況下以不同方式對待加密貨幣的重要性，認為這一原則要求監管機構抵制將加密貨幣參與者和活動放入與加密貨幣不相容的遺留框架中。

“Regrettably, this is the path that many U.S. regulators have chosen,” they write. “The IRS has begun treating crypto front-ends as “brokers” absent statutory authority. The Department of Justice has begun charging non-custodial wallet developers with unlicensed money-transmission violations despite its longstanding policy to the contrary. And the U.S. Treasury has sanctioned the smart contract of privacy mixer Tornado Cash even though it is neither a foreign person nor property, but merely code. (An appellate court overturned the sanction.)”

「遺憾的是，這是許多美國監管機構選擇的道路，」他們寫道。 「美國國稅局已開始將加密貨幣前端視為缺乏法定權力的『經紀人』。儘管長期以來的政策與此相反，但司法部已開始對非託管錢包開發商收取未經許可的資金傳輸違規行為的指控。美國財政部批准了隱私混合器 Tornado Cash 的智慧合約，儘管它既不是外國人，也不是財產，而只是代碼。 （上訴法院推翻了這一制裁。）”

Finally, the lawyers urge the Trump administration to create a welcoming business environment for crypto companies in the U.S. They recommend that the administration end the de-banking of crypto companies, improve SEC rule-making and enforcement, roll back punitive tax rules, and reduce unnecessary red tape.

最後，律師敦促川普政府為美國的加密貨幣公司創造一個歡迎的商業環境。規則，並減少不必要的繁文縟節。

“In pursuing the above forward-looking policies, we encourage your administration to consult with industry leaders and remain sensitive to the transnational scope of the digital asset ecosystem,” the letter concludes. “We also recommend leveraging devices, such as regulatory sandboxes, that limit the risk of unintended regulatory consequences. The time is ripe for the United States to begin asserting its global regulatory leadership. By ensuring that it does, your administration will be contributing to the country’s future economic prosperity and endorsing a technology that rests on deeply held American values and freedoms. You should seize the moment.”

信中總結道：“在推行上述前瞻性政策時，我們鼓勵貴政府與行業領導者進行磋商，並對數位資產生態系統的跨國範圍保持敏感。” 「我們也建議利用監管沙箱等設備，以限制意外監管後果的風險。美國開始維護其全球監管領導地位的時機已經成熟。透過確保這一點，您的政府將為國家未來的經濟繁榮做出貢獻，並支持一項基於美國根深蒂固的價值觀和自由的技術。你應該抓住時機。

The letter was signed by the following members of the Crypto Law Bar: Ivo Entchev, Olta Andoni, Stephen Rutenberg, Donna Redel, Mike Bacina, Joe Carlasare, Eli Cohen, Mike Frisch, Jason Gottlieb, Eric Hess, Katherine Kirkpatrick, Dan McAvoy, John McCarthy, Margaret Rosenfeld, Gabriel Shapiro, Ben Snipes, Noah Spaulding, Andrea Tinianow, Jenny Vatrenko, Collin Woodward, and Rafael Yakobi. The views represented and reflected upon are those of the signatories and not necessarily of their employers.

這封信由加密法律師協會的以下成員簽署：Ivo Entchev、Olta Andoni、Stephen Rutenberg、Donna Redel、Mike Bacina、Joe Carlasare、Eli Cohen、Mike Frisch、Jason Gottlieb、Eric Hess、Katherine Kirkpatrick、Dan McAvoy、約翰·麥卡錫、瑪格麗特·羅森菲爾德、加布里埃爾·夏皮羅、本·斯奈普斯、諾亞·斯波爾丁、安德里亞·蒂尼亞諾、珍妮·瓦特連科、科林·伍德沃德和拉斐爾·雅科比。所代表和反映的觀點是簽署者的觀點，不一定是其雇主的觀點。