由於XRP似乎獲得了更清晰的聯邦地位，針對加密交易所Coinbase的新的俄勒岡州訴訟引起了新的擔憂

隨著XRP似乎獲得了更清晰的聯邦地位，針對加密交易所Coinbase的新的俄勒岡州訴訟引起了人們對潛在的州級壓制的新擔憂。

A new lawsuit by Oregon’s attorney general is targeting cryptocurrency exchange Coinbase with claims of violating the state’s securities laws, stirring fresh concerns about potential state-level clampdowns.

俄勒岡州總檢察長的一項新訴訟是針對加密貨幣交易所共同基礎，要求違反該州的證券法，引起人們對潛在州級替補的新擔憂。

As reported by Law360, the lawsuit, filed last week Thursday, spans 171 pages and alleges that Coinbase enabled the sale of virtual currencies without providing “robust disclosures of material information,” a requirement under Oregon’s administrative rules. The lawsuit also criticizes the exchange for failing to register as a securities broker-dealer.

正如Law360報導的那樣，該訴訟於上周星期四提起，涵蓋了171頁，並指控Coinbase使銷售虛擬貨幣不提供“強大的物質信息披露”，這是根據俄勒岡州的行政規則的要求。該訴訟還批評了未能註冊為證券經紀交易商的交流。

The lawsuit arises from an initiative by Oregon Attorney General Dan Rayfield to oversee cryptocurrency activity within the state, aiming to fill an “enforcement vacuum” possibly left by shifting priorities at the U.S. Securities and Exchange Commission.

該訴訟源於俄勒岡州檢察長丹·雷菲爾德（Dan Rayfield）的一項倡議，負責監督該州內的加密貨幣活動，旨在填補美國證券交易委員會的優先事項所留下的“執法真空”。

However, legal experts like University of Oregon law professor Liz Tippet have characterized this patchwork state enforcement as a “suboptimal workaround” for failed federal oversight. Tippet opines that it’s a desperate measure taken due to the SEC’s inability to keep pace with the crypto sector, and ultimately, it’s no substitute for coordinated federal regulation.

但是，俄勒岡大學法學教授利茲·蒂皮特（Liz Tippet）等法律專家將這種拼湊的州執行定為特徵，是聯邦監督失敗的“次優解決方法”。 Tippet認為，由於SEC無法與加密貨幣部門保持同步，這是一項拼命的措施，最終，這不能代替協調的聯邦法規。

The lawsuit names several crypto assets, including Bitcoin, Ethereum, and Stellar Lumens, but not XRP, which is currently involved in a separate lawsuit with the SEC.

該訴訟列舉了幾個加密資產，包括比特幣，以太坊和恆星流明，而不是XRP，這些資產目前與SEC涉及單獨的訴訟。

The case will follow a federal judge’s ruling last year that XRP itself was not a security, although the judge did find that the SEC’s claims of unregistered offerings and violations of federal securities law were plausible in regards to other crypto assets sold by Ripple.

該案將遵循去年聯邦法官去年的裁決，即XRP本身不是安全性，儘管法官確實發現SEC關於未註冊的奉獻和違反聯邦證券法的說法在Ripple出售的其他加密資產方面是合理的。

If state laws redefine or reinterpret disclosure obligations, exchanges listing XRP could still face legal consequences, even if the token is federally compliant. This dual-track legal system puts crypto assets at the mercy of both federal and state scrutiny, raising fresh concerns for developers, investors, and platforms like Coinbase.

如果州法律重新定義或重新解釋披露義務，即使令牌在聯邦政府符合聯邦政府的情況下，XRP的交易所列出XRP仍然可能會面臨法律後果。這個雙軌法律制度使加密資產受到聯邦和州審查的擺佈，對Coinbase等開發商，投資者和平台提出了新的擔憂。

The attorneys general of several states, including California, have expressed interest in regulating crypto at the state level, potentially leading to a patchwork of regulations across the U.S. This could create difficulties for exchanges and token issuers in maintaining compliance with varying state laws.

包括加利福尼亞在內的幾個州的律師對在州一級進行加密貨幣表示興趣，有可能導致整個美國的法規拼湊而成，這可能會給交流和代幣發行人保持遵守不同的州法律而造成困難。

The case in Oregon also arrives amid a shift in priorities at the SEC, with new Chair Paul Atkins showing interest in a balanced approach to crypto regulation.

俄勒岡州的案件也在SEC的優先事項轉變中，新主席保羅·阿特金斯（Paul Atkins）對平衡的加密法規表現出了興趣。

Earlier this year, the SEC Chair signaled a willingness to work with Congress on legislation for crypto regulation, an indication that the agency might be open to avenues other than sole enforcement in the sector.

今年早些時候，SEC主席表示願意與國會合作進行加密法規的立法，這表明該機構可能對該行業唯一執法以外的其他途徑開放。

This optimism is slowly returning to the market, especially with 70+ crypto ETFs, including those for XRP and Solana, pending approval by the SEC.

這種樂觀情緒正在慢慢返回市場，尤其是有70多種加密ETF，包括XRP和Solana的Crypto ETF，待定SEC的批准。