国会搬到针对SEC推广和释放加密创新的针对SEC的证券法

美国立法者于4月9日在华盛顿作为数字资产，金融技术和人工智能小组委员会召集了其2025年国会会议的首次市场结构听证会。

In a pivotal move to overhaul U.S. securities laws and foster a new era of American crypto innovation, Congress is taking aim at SEC overreach.

为了大修美国证券法，并促进了美国加密创新的新时代，国会的目标是针对SEC Overreach。

The House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence convened its first market structure hearing of the 2025 congressional session on April 9.

众议院关于数字资产，金融技术和人工智能的小组委员会于4月9日召集了2025年国会会议的首次市场结构听证会。

The session, titled "American Innovation and the Future of Digital Assets: Aligning the U.S. Securities Laws for the Digital Age," explored how current regulatory ambiguities impact both innovation and investor protection in the digital asset space. Testimony from lawmakers and legal experts converged on a pressing need for Congress to intervene in defining digital asset laws.

该会议的标题为“美国创新和数字资产的未来：数字时代的美国证券法律”，探讨了当前的监管歧义如何影响数字资产领域的创新和投资者保护。立法者和法律专家的证词融合了国会迫切需要干预数字资产法。

"Last week, this Committee took an important step toward delivering real legislative certainty for payment stablecoins by advancing the STABLE Act," said Rep. French Hill (R-Ark.), chairman of the House Financial Services Committee. "It is incumbent on us to build on that momentum and continue working toward a comprehensive regulatory framework that establishes clear rules of the road for digital asset markets."

众议院金融服务委员会主席法国山（R-Ark。）表示：“上周，该委员会迈出了重要的一步，朝着付款稳定法案来提供真正的立法确定性。” “我们有责任在这一势头上建立势头，并继续致力于建立明确的数字资产市场道路规则的全面监管框架。”

Highlighting the urgency of congressional action, Subcommittee Chair Bryan Steil (R-Wis.) added: "It is crucial for this Committee to enact legislation that provides clear guidelines for issuers and market participants, facilitates capital formation, and maintains the integrity of both the digital asset ecosystem and the traditional financial system.

小组委员会主席Bryan Steil（R-Wis。）补充说：“该委员会颁布立法至关重要，为发行人和市场参与者提供明确的指导方针，促进资本形成，并维持两个数字资产生态系统和传统金融系统的完整性，这是至关重要的。

"Through this process, we must ensure that American innovators and entrepreneurs can thrive here at home."

“通过这一过程，我们必须确保美国创新者和企业家可以在家中蓬勃发展。”

Among the legal witnesses, Rodrigo Seira of Cooley LLP highlighted the pressing need for Congress to define digital asset laws to replace SEC-led regulation.

在法律证人中，Cooley LLP的Rodrigo Seira强调了对国会定义数字资产法以取代SEC领导的法规的迫切需求。

"Regulation, technological development, and the flows of financial capital are tightly intertwined and interact in a recurring pattern throughout history," said Seira. "We are living through that moment: it is clear that the current securities regulatory framework is not a viable option to regulate crypto and fails to achieve its stated policy goals."

Seira说：“监管，技术发展和金融资本的流动紧密地交织在一起，并以反复出现的模式相互作用。” “我们一直在那一刻生活：很明显，当前的证券监管框架不是监管加密货币并且未能实现其既定政策目标的可行选择。”

Pointing to the SEC’s limited progress in an area demanding urgency, Tiffany J. Smith from WilmerHale urged legislative clarity.

Wilmerhale的Tiffany J. Smith指出，SEC在要求紧迫性的地区的有限进展敦促立法清晰。

While recognizing the SEC’s efforts, Smith stated that the agency “has taken steps within its jurisdiction to provide regulatory clarity, these actions alone are not sufficient. I believe that action by Congress is necessary to have true regulatory clarity for the digital assets industry.”

史密斯在认识到美国证券交易委员会的努力时表示，该机构“已在其管辖范围内采取措施以提供监管性的清晰度，仅这些行动就不够。我相信国会采取的行动是为了对数字资产行业具有真正的监管性清晰度。”

Highlighting the broader implications of U.S. inaction, Polygon’s Chief Legal Officer Jake Werrett noted, "What began as a monetary innovation has become a foundation for decentralizing all forms of native digital assets and new programming paradigms like Web3. We cannot afford to be left behind, or to push valuable innovation offshore."

Polygon首席法律官Jake Werrett指出：“最初是一项货币创新，这已成为使所有形式的所有形式的本地数字资产和Web3等新的编程范式分散的基础。

Meanwhile, lawmakers also sounded the alarm on the potential of the current SEC leadership to hamper the U.S. in seizing a leadership role in the new era of digital assets.

同时，立法者还对当前SEC领导人的潜力阻碍了美国在数字资产的新时代发挥领导作用的潜力。

"The SEC under former Chairman Gary Gensler pursued an aggressive enforcement regulatory agenda that sought to extend the SEC’s authority over the entirety of the digital asset ecosystem in the absence of clear congressional mandate," said Rep. Troy Downing (R-Mont.). "Treating every digital asset as a security regardless of its purpose risks the United States forfeiting its leadership in financial technology."

众议员Troy Downing（R-Mont。）说：“前任董事长加里·贡斯勒（Gary Gensler）领导的SEC提出了一项积极的执法监管议程，该议程试图在没有明确的国会授权的情况下将SEC的权力扩大到整个数字资产生态系统。” “将每个数字资产都视为安全性，无论其目的如何，美国都会丧失其在金融技术方面的领导地位。”