在特朗普擔任美國第47位總統的就職典禮之後，發生了重大轉變。

多年來，美國證券交易委員會（SEC）（SEC）與加密貨幣中一些最突出的名稱進行了法律鬥爭，包括Coinbase和UnisWap等交易所

The U.S. Securities and Exchange Commission (SEC) has been involved in legal battles with several prominent crypto firms in recent years.

近年來，美國證券交易委員會（SEC）（SEC）與幾家著名的加密企業進行了法律鬥爭。

The SEC’s enforcerment-focused approach, largely driven by former chair Gary Gensler, has sparked controversy among industry insiders. Critics have accused the agency of stifling innovation by attempting to regulate through lawsuits instead of establishing clear guidelines, ultimately pushing innovation out of the U.S.

SEC以前主席Gary Gensler驅動的以執行為重點的方法引發了行業內部人士的爭議。批評家指責該機構通過試圖通過訴訟來監管而不是建立明確的準則來扼殺創新，最終將創新推出了美國

Following the inauguration of the 47th U.S. president, Trump, there has been a noticeable shift at the SEC, with the new leadership opting to drop or temporarily suspend several cases and signaling a more cooperative approach to crypto oversight.

在美國第47位美國總統特朗普的就職典禮之後，SEC發生了明顯的轉變，新的領導人選擇下降或暫時中止幾起案件，並向加密監督採取更合作的方法。

Here are some of the crypto firms whose cases have been dropped or suspended:

以下是一些加密公司，其案件已被刪除或暫停：

Gemini

雙子座

The dispute between Gemini, a cryptocurrency exchange, and the U.S. Securities and Exchange Commission (SEC) revolved around Gemini’s Earn program. In January 2023, the SEC filed a lawsuit against Gemini and its partner, Genesis Global Capital, alleging that the Earn program was an unregistered securities offering.

Gemini，加密貨幣交易所與美國證券交易委員會（SEC）之間的爭議圍繞Gemini的賺錢計劃。 2023年1月，美國證券交易委員會（SEC）對雙子座及其合作夥伴Genesis Global Capital提起訴訟，指控賺錢計劃是未註冊的證券。

Gemini had partnered with Genesis to provide customers with the opportunity to earn high-yield returns on their crypto deposits. The SEC argued that this constituted an unregistered securities offering, rendering it illegal under U.S. law.

雙子座與Genesis合作，為客戶提供了在加密貨幣上獲得高收益回報的機會。 SEC認為，這構成了未註冊的證券，根據美國法律將其違法。

The situation escalated when Genesis encountered difficulties and halted all outflows in November 2022, later filing for bankruptcy. Consequently, many Gemini Earn users found themselves unable to withdraw their funds.

當創世紀遇到困難並在2022年11月遇到所有流出時，情況升級了，後來申請破產。因此，許多雙子座賺取用戶發現自己無法撤回其資金。

Gemini, however, maintained that no wrongdoing was committed and contested the SEC’s claims. The legal proceedings continued with discussions of potential settlements. Gemini asserted that the program was structured appropriately, while the SEC insisted that it violated securities laws.

然而，雙子座堅持認為，沒有做出不當行為，並提出了SEC的主張。法律程序繼續討論潛在和解。雙子座斷言該計劃的結構適當，而SEC則堅持認為其違反了證券法。

Finally, on February 24, 2025, Cameron, the co-founder of Gemini, announced that the SEC had decided to drop all cases against the crypto firm.

最終，在2025年2月24日，雙子座的聯合創始人卡梅倫宣布，SEC已決定將所有針對加密貨幣公司的案件放棄。

“This comes 699 days after the start of their investigation and 277 days after they sent us a Wells Notice,” he wrote on his X account.

他在X帳戶上寫道：“這是在調查開始後的699天，以及他們向我們發送Wells通知的277天之後。”

He also called for reimbursement from the SEC for the false allegations, which Cameron said had caused significant damage to the company and the industry, adding that several developers had left the company, unwilling to become further entangled in the case.

他還呼籲向SEC償還虛假指控，卡梅倫說，這對公司和行業造成了重大損害，並補充說，幾位開發商已離開公司，不願在此案中進一步糾纏。

“They should be ashamed,” he said.

他說：“他們應該感到羞恥。”

After former SEC boss Gary Gensler had threatened to put a ban on MIT graduates at a U.S. agency, Cameron said that “there should be a process that bars those like Gary Gensler who weaponize the law, as well those who participate in the weaponization, from ever being appointed to or hired by an agency again.”

在前美國證券交易委員會（SEC）的前任老闆加里·貢斯勒（Gary Gensler）威脅要在美國機構禁止MIT畢業生禁止後，卡梅倫說：“應該有一個程序禁止像加里·貢斯勒這樣的那些武器武器化法律的人，以及那些參與武器化的人，從再次被機構任命或僱用或被機構僱用。”

Justin Sun, Tron and Bitforrex

賈斯汀·孫，特隆和貝特福雷克斯

The U.S. Securities and Exchange Commission (SEC) is suing Justin Sun and his companies—Tron Foundation, BitTorrent Foundation, and Rainberry—for allegedly offering unregistered securities, manipulating trading volumes, and secretly paying celebrities to promote TRX and BTT tokens.

美國證券交易委員會（SEC）正在起訴賈斯汀·孫（Justin Sun）及其公司 - 特隆基金會，比特羅倫特基金會（Bittorrent Foundation）和雷伯里（Rainberry），據稱提供了未註冊的證券，操縱交易量，並秘密地付費以推廣TRX和BTT代幣。

The SEC also accused Sun’s companies of engaging in wash trading to create a false impression of market activity and liquidity in order to deceive investors.

美國證券交易委員會還指責Sun的公司從事Wash交易，以對市場活動和流動性產生錯誤的印象，以欺騙投資者。

Justin Sun is the founder of Tron (TRX) and the former CEO of BitTorrent. BitTorrent, a P2P file-sharing protocol created in 2001, was acquired by TRON in 2018, which then launched the BTT token. Tron (TRX) is a blockchain platform for decentralized apps and digital content, known for its fast, low-cost transactions.

賈斯汀·孫（Justin Sun）是Tron（TRX）的創始人，也是Bittorrent的前首席執行官。 Bittorrent是一項P2P文件共享協議，該協議於2001年創建，於2018年被Tron收購，然後啟動了BTT令牌。 TRON（TRX）是一個用於分散應用程序和數字內容的區塊鏈平台，以其快速，低成本的交易而聞名。

Sun has vigorously contested the charges. His defense argued that the SEC lacked jurisdiction over foreign digital asset sales. In August 2024, a judge ruled in Sun’s favor by rejecting an SEC motion to introduce new arguments in the case. This decision was seen as a setback for the SEC, as the court denied its request for a pre-trial conference.

太陽激烈地提出了指控。他的辯方認為，SEC對外國數字資產銷售缺乏管轄權。 2024年8月，一名法官拒絕了SEC提出新論點的動議來裁定Sun的支持。該決定被視為SEC的挫折，因為法院否認了其進行預審會議的要求。

More recently, Sun and the SEC have jointly requested to pause the case while they explore a “potential resolution.” The parties believe this would serve their best interests and conserve judicial resources. This move follows a pattern seen in the SEC’s cases against other crypto firms like Coinbase and Binance.

最近，Sun和SEC在探索“潛在解決方案”時共同要求暫停此案。各方認為，這將符合他們的最大利益並保存司法資源。此舉遵循SEC案件中針對Coinbase和Binance等其他加密公司的模式。

ConsenSys

共識

ConsenSys, a leading blockchain software company founded by Joseph Lubin in 2014, is focused on developing Ethereum and Web3. The company has incubated key projects like MetaMask, Infura, and Truffle and is a major player in the Enterprise Ethereum Alliance. ConsenSys aims to drive decentralized innovation around the world.

由約瑟夫·盧賓（Joseph Lubin）於2014年創立的領先區塊鏈軟件公司Consensys致力於開發以太坊和Web3。該公司孵化了MetAmask，Infura和Truffle等關鍵項目，並且是企業以太坊聯盟的主要參與者。共識旨在推動世界各地的分散創新。

The legal battle between the SEC and ConsenSys began when the SEC sued ConsenSys for allegedly operating as an unregistered securities broker. This lawsuit arose from MetaMask, a popular crypto wallet tool developed by ConsenSys.

SEC與共識之間的法律鬥爭開始於SEC起訴共識，據稱是作為未註冊的證券經紀人運營的。該訴訟來自MetAmask，這是一種由共識共同開發的流行加密錢包工具。

ConsenSys had previously engaged in a dispute with the SEC over its plans to classify Ethereum as a security, which ultimately led to the SEC dropping its investigation into the blockchain network.

共同體以前曾就其將以太坊歸類為安全的計劃與SEC提出爭議，這最終導致SEC將其調查放到了區塊鍊網絡中。

Now, the SEC has agreed

現在，SEC已同意