SEC主席保羅·阿特金斯（Paul Atkins）希望允許註冊經紀交易商監護權和交易加密貨幣

阿特金斯（Atkins）在5月19日的準備講話中說，他認為這是通電和股票交易“超級應用”的途徑的一部分，這將“降低投資者的成本”

Chairman of the U.S. Securities and Exchange Commission (SEC) Paul Atkins has stated that he envisions a future where a single firm could be registered with the SEC to both trade and custody cryptocurrencies, even if the assets are not deemed securities.

美國證券交易委員會（SEC）的主席保羅·阿特金斯（Paul Atkins）表示，他設想了一個未來，即使資產不被視為證券，也可以向SEC註冊一家單一公司進行貿易和託管加密貨幣。

In his prepared remarks for the U.S. Chamber of Commerce’s Center for Capital Linkages on Friday, May 19, Atkins said that this would reduce costs for investors while allowing non-security trading to enter a regulated environment at the federal level expeditiously.

阿特金斯（Atkins）在5月19日星期五對美國商會資本聯繫中心的準備講話中說，這將降低投資者的成本，同時允許非安全交易迅速進入聯邦一級的監管環境。

Currently, Congress is working on a broad cryptocurrency market regulation bill, and there is ongoing drama over the passage of the Senate’s GENIUS Act for regulating stablecoins. A stablecoin bill was widely seen as far easier to pass than a general market structure bill, but it got caught up in politics.

目前，國會正在製定廣泛的加密貨幣市場法規法案，並且在《參議院天才法案》（Genation Act Act）的規範中，正在進行持續的戲劇。與一般市場結構法案相比，一項穩定的法案被廣泛認為要容易得多，但它陷入了政治之中。

The Senate is trying to bring the bill to another initial vote later Friday that would get the bill to reach the Senate floor for a full vote faster.

參議院正試圖使該法案在周五晚些時候再次進行初步投票，這將使該法案更快地到達參議院，以便更快地投票。

Crypto firms and investors in the U.S. have faced confusion over the years about which regulator primarily oversees the industry. When digital assets are determined to be securities, then firms trading them need to register with the SEC, generally speaking. But other agencies, like the Commodity Futures Trading Commission (CFTC), are in charge of regulating non-security assets, like commodities and derivatives.

多年來，美國的加密公司和投資者對監管機構主要負責該行業的混亂感到困惑。一般而言，當確定數字資產為證券時，交易他們的公司需要在SEC註冊。但是，其他機構，例如商品期貨貿易委員會（CFTC），負責規範非安全資產，例如商品和衍生品。

In crypto, however, the distinction is not always clear for all assets, and many firms, both exchanges and protocols, have been in long legal battles with the SEC over securities law.

但是，在加密貨幣中，所有資產的區別並不總是很明確，許多交易所和協議的公司一直與SEC在證券法上進行了長期的法律鬥爭。

“Chairman Atkins’ call to let SEC-registered firms custody and trade both securities and non-securities in one place could be one of the most consequential steps the Commission has taken toward bridging traditional finance with digital assets,” said Sid Powell, co-founder and CEO of Maple Finance, in an email to The Defiant.

楓木財務聯合創始人兼首席執行官西德·鮑威爾（Sid Powell）表示：“董事長要求讓SEC登記的公司監護和交易證券和非安全性在一個地方可能是委員會在與Defiant的一封電子郵件中聯合創始人兼首席執行官Sid Powell在將傳統財務與數字資產聯繫起來的最結果的步驟之一。”

“Today, institutional investors face significant operational and regulatory inefficiencies when dealing with tokenized products or crypto-native assets, simply because current rules enforce arbitrary boundaries between asset types.”

“如今，機構投資者在處理令牌化產品或加密本地資產時面臨著重要的運營和監管效率低下，這僅僅是因為當前規則在資產類型之間實施了任意界限。”

Maple’s Powell participated in the most recent roundtable from the SEC’s new Crypto Task Force, “Tokenization: Moving Assets Onchain: Where TradFi and DeFi Meet,” on May 12.

楓樹的鮑威爾（Powell）參加了SEC新的加密特別工作組的最新圓桌會議，“令牌化：搬家資產Onchain：Tradfi和Defi Meet olet of tradfi and defi”

A single framework for crypto firms would make it easier for the market by reducing friction as well as signal “a more mature” posture towards regulating crypto, he said.

他說，對加密公司的一個框架將通過減少摩擦以及對調節加密貨幣的“更成熟”的姿勢來使市場變得更容易。

“For years, artificial jurisdictional boundaries and bureaucracy between the CFTC and SEC have slowed innovation, increased costs and destroyed capital efficiency,” said Chris Perkins, president of crypto-native investment firm CoinFund.

“多年來，CFTC和SEC之間的人工管轄權邊界和官僚機構已經放緩了創新，成本提高並破壞了資本效率，”加密本地投資公司CoinFund總裁克里斯·珀金斯（Chris Perkins）說。

Looking at Atkins' remarks, Perkins said “regulators should work in lockstep to make accessing regulated markets easier and enable operational and capital efficiencies for market participants. I have a feeling that under Paul Atkins' SEC, and Brian Quintenz's CFTC this will finally become a reality.”

看著阿特金斯的講話，珀金斯說：“監管機構應該在鎖定中努力，以使市場參與者的運營和資本效率變得更加容易，並使在保羅·阿特金斯（Paul Atkins）的SEC和Brian Quintenz的CFTC領導下，這將成為現實。”

A crypto ‘super-app’

加密“超級應用”

A crypto trading “super-app” policy would evidently mean firms that offer trading or custody of securities and non-securities could be regulated by the SEC.

Crypto交易“超級應用”政策顯然意味著提供證券和非安全性交易或監護權的公司可以由SEC監管。

“The ‘super app’ idea reflects a future where capital markets are accessible through a single interface, streamlining everything from trading to custody and settlement,” Powell said. “For innovators in the space, it reinforces the thesis that asset management will increasingly move on-chain as a result of the transparency and liquidity afforded by tokenized products.”

鮑威爾說：“'超級應用程序'想法反映了一個未來，即通過單個接口可以訪問資本市場，從而簡化從交易到監護權和和解的所有內容。” “對於該領域的創新者，它加強了一個論點，即由於標記產品提供的透明度和流動性，資產管理將越來越多地移動鍊子。”

Commenting on Atkins’ remarks today that the SEC had its “head in the sand” when it came to regulating crypto, Gerald Gallagher, general counsel for Sei Labs — the team behind Layer 1 blockchain Sei — told The Defiant in an email that the SEC now recognizes the crypto industry’s need for “regulatory clarity, predictability and honest counterparties.”

SEI實驗室總顧問Gerald Gallagher在評論Atkins今天的評論時說，SEC的“腦海”是“沙子”，SEI Labs的總法律顧問 - 第1層區塊鏈SEI背後的團隊 - 在一封電子郵件中告訴Defiant SEC，SEC現在認識到加密行業對“監管機構的清晰度，可預測性和誠實的對手”的需求。 ”

Gallagher added that he was heartened that Chairman Atkins “pointed out that technology should allow for more innovative business models, like the ‘super app’ approach to both digital asset and traditional securities custody for compliant parties.”

加拉格爾（Gallagher）補充說，他很高興阿特金斯（Atkins）主席“指出，技術應該允許更具創新性的商業模式，例如“超級應用程序”對合規政黨的數字資產和傳統證券保管的方法。”