Ripple 首席技术官对拟议的质押法规的合法性提出质疑

Ripple 的 CTO David Schwartz 最近在 X 上就加密货币领域的质押监管进行了讨论。施瓦茨认为，质押不是一种证券，因为没有所有权转移，也没有投资回报。他质疑有关证券的法规如何适用于质押，因为没有出售或购买标的资产。这次讨论凸显了加密货币行业内关于质押和代币化监管分类的持续争论。

Ripple's Chief Technology Officer Questions Legality of Staking Regulations

Ripple首席技术官质疑质押监管的合法性

In the rapidly evolving landscape of cryptocurrency, the debate over staking has ignited intense discussions within the industry. Ripple, a globally renowned blockchain network utilized by traditional banks for cross-border settlements and remittance payments, has recently weighed in on the matter through its Chief Technology Officer, David Schwartz.

在加密货币快速发展的格局中，关于质押的争论引发了行业内的激烈讨论。 Ripple 是全球知名的区块链网络，被传统银行用于跨境结算和汇款支付，最近通过其首席技术官 David Schwartz 介入了此事。

Schwartz sparked discourse on the social media platform 'X' after engaging with a post by user Molly Elmore, who raised concerns regarding the regulatory implications of staking in the crypto sector. Elmore questioned whether digital asset staking, which rewards validators using Proof-of-Stake (PoS) consensus mechanisms, could be categorized as a security, subject to regulations governing the sale and trading of securities.

施瓦茨在参与用户 Molly Elmore 的帖子后在社交媒体平台“X”上引发了讨论，该帖子对加密货币领域的监管影响提出了担忧。 Elmore 质疑数字资产质押（使用权益证明（PoS）共识机制奖励验证者）是否可以被归类为证券，并遵守证券销售和交易的法规。

Responding to Elmore's post, Schwartz expressed skepticism about the rationale behind such a classification. He questioned the relevance of regulations restricting the sale of securities to specific accredited investors when staking is not a transaction involving the sale or purchase of a security. Schwartz further argued that staking is a service offered by the blockchain system itself, not a product sold by any entity.

在回应埃尔莫尔的帖子时，施瓦茨对这种分类背后的理由表示怀疑。他质疑当质押不涉及出售或购买证券的交易时，限制向特定合格投资者出售证券的法规的相关性。施瓦茨进一步认为，质押是区块链系统本身提供的服务，而不是任何实体出售的产品。

"If staking is a security, why do rules around who can buy securities matter? Nobody sells or buys staking itself since it's a service provided by the system itself," Schwartz stated.

“如果质押是一种证券，为什么关于谁可以购买证券的规则很重要？没有人出售或购买质押本身，因为它是系统本身提供的服务，”施瓦茨说。

Expanding on his argument, Schwartz emphasized that token ownership and staking are distinct activities. Purchasing or selling a token does not constitute a securities transaction, he asserted, as tokens are not the subject of staking. Similarly, he dismissed the notion that companies providing staking services could be deemed issuers of securities since they do not generate revenue from the sale of such services.

施瓦茨扩展了他的论点，强调代币所有权和质押是不同的活动。他声称，购买或出售代币并不构成证券交易，因为代币不是质押的标的。同样，他驳斥了提供质押服务的公司可能被视为证券发行人的观点，因为它们不会从销售此类服务中产生收入。

"The token is not staking. So, buying or selling the token would not be a securities transaction. And no company's efforts provide revenue. So, a company selling staking services wouldn't be an issuer of a security," Schwartz wrote.

“代币不是质押。因此，购买或出售代币不会是证券交易。而且没有公司的努力可以提供收入。因此，销售质押服务的公司不会成为证券的发行人，”施瓦茨写道。

The exchange of views continued, with Schwartz further clarifying that staking does not involve lending or borrowing of funds. Individuals who stake their assets retain ownership of them at all times. Additionally, he drew a distinction between loans and securities, emphasizing that loans do not qualify as securities unless they are intended to raise investment funds for the seller.

意见交换仍在继续，施瓦茨进一步澄清，质押不涉及资金借贷。质押其资产的个人始终保留其所有权。此外，他对贷款和证券进行了区分，强调贷款不符合证券的资格，除非它们旨在为卖方筹集投资资金。

The debate over staking regulations comes at a time when the cryptocurrency industry faces increasing scrutiny from regulatory authorities. Notably, the U.S. Securities and Exchange Commission (SEC) recently pursued a $2 billion penalty against Ripple Labs, alleging violations of securities laws.

关于质押监管的争论是在加密货币行业面临监管机构越来越严格的审查之际发生的。值得注意的是，美国证券交易委员会 (SEC) 最近以违反证券法为由对 Ripple Labs 处以 20 亿美元的罚款。

Amidst these developments, the crypto market has experienced volatility. In the past 24 hours, the market capitalization has declined by $75.219 billion, currently standing at $2.542 trillion. Despite the dip, the market cap has witnessed a significant 138.92% growth over the past six months.

在这些发展过程中，加密货币市场经历了波动。过去24小时内，市值下跌752.19亿美元，目前为2.542万亿美元。尽管有所下降，但过去六个月市值仍大幅增长 138.92%。

Among the top gainers for the day is Core (CORE), which saw a surge of 61.30%, trading at $2.70 at the time of writing. Conflux (CFX), on the other hand, slipped by 13.54%, currently trading at $0.000008162.

当日涨幅最大的是 Core (CORE)，该股上涨 61.30%，截至撰写本文时交易价格为 2.70 美元。另一方面，Conflux (CFX) 下跌 13.54%，目前交易价格为 0.000008162 美元。

Bitcoin, the market leader with a capitalization of $1.37 trillion, maintains its dominance at 51% of the crypto market. Maker (MKR), trading at $3,787.05, ranks second among the most valuable cryptocurrencies after Bitcoin.

比特币是市场领先者，市值达 1.37 万亿美元，在加密货币市场中保持着 51% 的主导地位。 Maker（MKR）的交易价格为 3,787.05 美元，在最有价值的加密货币中排名第二，仅次于比特币。

The CoinMarketCap Fear and Greed Index currently indicates an atmosphere of "extreme greed" in the market. Analysts attribute this sentiment to the anticipation surrounding the potential approval of an Ether Spot ETF and the recent approval of a Bitcoin Spot ETF.

CoinMarketCap 恐惧和贪婪指数目前表明市场存在“极度贪婪”的氛围。分析师将这种情绪归因于对以太币现货 ETF 可能获得批准以及比特币现货 ETF 最近获得批准的预期。

It is crucial to note that the views expressed in this article are solely for informational purposes and do not constitute financial or investment advice. Readers should conduct their own research and consult with qualified professionals before making any investment decisions.

需要注意的是，本文中表达的观点仅供参考，并不构成财务或投资建议。在做出任何投资决定之前，读者应自行研究并咨询合格的专业人士。