加密貨幣交易所Kraken將面臨SEC！

美國加密貨幣交易所Kraken將不得不面對美國SEC對其提起的訴訟。美國地區法官 William H. Orrick 提出以下意見

A US federal judge has rejected crypto exchange Kraken’s motion to dismiss the Securities and Exchange Commission (SEC) lawsuit over its crypto asset staking program.

美國聯邦法官駁回了加密貨幣交易所 Kraken 駁回美國證券交易委員會 (SEC) 對其加密資產質押計劃提起的訴訟的動議。

However, U.S. District Judge William H. Orrick also said in a written opinion filed on Friday in San Francisco federal court that the SEC’s argument that Kraken’s tokens are securities is unclear.

不過，美國地區法官 William H. Orrick 在周五向舊金山聯邦法院提交的書面意見中也表示，SEC 關於 Kraken 代幣是證券的論點尚不清楚。

The SEC has plausibly alleged that at least some of the cryptocurrency transactions Kraken facilitates on its network constitute investment contracts and thus securities, and accordingly are subject to securities laws, Judge Orrick wrote.

奧里克法官寫道，美國證券交易委員會貌似有理地聲稱，Kraken 在其網路上進行的至少部分加密貨幣交易構成了投資合同，從而構成了證券，因此受到證券法的約束。

In his statement, Judge Orrick noted that Kraken generated more than $43 million in revenue from its trading desk between 2020 and 2021, in part by charging a trading fee and imposing few restrictions on how many assets could be traded.

奧里克法官在聲明中指出，2020 年至 2021 年間，Kraken 從其交易平台獲得了超過 4300 萬美元的收入，部分原因是收取交易費並對可交易的資產數量施加了很少的限制。

These 5 altcoins are mentioned in the lawsuit!

訴訟中提到了這5種山寨幣！

Specifically, the SEC alleges that Cardano (ADA), Cosmos (ATOM), Filecoin (FIL), Solana (SOL) and Near Network (NEAR) are securities offered by Kraken.

具體來說，SEC 聲稱 Cardano (ADA)、Cosmos (ATOM)、Filecoin (FIL)、Solana (SOL) 和 Near Network (NEAR) 是 Kraken 提供的證券。

Judge Orrick gave a lengthy assessment of the Howey test, which the SEC uses to determine whether an asset is a security.

奧里克法官對 Howey 測試進行了冗長的評估，SEC 使用該測試來確定資產是否為證券。

“Cryptocurrency itself is a relatively new financial instrument. However, the principles driving the SEC’s attempt to establish regulatory authority over it are not new,” Orrick wrote.

「加密貨幣本身是一種相對較新的金融工具。然而，推動美國證券交易委員會試圖建立監管機構的原則並不新鮮，」奧里克寫道。

“He frequently cites a 1946 U.S. Supreme Court case from the SEC. The Howey test is also based on that case. As part of Kraken’s motion to dismiss the case, the exchange argued that the SEC exceeded its congressionally sanctioned authority.

「他經常引用 SEC 1946 年美國最高法院的一個案例。 Howey 測試也是基於此案例。作為 Kraken 駁回此案動議的一部分，該交易所辯稱 SEC 超出了國會批准的權限。

“The SEC does not have the authority to regulate all speculative investments,” the firm’s lawyers wrote.

「美國證券交易委員會無權監管所有投機性投資，」該公司的律師寫道。

SEC Chairman Gary Gensler has argued since taking office in 2021 that most digital tokens are unregistered securities that should be subject to his oversight. Under his watch, the SEC has sued some of the world’s biggest crypto firms, including Binance, Coinbase and Uniswap.

SEC 主席 Gary Gensler 自 2021 年上任以來一直認為，大多數數位代幣都是未經註冊的證券，應受到他的監督。在他的領導下，美國證券交易委員會起訴了一些全球最大的加密貨幣公司，包括幣安、Coinbase 和 Uniswap。

In his opinion, Judge Orrick notes that Binance and Coinbase also failed to dismiss some aspects of the SEC lawsuits.

法官奧里克認為，幣安和 Coinbase 也未能駁回 SEC 訴訟的某些方面。

Meanwhile, Kraken is required to respond to the complaint within 20 days. In addition, the original January 14 date will be canceled and a hearing date will be proposed on October 15.

同時，Kraken 必須在 20 天內對投訴做出回應。此外，原定的1月14日日期將取消，聽證會日期將提議在10月15日。

Ripple CLO supports crypto exchange Kraken!

Ripple CLO支援加密貨幣交易所Kraken！

Commenting on the recent ruling, Ripple CLO Stuart Alderoty touched on some of the finer details of the court’s decision in the Kraken vs SEC case, stating that the court has once again confirmed that there is no such thing as a “crypto asset security”.

Ripple CLO Stuart Alderoty 在評論最近的裁決時談到了法院在 Kraken 訴 SEC 案件中判決的一些細節，表示法院再次確認不存在「加密資產證券」這樣的東西。

Alderoty also noted this as a setback for the SEC. He added that the regulator’s approach to regulation by enforcement is largely based on the premise of disagreement.

阿德羅蒂也指出，這對 SEC 來說是一個挫折。他補充說，監管機構的執法監管方式很大程度上是建立在分歧的前提下的。

On the other hand, Kraken’s Chief Legal Officer Marco Santori pointed to the Federal court ruling that shows that none of the tokens traded on Kraken are securities.

另一方面，Kraken 首席法務官 Marco Santori 指出，聯邦法院的裁決顯示，在 Kraken 上交易的代幣都不是證券。

Yesterday, the judge stated that regulators’ treatment of Kraken tokens as ‘cryptoasset securities’ was ‘vague at best and confusing at worst. Santori underscored the Court’s criticism of SEC litigation tactics. He also insisted that a “written contract” is necessary to define a security. He therefore questioned the agency for repeatedly misrepresenting Kraken’s position.

昨天，法官表示，監管機構將 Kraken 代幣視為「加密資產證券」的做法「往好了說是含糊不清，往壞了說是令人困惑」。 Santori 強調了法院對 SEC 訴訟策略的批評。他還堅持認為，「書面合約」對於定義證券是必要的。因此，他質疑該機構一再扭曲 Kraken 的立場。