Coinbase 诉 SEC：未注册证券引发的加密货币交易纠纷移至美国第二巡回上诉法院

Coinbase 已获得联邦法官的批准，请求对美国证券交易委员会 (SEC) 的指控进行特别和有限的上诉。

Coinbase has obtained approval from a federal judge for its request for a special and limited appeal against the charges from the United States Securities and Exchange Commission (SEC). Now the controversy over crypto trading as unregistered securities or not will move to the United States Court of Appeals for the Second Circuit.

Coinbase 已获得联邦法官的批准，请求对美国证券交易委员会 (SEC) 的指控进行特别和有限的上诉。现在，关于加密货币交易是否作为未注册证券的争议将转移到美国第二巡回上诉法院。

In practice, now, the controversy over crypto trading as unregistered securities or not, will move to the United States Court of Appeals for the Second Circuit. In contrast, the rest of the case between Coinbase and the SEC will remain stalled and inactive.

实际上，现在，关于加密货币交易是否作为未注册证券的争议将转移到美国第二巡回上诉法院。相比之下，Coinbase 和 SEC 之间的其余案件将保持停滞和不活跃。

This is a real acceleration on a potential definitive answer to the question of whether some tokens and crypto should be treated as securities.

对于某些代币和加密货币是否应被视为证券的问题，这确实加速了潜在的明确答案。

In fact, if the outcome of the United States Court of Appeals for the Second Circuit were to affirm that the SEC was wrong with its accusations against Coinbase, this would become an echo for the entire cryptocurrency sector.

事实上，如果美国第二巡回上诉法院的结果确认 SEC 对 Coinbase 的指控是错误的，这将成为整个加密货币领域的回声。

The judge Failla, approving the move of the case to a trial known as an interlocutory appeal, nevertheless disapproved of some statements by Coinbase.

Failla 法官批准将案件移至中间上诉审判，但不同意 Coinbase 的一些声明。

Here’s what he said:

他是这样说的：

\”[I do not appreciate] the company’s efforts to cast shadows on the SEC’s approach to crypto assets\”

“[我不赞赏]该公司为 SEC 处理加密资产的方法蒙上阴影的努力”

In any case, Failla also stated that he welcomes Coinbase’s request for April 2024 for the following reasons:

无论如何，Failla 还表示，他欢迎 Coinbase 在 2024 年 4 月提出的要求，原因如下：

“because it presents a question of law of fundamental importance regarding the scope and application of Howey to crypto-assets, on which there is a substantial reason for divergence of opinions, and whose resolution would anticipate the definitive conclusion of the SEC’s enforcement action”.

“因为它提出了一个关于 Howey 对加密资产的范围和应用具有根本重要性的法律问题，在这个问题上存在意见分歧的重大原因，并且其决议将预示 SEC 执法行动的最终结论”。

Last October, the CEO of Coinbase, Brian Armstrong, had stated that the next President of the SEC should apologize to the American people for the damage caused to the crypto world.

去年 10 月，Coinbase 首席执行官布莱恩·阿姆斯特朗 (Brian Armstrong) 曾表示，下一任 SEC 主席应该为给加密世界造成的损害向美国人民道歉。

At that moment, it was not known that Trump was the new elected President of the USA, and that there would be this new opening in favor of the sector.

当时，还不知道特朗普是新当选的美国总统，也不知道会有利于该行业的新开放。

In any case, for Armstrong, the apologies from the SEC would be the symbol of a \”new beginning\” to start the process of restoring trust in the institution.

无论如何，对于阿姆斯特朗来说，美国证券交易委员会的道歉将象征着“新的开始”，开始恢复对该机构的信任。