Gary Gensler对加密货币行业的长期生存能力表示怀疑

美国证券交易委员会最近决定撤回针对Ripple（XRP），Coinbase（Coin）（Coin）和Kraken等主要加密货币公司的高调执法行动，这表明监管方法发生了显着转变

The U.S. Securities and Exchange Commission’s (SEC) recent decision to withdraw high-profile enforcement actions against major cryptocurrency firms has sparked commentary from former SEC Chair Gary Gensler during a CNBC appearance.

美国证券交易委员会（SEC）最近决定针对主要的加密货币公司提起高调执法行动，这引发了前美国证券交易委员会主席加里·金斯勒（Gary Gensler）在CNBC出场期间的评论。

Gensler, whose tenure was marked by a rigorous “regulation by enforcement” strategy and skepticism towards the cryptocurrency industry’s long-term viability, expressed his view that 99% of the crypto sector’s value is driven by sentiment. He went on to warn that sentiment-fueled markets often face unsustainable outcomes, predicting that most digital tokens will decline.

Gensler的任期为严格的“执法法规”策略，对加密货币行业的长期生存能力的怀疑，他的观点表示，加密货币部门的价值的99％是由情绪驱动的。他继续警告说，情感燃料的市场经常面临不可持续的结果，预测大多数数字代币都会下降。

However, Gensler’s perspective differs from the optimism expressed by crypto industry leaders, who are celebrating the SEC’s retreat from legal battles against firms like Ripple (XRP), Coinbase (COIN), and Kraken.

但是，Gensler的观点与加密行业领导人所表达的乐观情绪不同，加密行业领导者正在庆祝SEC从与Ripple（XRP），Coinbase（Coinbase（Coin）和Kraken等公司的法律斗争中撤退。

Gensler’s remarks highlight a cautious view of digital assets, even as he acknowledged the enduring public interest in Bitcoin (BTC), which he suggested could persist due to its unique appeal and the approval of the first U.S.-based spot Bitcoin exchange-traded funds during his time at the SEC, facilitating institutional adoption.

Gensler的言论突出了对数字资产的谨慎观点，即使他承认了对比特币（BTC）的持久公众利益，他建议这可以持续存在，因为它的独特吸引力以及对SEC期间的首个美国现场比特币交易所交易所的认可，促进了制度机构。

Gensler elaborated that while humanity has sustained fascination with only 2 or 3 precious metals like gold, the proliferation of 10 or 15,000 digital tokens, many driven by memes or sentiment, lacks a comparable foundation. This perspective underscores the challenges of establishing cryptocurrencies as a stable asset class within traditional financial systems.

Gensler详细阐述了，尽管人类仅对黄金等2或3种珍贵金属持续着迷，而10或15,000个数字令牌的扩散，许多受模因或情感驱动的数字代币，但缺乏可比的基础。这种观点强调了将加密货币确立为传统​​金融系统中稳定资产类别的挑战。

The SEC’s current withdrawal from cases, including its decision to formally abandon an appeal against Ripple Labs, marks a departure from the aggressive stance that defined Gensler’s leadership. While the agency has not publicly detailed the reasons for this pivot, the move has alleviated immediate regulatory pressure on the crypto industry, prompting speculation about a broader policy shift.

美国证券交易委员会目前从案件中提取的案件，包括其决定正式放弃对Ripple Labs的上诉的决定，这标志着与确定Gensler领导的积极立场背道而驰。尽管该机构尚未公开详细介绍该枢纽的原因，但此举已经减轻了对加密货币行业的立即监管压力，从而促使人们对更广泛的政策转变进行了猜测。

The change has sparked a wave of optimism among industry leaders, as noted by CNBC host Andrew Ross Sorkin, who described crypto CEOs as taking “victory laps” in response to the dropped cases. However, Gensler’s warnings suggest that regulatory and market challenges persist, particularly as the industry grapples with balancing innovation against the need for investor protection and market stability.

正如CNBC主持人安德鲁·罗斯·索金（Andrew Ross Sorkin）指出的那样，这一变化激发了行业领导人的一波乐观，他将加密货币首席执行官描述为响应掉落的案件而占据了“胜利圈”。但是，Gensler的警告表明，监管和市场挑战持续存在，尤其是当行业与对投资者保护和市场稳定的需求保持平衡时，该行业陷入了努力。

The evolving regulatory landscape will likely continue to shape the trajectory of digital assets, with Bitcoin and a select few tokens potentially carving out a lasting role amid a crowded and volatile market.

不断发展的监管格局可能会继续塑造数字资产的轨迹，而比特币和精选的少数代币可能在拥挤和波动的市场中脱颖而出。