加密行業一直迫切希望美國法規

加密行業一直迫切希望美國法規是其全球成熟難題中的最後一個主要作品

The crypto industry has been desperate for U.S. regulation as the last major piece in its global maturity puzzle, but sector veteran and compliance expert TuongVy Le argues that what Congress and the regulators are working on isn't just for today's digital assets space but for the core of the future financial system.

加密行業一直迫切希望美國法規是其全球成熟度難題中的最後一個主要作品，但是部門的資深和合規專家Tuongvy Le認為，國會和監管機構正在為當今的數字資產領域而言，而是為未來的金融體系的核心致力於。

Le, who has held top legal and regulator positions at Anchorage Digital, Bain Capital and the former Worldcoin (now World Network), told CoinDesk that she expects the new rules coming to her old regulatory employer will eventually govern the business at the heart of the markets. Migrating the securities and commodities transactions in traditional finance onto the blockchain is a dramatic move for a field that's been stuck in a legacy approach to handling transactions, rooted in lengthy clearing and settlement approaches established decades ago.

Le曾在貝恩資本（Bain Capital）和前WorldCoin（現為世界網絡）的Anchorage Digital擔任過頂級法律和監管機構職位。將傳統金融中的證券和商品交易遷移到區塊鏈上是一個戲劇性的舉動，該領域被困在處理交易的遺產方法中，植根於幾十年前建立的冗長的清算和解決方法。

"The crypto-tradfi convergence has already started," she said in an interview, outlining ideas further amplified in a paper she published with New York University's Austin Campbell on Monday. "Once market structure and stablecoin legislation is passed, it's really going to take off. Honestly, it can be hard to realize you're undergoing a real transformation as it's happening, but I think we'll look back on this the way we looked at the internet and how it fundamentally changed how we communicate and interact as a society.I really do believe that blockchain technology and tokenization are going to remake the financial system."

她在接受采訪時說：“加密貨幣融合已經開始。”概述了她週一在紐約大學的奧斯汀·坎貝爾（Austin Campbell）發表的一篇論文中進一步放大了想法。 “一旦通過市場結構和穩定立法，它確實會起飛。老實說，很難意識到，您正在發生真正的轉變，但是我認為我們會以此來回顧一下互聯網的方式，以及它從根本上改變我們的社會方式，我確實相信，我確實相信Blockchain技術和Tokenization將獲得財務系統。”

She's so far been impressed with the changes congressional lawmakers have made in the latest discussion draft of the market-structure bill that is built on the back of the previous session's Financial Innovation and Technology for the 21st Century Act (FIT21), calling it "much more practical,workable and streamlined." She praised its approach to getting multiple types of transactions under the reach of single trading platforms and also its views on blockchain maturity.

到目前為止，她對國會立法者在上一屆會議上21世紀的金融創新和技術後面建立的市場結構法案的最新討論草案中所做的變化給她留下了深刻的印象。她讚揚了其在單個交易平台觸及的多種交易以及對區塊鏈成熟度的看法的方法。

She said that the legislation underway in Congress right now will be a "huge unlock" for the industry, but the U.S. financial agencies, including the SEC and Commodity Futures Trading Commission, are already moving.

她說，目前在國會正在進行的立法將是該行業的“巨大解鎖”，但是包括美國證券交易委員會和商品期貨貿易委員會在內的美國金融機構已經在移動。

"Even the regulators are recognizing how blockchains can be used to create better architecture for the capital markets. So the question is, how can we start to incorporate that capital technology in a way that makes markets more efficient and transparent and fair?"

“即使是監管機構也認識到如何使用區塊鍊為資本市場創建更好的建築。因此，我們如何開始以使市場更有效，透明和公平的方式開始融入該資本技術？”

She worked enforcement cases at the SEC and argues that many of those involving broker misconduct, market manipulation and fraudulent reporting could have been prevented if transactions were live and transparent, with fewer intermediaries required.

她在SEC工作案件，並認為，如果交易是現場直播和透明的，則可以預防許多涉及經紀人不當行為，市場操縱和欺詐性報告的人，需要較少的中介機構。

"Much of the industry has been begging for regulatory clarity for years, not just because being under the constant threat of enforcement action or even criminal charges is no way to regulate an industry, but because having a clear regime in place makes it easier to distinguish between good and bad actors," she said, noting that the having clearly understood regulations can often be as important as their content, because uncertainty carries more hazards for business than compliance hurdles.

她說：“多年來，許多行業一直在乞求監管性的清晰度，這不僅是因為受到執法行動甚至犯罪指控的不斷威脅，這不是對行業進行監管的方法，而且是因為擁有明確的政權更容易區分好和壞演員。

"Sometimes the clarity is more important than what the laws actually say, because businesses will find a way to work with that."

“有時候，清晰度比法律實際說的要重要，因為企業會找到一種與之合作的方法。”

Le expects U.S. lawmakers will also build in new resources for the markets regulators as they take on the crypto oversight, but those agencies will also have to expand their expertise, because you "can't regulate what you don't understand."

LE預計，美國立法者在接受加密監督的情況下還將為市場監管機構建立新的資源，但是這些機構也將不得不擴大他們的專業知識，因為您“無法規範您不了解的內容”。

"The CFTC, in particular, if it's going to be getting a lot of this new authority over crypto spot markets, is really going to need to be better resourced. They just are not there right now."

“尤其是，如果CFTC將獲得對加密貨幣市場的許多新權限，那麼它確實需要獲得更好的資源。他們現在不在那兒。”

Crypto legislation is a top priority on Capitol Hill - despite some setbacks as politics and President Donald Trump's own crypto interests have interfered with its path.

加密立法是國會山上的重中之重 - 儘管政治和唐納德·特朗普總統的加密貨幣利益卻干擾了其道路，儘管有一些挫折。

"The wind is really at the industry's back right now, and if we can get legislation right, it's really going to unleash a golden age of financial innovation."

“風確實在行業的背上，如果我們能正確地立法，那真的將釋放金融創新的黃金時代。”