在特朗普担任美国第47位总统的就职典礼之后，发生了重大转变。

多年来，美国证券交易委员会（SEC）（SEC）与加密货币中一些最突出的名称进行了法律斗争，包括Coinbase和UnisWap等交易所

The U.S. Securities and Exchange Commission (SEC) has been involved in legal battles with several prominent crypto firms in recent years.

近年来，美国证券交易委员会（SEC）（SEC）与几家著名的加密企业进行了法律斗争。

The SEC’s enforcerment-focused approach, largely driven by former chair Gary Gensler, has sparked controversy among industry insiders. Critics have accused the agency of stifling innovation by attempting to regulate through lawsuits instead of establishing clear guidelines, ultimately pushing innovation out of the U.S.

SEC以前主席Gary Gensler驱动的以执行为重点的方法引发了行业内部人士的争议。批评家指责该机构通过试图通过诉讼来监管而不是建立明确的准则来扼杀创新，最终将创新推出了美国

Following the inauguration of the 47th U.S. president, Trump, there has been a noticeable shift at the SEC, with the new leadership opting to drop or temporarily suspend several cases and signaling a more cooperative approach to crypto oversight.

在美国第47位美国总统特朗普的就职典礼之后，SEC发生了明显的转变，新的领导人选择下降或暂时中止几起案件，并向加密监督采取更合作的方法。

Here are some of the crypto firms whose cases have been dropped or suspended:

以下是一些加密公司，其案件已被删除或暂停：

Gemini

双子座

The dispute between Gemini, a cryptocurrency exchange, and the U.S. Securities and Exchange Commission (SEC) revolved around Gemini’s Earn program. In January 2023, the SEC filed a lawsuit against Gemini and its partner, Genesis Global Capital, alleging that the Earn program was an unregistered securities offering.

Gemini，加密货币交易所与美国证券交易委员会（SEC）之间的争议围绕Gemini的赚钱计划。 2023年1月，美国证券交易委员会（SEC）对双子座及其合作伙伴Genesis Global Capital提起诉讼，指控赚钱计划是未注册的证券。

Gemini had partnered with Genesis to provide customers with the opportunity to earn high-yield returns on their crypto deposits. The SEC argued that this constituted an unregistered securities offering, rendering it illegal under U.S. law.

双子座与Genesis合作，为客户提供了在加密货币上获得高收益回报的机会。 SEC认为，这构成了未注册的证券，根据美国法律将其违法。

The situation escalated when Genesis encountered difficulties and halted all outflows in November 2022, later filing for bankruptcy. Consequently, many Gemini Earn users found themselves unable to withdraw their funds.

当创世纪遇到困难并在2022年11月遇到所有流出时，情况升级了，后来申请破产。因此，许多双子座赚取用户发现自己无法撤回其资金。

Gemini, however, maintained that no wrongdoing was committed and contested the SEC’s claims. The legal proceedings continued with discussions of potential settlements. Gemini asserted that the program was structured appropriately, while the SEC insisted that it violated securities laws.

然而，双子座坚持认为，没有做出不当行为，并提出了SEC的主张。法律程序继续讨论潜在和解。双子座断言该计划的结构适当，而SEC则坚持认为其违反了证券法。

Finally, on February 24, 2025, Cameron, the co-founder of Gemini, announced that the SEC had decided to drop all cases against the crypto firm.

最终，在2025年2月24日，双子座的联合创始人卡梅伦宣布，SEC已决定将所有针对加密货币公司的案件放弃。

“This comes 699 days after the start of their investigation and 277 days after they sent us a Wells Notice,” he wrote on his X account.

他在X帐户上写道：“这是在调查开始后的699天，以及他们向我们发送Wells通知的277天之后。”

He also called for reimbursement from the SEC for the false allegations, which Cameron said had caused significant damage to the company and the industry, adding that several developers had left the company, unwilling to become further entangled in the case.

他还呼吁向SEC偿还虚假指控，卡梅伦说，这对公司和行业造成了重大损害，并补充说，几位开发商已离开公司，不愿在此案中进一步纠缠。

“They should be ashamed,” he said.

他说：“他们应该感到羞耻。”

After former SEC boss Gary Gensler had threatened to put a ban on MIT graduates at a U.S. agency, Cameron said that “there should be a process that bars those like Gary Gensler who weaponize the law, as well those who participate in the weaponization, from ever being appointed to or hired by an agency again.”

在前美国证券交易委员会（SEC）的前任老板加里·贡斯勒（Gary Gensler）威胁要在美国机构禁止MIT毕业生禁止后，卡梅伦说：“应该有一个程序禁止像加里·贡斯勒这样的那些武器武器化法律的人，以及那些参与武器化的人，从再次被机构任命或雇用或被机构雇用。”

Justin Sun, Tron and Bitforrex

贾斯汀·孙，特隆和贝特福雷克斯

The U.S. Securities and Exchange Commission (SEC) is suing Justin Sun and his companies—Tron Foundation, BitTorrent Foundation, and Rainberry—for allegedly offering unregistered securities, manipulating trading volumes, and secretly paying celebrities to promote TRX and BTT tokens.

美国证券交易委员会（SEC）正在起诉贾斯汀·孙（Justin Sun）及其公司 - 特隆基金会，比特罗伦特基金会（Bittorrent Foundation）和雷伯里（Rainberry），据称提供了未注册的证券，操纵交易量，并秘密地付费以推广TRX和BTT代币。

The SEC also accused Sun’s companies of engaging in wash trading to create a false impression of market activity and liquidity in order to deceive investors.

美国证券交易委员会还指责Sun的公司从事Wash交易，以对市场活动和流动性产生错误的印象，以欺骗投资者。

Justin Sun is the founder of Tron (TRX) and the former CEO of BitTorrent. BitTorrent, a P2P file-sharing protocol created in 2001, was acquired by TRON in 2018, which then launched the BTT token. Tron (TRX) is a blockchain platform for decentralized apps and digital content, known for its fast, low-cost transactions.

贾斯汀·孙（Justin Sun）是Tron（TRX）的创始人，也是Bittorrent的前首席执行官。 Bittorrent是一项P2P文件共享协议，该协议于2001年创建，于2018年被Tron收购，然后启动了BTT令牌。 TRON（TRX）是一个用于分散应用程序和数字内容的区块链平台，以其快速，低成本的交易而闻名。

Sun has vigorously contested the charges. His defense argued that the SEC lacked jurisdiction over foreign digital asset sales. In August 2024, a judge ruled in Sun’s favor by rejecting an SEC motion to introduce new arguments in the case. This decision was seen as a setback for the SEC, as the court denied its request for a pre-trial conference.

太阳激烈地提出了指控。他的辩方认为，SEC对外国数字资产销售缺乏管辖权。 2024年8月，一名法官拒绝了SEC提出新论点的动议来裁定Sun的支持。该决定被视为SEC的挫折，因为法院否认了其进行预审会议的要求。

More recently, Sun and the SEC have jointly requested to pause the case while they explore a “potential resolution.” The parties believe this would serve their best interests and conserve judicial resources. This move follows a pattern seen in the SEC’s cases against other crypto firms like Coinbase and Binance.

最近，Sun和SEC在探索“潜在解决方案”时共同要求暂停此案。各方认为，这将符合他们的最大利益并保存司法资源。此举遵循SEC案件中针对Coinbase和Binance等其他加密公司的模式。

ConsenSys

共识

ConsenSys, a leading blockchain software company founded by Joseph Lubin in 2014, is focused on developing Ethereum and Web3. The company has incubated key projects like MetaMask, Infura, and Truffle and is a major player in the Enterprise Ethereum Alliance. ConsenSys aims to drive decentralized innovation around the world.

由约瑟夫·卢宾（Joseph Lubin）于2014年创立的领先区块链软件公司Consensys致力于开发以太坊和Web3。该公司孵化了MetAmask，Infura和Truffle等关键项目，并且是企业以太坊联盟的主要参与者。共识旨在推动世界各地的分散创新。

The legal battle between the SEC and ConsenSys began when the SEC sued ConsenSys for allegedly operating as an unregistered securities broker. This lawsuit arose from MetaMask, a popular crypto wallet tool developed by ConsenSys.

SEC与共识之间的法律斗争开始于SEC起诉共识，据称是作为未注册的证券经纪人运营的。该诉讼来自MetAmask，这是一种由共识共同开发的流行加密钱包工具。

ConsenSys had previously engaged in a dispute with the SEC over its plans to classify Ethereum as a security, which ultimately led to the SEC dropping its investigation into the blockchain network.

共同体以前曾就其将以太坊归类为安全的计划与SEC提出争议，这最终导致SEC将其调查放到了区块链网络中。

Now, the SEC has agreed

现在，SEC已同意