加密货币商人贾斯汀·孙（Justin Sun）向特朗普支持的代币中抽了7500万美元，发现自己处于幸运的位置

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A businessman who has been funneling money into the Trump family-backed crypto token is finding himself in a fortunate position this week as federal securities regulators are hitting pause on their civil fraud case.

一位一直在向特朗普家庭支持的加密代币汇集资金的商人本周发现自己处于幸运的位置，因为联邦证券监管机构正在对其民事欺诈案暂停。

On Wednesday, lawyers for the Securities and Exchange Commission and Justin Sun, a 34-year-old Chinese crypto entrepreneur, asked a federal judge to stay the agency’s case, which two years ago sued Sun and his companies — Tron, BitTorrent and Rainberry — for selling unregistered securities and fraudulently manipulating the price of digital token Tronix. Sun and his companies later moved to have the case dismissed.

周三，美国证券交易委员会的律师和34岁的中国加密企业家贾斯汀·孙（Justin Sun）要求联邦法官保持该机构的案件。 Sun和他的公司后来撤销了此案。

The pause is a 180 for the SEC, which has been on a tear this year suing several crypto firms and executives. But it comes as the agency faces increasing pressure from Congress to ramp up its efforts to police crypto markets. A bipartisan group of senators on Wednesday slammed the SEC for its "unacceptably slow pace" in approving applications for bitcoin ETFs.

SEC的停顿为180，今年一直在起诉几家加密公司和高管。但是，随着代理机构面临从国会面临越来越多的压力，加大了对警察加密货币市场的努力。两党参议员周三猛烈抨击SEC，因为其批准比特币ETF的申请时，其“不可接受的缓慢步伐”。

But as the agency prepares to shut down its case against crypto exchange Coinbase in a widely expected move on Thursday, it seems the Trump administration may be pivoting away from crypto enforcement and toward broader administrative matters.

但是，随着该机构准备在周四举行的一个普遍预期的举动中关闭针对加密交易所Coinbase的案件，似乎特朗普政府可能正在偏离加密执法和更广泛的行政事务。

Sun is a polarizing figure within the world of crypto, in which he has become one of the most prominent investors in the World Liberty Financial crypto project, backed by the Trump family. Sun’s $75 million purchase of World Liberty tokens, which he’s touted in social media posts, could set the Trump family up to eventually collect tens of millions of dollars, as the family is entitled to 75% of the tokens’ revenues, according to the company. Sun is also an official adviser to World Liberty, which lists President Donald Trump as its “chief crypto advocate” and his son Barron as its “DeFi visionary.”

Sun是加密货币世界中的两极分化人物，在该世界中，他已成为世界自由金融加密项目中最杰出的投资者之一，并由特朗普家族支持。据该公司称，Sun在社交媒体帖子中吹捧的7500万美元购买了世界自由令牌，可能会使特朗普家族最终筹集数千万美元，因为该家族有权获得代币收入的75％。 Sun还是World Liberty的官方顾问，该顾问将唐纳德·特朗普总统列为其“首席加密倡导者”，他的儿子巴伦（Barron）是其“远方有远见的人”。

World Liberty is just one of several crypto projects the president and his family have set up in recent months, raising concerns about potential corruption. By its nature, crypto offers a particularly easy way to, anonymously or otherwise, funnel money into assets that directly benefit the president and his family.

世界自由只是总统及其家人最近几个月成立的几个加密项目之一，引起了人们对潜在腐败的担忧。从本质上讲，加密货币提供了一种特别简单的方法，即匿名或以其他方式将资金汇入直接使总统及其家人受益的资产。

“Now anyone in world can essentially deposit money into bank account of President of USA with a couple clicks,” tweeted Anthony Scaramucci, former Trump White House communications director, after Trump launched a digital token known as a memecoin last month. “Every favor — geopolitical, corporate or personal — is now on sale, right out in the open.”

特朗普前白宫通讯总监安东尼·斯卡拉穆奇（Anthony Scaramucci）在特朗普上个月推出数字代币后，前特朗普白宫通讯总监安东尼·斯卡拉穆奇（Anthony Scaramucci）在推特上发推文说：“现在，世界上任何人都可以通过几下单击美国总统的银行帐户。” “每个恩宠 - 地缘政治，公司或个人 - 现在都在公开出售。”

The SEC declined to comment. Neither the White House nor Sun responded to a request for comment.

SEC拒绝发表评论。白宫和太阳都没有回应置评请求。

“This is, I guess, going to be the new approach — hands off crypto, not enforcing fraud … and I don’t think it’s going to end well,” Richard Painter, a law professor at the University of Minnesota and an ethics lawyer for the George W. Bush administration, told CNN Business. “The SEC is going to back off — because that’s what the Trump administration wants — on whatever enforcement they are able to do. I think it’s a very worrisome situation.”

“我想这是新方法 - 取消加密货币，不执行欺诈……而且我认为这不会结束。”明尼苏达大学的法学教授，乔治·W·布什政府的道德律师理查德·帕特（Richard Painter）告诉CNN业务。 “ SEC将退缩 - 因为这是特朗普政府想要的 - 在他们能够执行的任何执行方面。我认为这是一个非常令人担忧的情况。”

Meanwhile, in a widely expected move, the SEC is expected to announce Thursday that it is shutting down its case against US crypto exchange Coinbase, according to a report by the Wall Street Journal. People familiar with the matter told the newspaper that the agency will cite “the Commission’s ongoing efforts to reform and renew its regulatory approach to the crypto industry” for the decision to close the case.

同时，根据《华尔街日报》的一份报告，预计SEC预计将在周四宣布，它将关闭对美国加密交易所Coinbase的案件。熟悉此事的人们告诉报纸，该机构将援引“委员会正在进行的改革和更新其对加密工业的监管方法的努力”，以解决该案。

The agency had sued Coinbase in June for allegedly operating as an unregistered exchange and offering unregistered securities to retail investors. The regulator also plans to sue Coinbase CEO Brian Armstrong should the agency decide to pursue executives personally for any alleged wrongdoing.

该机构在6月起起诉Coinbase，据称是作为未注册的交易所运营的，并向散户投资者提供了未注册的证券。监管机构还计划起诉Coinbase首席执行官布莱恩·阿姆斯特朗（Brian Armstrong），如果该机构决定亲自以任何所谓的不法行为来追击高管。

The move comes after months of speculation that the SEC may drop its case against Coinbase amid pressure from Congress to speed up the agency’s approval of bitcoin ETFs and light up the regulator’s role in policing crypto markets. A bipartisan group of senators on Wednesday slammed the SEC for its “unacceptably slow pace” in approving applications for bitcoin ETFs, adding that the agency has yet to approve a single application despite receiving 15 over the past year.

此举是在经过数月的猜测之后，即SEC可能会在国会施加压力的情况下，以加快代理机构对比特币ETF的批准，并阐明监管机构在监管加密货币市场中的作用。一群两党参议员周三抨击SEC在批准比特币ETF申请时“不可接受的缓慢步伐”，并补充说，尽管过去一年收到了15份，但该机构尚未批准一个申请。

In their letter to SEC Chair Jay Clayton, senators Elizabeth Warren, Kevin Cramer, Chris Van Hollen and Bill Hagerty also criticized the SEC for its lack of progress in policing crypto markets despite widespread concerns about fraud in the industry.

参议员伊丽莎白·沃伦（Elizabeth Warren），凯文·克莱默（Kevin Cramer），克里斯·范·霍伦（Chris Van Hollen）和比尔·哈格蒂（Bill Hagerty）在给SEC主席杰伊·克莱顿（Jay Clayton）的信中，尽管对行业中的欺诈行为提出了广泛的担忧，但在警务中缺乏警惕加密货币市场方面的进展。

“The agency has been anything but swift in its response to the burgeoning cryptocurrency market, despite the urgent need for robust investor protection in this rapidly evolving domain and the express mandate from Congress to create a regulatory framework for cryptocurrencies,” the senators wrote. “Given the scope of the issues at hand and the administrative burden on the SEC, we would expect to see more rapid progress by now.”

参议员写道：“尽管迫切需要在这个迅速发展的领域以及国会的明确要求为加密货币创建监管框架的迫切需要保护的投资者，但该机构对新兴的加密货币市场的反应却迅速迅速。” “鉴于当前问题的范围和SEC的行政负担，我们希望到目前为止会看到更快的进步。”

Compounding conflicts of interest

复杂的利益冲突

The Sun case comes as the Trump administration appears to be opening the door to potential corruption beyond crypto.

当特朗普政府似乎为加密货币以外的潜在腐败打开了大门时，太阳案发生了。

But critics across the political spectrum say it’s a troubling trend for a president and a White House that is ditching guardrails at an alarming

但是政治领域的批评家说，这是一个令人震惊的护栏的总统和白宫的令人不安的趋势