SEC将很快就一项协议投票，以放弃对Coinbase的法律追求，该公司的顶级律师说

待决的投票将标志着一个分水岭，这可能会开始一系列法律多米诺骨牌，以使其他加密货币业务摆脱执法行动。

The U.S. Securities and Exchange Commission will vote soon on a deal negotiated with Coinbase to entirely drop the agency's legal pursuit of the crypto exchange, according to the company's top lawyer.

该公司的顶级律师说，美国证券交易委员会将很快就与Coinbase商定的一项协议进行投票，以完全放弃该机构对加密货币交易所的法律追求。

While the SEC has been making moves almost daily to reverse past positions on digital assets, the pending vote would mark a watershed moment that could start a series of legal dominoes to free other crypto businesses from enforcement actions. Because the deal between Coinbase and SEC staff assumes a dismissal of the case "with prejudice," said Coinbase Chief Legal Officer Paul Grewal, the regulator's accusations of securities violations would be shut down permanently.

尽管SEC几乎每天都在采取行动，以扭转数字资产的过去职位，但待定的投票将标志着一个分水岭的时刻，可以开始一系列合法的多米诺骨牌，以使其他加密货币业务摆脱执法行动。 Coinbase首席法律官Paul Grewal说，由于Coinbase与SEC工作人员之间的交易“有偏见”驳回了案件，因此监管机构对证券违法行为的指控将被永久关闭。

"It's a great day for Coinbase, yes, but it's also a great day for crypto in America," Grewal said in an interview with CoinDesk. "We have every expectation, based on representations that have been made to us, that that approval will come, and with that, the dismissal will then be filed."

格雷瓦尔在接受Coindesk采访时说：“是的，这是Coinbase的美好一天，但这也是美国加密货币的好日子。” “根据对我们的陈述，我们对该批准将会得以实现，随之而来的是，将被解雇。”

He restated it in simpler terms: "We win; they lose."

他用更简单的话进行了重述：“我们赢了；他们输了。”

When the SEC first went after Coinbase — the most prominent of the U.S.-based crypto platforms — it represented a shot across the bow of the industry. The SEC alleged Coinbase violated federal law by not registering as a clearing house, broker or trading venue, based on the agency's view of the so-called Howey test that determines whether an asset is a security. The company chose to fight the accusations in federal court, and that legal clash had been fierce, most recently seeing a judge side with Coinbase's effort to elevate an appeal of the central question at dispute: Are these tokens being traded really securities under the SEC's jurisdiction?

当SEC首次追随Coinbase（美国最杰出的加密平台）时，它代表了整个行业的枪击。 SEC据称的Coinbase根据机构对所谓的Howey测试的看法，违反了联邦法律，该法律未注册为交换所，经纪人或交易场所，该测试决定了资产是否是安全性。该公司选择与联邦法院的指控作斗争，而法律冲突是激烈的，最近看到法官方面，Coinbase努力提高争议中的核心问题的上诉：这些代币是否在SEC管辖权下进行了真正的证券交易。 ？

The industry had long expected it might have to wait for the courts — eventually even the U.S. Supreme Court — to rule on former SEC Chair Gary Gensler's assertion that most tokens are actually crypto securities. But the surrender of the SEC in this dispute is likely to be echoed in other cases, which would put the final word on the legal definition into the hands of Congress.

长期以来，该行业一直期望它可能需要等待法院（最终甚至美国最高法院）就裁定前美国证券交易委员会主席Gary Gensler关于大多数代币实际上是加密证券的断言。但是，在其他情况下，SEC在这一争端中的投降很可能会回荡，这将使法律定义的最终词交给国会手中。

So, the commission vote could throw the industry's major focus toward lobbying instead of legal wrangling.

因此，委员会的投票可以将行业的主要关注点放在游说而不是法律争吵上。

The enforcement meetings for the SEC — currently made up of Acting Chairman Mark Uyeda, Republican Commissioner Hester Peirce and Democrat Commissioner Caroline Crenshaw — typically take place on Thursdays, so the final decision on the staff recommendation may be delayed as long as a week. Crenshaw has been a vocal skeptic of the digital assets industry and its compliance, so it remains unclear whether she'd be willing to sign off on the dismissal.

SEC的执法会议 - 目前由代理主席马克·乌耶达（Mark Uyeda），共和党专员赫斯特·皮尔斯（Hester Peirce）和民主党专员卡罗琳·克伦肖（Caroline Crenshaw）组成 - 通常在星期四举行，因此，对员工建议的最终决定可能会延迟一周。 Crenshaw一直是数字资产行业及其合规性的声音怀疑论者，因此尚不清楚她是否愿意在解雇上签字。

The SEC didn't immediately respond to a request for comment on the agreement.

SEC没有立即回应就协议发表评论的请求。

Uyeda and Peirce, who was named the head of the agency's new Crypto Task Force, had long been sympathetic to the digital assets industry's contention it was being mishandled by the SEC. Once Donald Trump was sworn in as president, he gave the agency's gavel to Uyeda on an interim basis, and Uyeda began making swift moves to shift its course on crypto. This is the latest and — assuming a yes vote — arguably the most significant of the changes so far.

乌耶达（Uyeda）和皮尔斯（Peirce）被任命为该机构新加密特遣部队的负责人，长期以来一直同情数字资产行业的争论，这是由SEC犯下的。一旦唐纳德·特朗普（Donald Trump）宣誓就职，他将该机构的木槌临时将其木屋交给了乌耶达（Uyeda），乌耶达（Uyeda）开始迅速采取行动，将其在加密货币上转移。这是迄今为止最重要的变化，这是最新的，并且假设是“是”投票。

Eventually, former Commission Paul Atkins will take over after he secures a Senate confirmation. But Uyeda and Peirce both served Atkins as counsels during his tenure at the SEC, so Atkins is generally expected to follow the same path on crypto that Uyeda is already clearing.

最终，前保罗·阿特金斯（Paul Atkins）获得参议院确认后将接管。但是乌耶达（Uyeda）和皮尔斯（Peirce）在SEC任职期间都担任阿特金斯（Atkins）担任咨询局，因此普遍期望阿特金斯（Atkins）在加密货币上遵循与乌耶达（Uyeda）已经清算的同样的道路。

Earlier this week, the agency shifted its enforcement unit — once laser-focused on crypto — to a wider responsibility over "emerging technologies," suggesting a withdrawal from the era of heavy attention on crypto cases. It also dropped its appeal in the fight to defend its effort to force a wide swath of crypto activity into its recent rule to expand the definition of what makes a "dealer" under SEC oversight.

本周早些时候，该机构将其执法部门（曾经以激光专注于加密货币为重点）转移到对“新兴技术”的更大责任，这表明从对加密货币案件的大量关注时代撤出了。它还在为捍卫将广泛的加密活动迫使其努力辩护的斗争中的斗争中放弃了，以扩大对SEC监督下成为“经销商”的定义的定义。

In another marquee crypto case, the regulator recently asked to hit pause on the Binance enforcement dispute. Those accusations of securities-law violations overlapped to some degree with the complaint against Coinbase, though the Binance suit also included accusations of fraud and conflicts of interest.

在另一个侯爵夫人的加密案件中，监管机构最近要求对义务执法纠纷暂停。这些指控违反证券法的指控在一定程度上与针对Coinbase的投诉重叠，尽管Binance诉讼还包括欺诈和利益冲突的指控。

The SEC had similarly signaled last week that something was brewing with Coinbase when it asked for a delay in court proceedings, suggesting negotiations were underway toward a resolution and signaling the agency's new crypto task force would help the enforcement team come up with a "potential resolution."

SEC上周同样向SEC表示，当它要求延迟法院诉讼时，它与Coinbase酿造了一些东西，这表明正在进行解决方案的谈判，并表示该机构新的加密特遣部队的新加密工作组有助于执法团队提出“潜在的解决方案” 。”

In the coming days, lawyers across the industry will watch the SEC's Coinbase vote, and then the judge's response in the U.S. District Court for the Southern District of New York. If the SEC formally backs off the accusations Coinbase improperly listed unregistered securities, it'll have to do the same in any similar cases.

在接下来的几天里，整个行业的律师将观看SEC的共同票数，然后在纽约南部地区的美国地方法院对法官的回应。如果SEC正式退出指控Coinbase不当列出的未注册证券，则在任何类似情况下，它都必须这样做。

"I'm hopeful that our getting this case dismissed will offer up a template for other cases to be resolved as well," Grewal said. "And if that were the case, we'd be delighted, because we felt that Gary Gensler's entire campaign against crypto was a distortion — frankly, an

格雷瓦尔说：“我希望我们被驳回的案件将提供一个模板，以便解决其他案件。” “如果是这样的话，我们会很高兴，因为我们认为加里·盖斯勒（Gary Gensler