CFTC将加密执法与DOJ保持一致 - 低级别的违规行为不再追逐

CFTC释放了严重的加密执法大修，对惩罚性规定的刹车施加了刹车，并将权力转移到了创新者身上。

The Commodity Futures Trading Commission (CFTC) is undergoing a major shift in its crypto enforcement priorities, aligning with the U.S. Department of Justice (DOJ) and aiming to return power to innovators.

商品期货贸易委员会（CFTC）正在与加密执法的重点进行重大转变，与美国司法部（DOJ）保持一致，并旨在将权力归还给创新者。

Acting Chair Caroline D. Pham issued a sweeping directive on Monday in Washington D.C., reshaping the agency’s approach to digital assets.

代理主席卡罗琳·D·帕姆（Caroline D.

Her announcement follows the DOJ’s move to cease the controversial practice of regulating cryptocurrency through prosecution rather than clear rulemaking. In response, Pham instructed CFTC staff to cease pursuing digital asset-related registration violations unless there is clear evidence of intentional wrongdoing.

她的宣布是在司法部采取的举动停止通过起诉而不是明确规则制定加密货币的有争议的做法。作为回应，PHAM指示CFTC的工作人员停止追求与数字资产相关的注册违规行为，除非有明确的有意做错事的证据。

This action signals an end to what Pham described as years of punitive overreach by the Commission, which she sharply criticized in her statement.

这项行动终结了帕姆所说的委员会多年惩罚性过度的事情，她在声明中批评了这一点。

“For far too long, lawfare from multiple federal agencies against innovators in the digital asset space has created unfairness and uncertainty that has undermined trust in the regulatory process and impeded American competitiveness,” she said.

她说：“在太长时间以来，来自数字资产领域的创新者的多个联邦机构的法律造成了不公平和不确定性，这破坏了对监管过程的信任并阻碍了美国的竞争力。”

Acting Chair Pham’s statement and directive come in response to Executive Order 14219 and the DOJ’s updated charging guidelines, both of which reinforce a shift in focus away from using legal action as a proxy for policy clarity.

代理主席PHAM的声明和指令是针对14219号行政命令和司法部更新的收费指南的回应，这两者都强化了将重点转移到使用法律行动作为政策清晰度的代理的转变。

President Trump issued Executive Order 14219 in February, directing federal agencies to review and eliminate regulations that are unconstitutional, based on improper legislative delegation, or impose high costs without clear public benefit. That same month, the DOJ issued new policy directives, including a memo on charging, plea deals, and sentencing that instructed prosecutors to pursue the most serious and readily provable offenses. Additionally, the DOJ will no longer maintain a dedicated unit to focus on cryptocurrency-related offenses.

特朗普总统于2月发布了14219年的行政命令，指示联邦机构以不当立法代表团的不当行为审查和消除违宪的法规，或者在没有明显的公共利益的情况下施加高昂的成本。同月，司法部发布了新的政策指令，包括有关收费，认罪交易和量刑的备忘录，指示检察官采取最严重且易于证明的罪行。此外，司法部将不再保持专用部门，以专注于与加密货币相关的犯罪。

With the Commission currently unable to secure a majority vote to dismiss or settle ongoing litigation, Acting Chair Pham is using her executive authority to prioritize the agency’s limited resources.

由于委员会目前无法获得多数投票以驳回或解决正在进行的诉讼，代理主席Pham正在利用其执行权力来优先考虑该机构的有限资源。

Her directive signals a strategic redirection of enforcement efforts, reserving agency resources for combating fraud, manipulation, and clear-cut violations of law. By narrowing the focus of prosecutions, the CFTC aims to restore certainty to digital asset markets while avoiding unnecessary entanglement in cases lacking evidence of willful misconduct.

她的指示标志着对执法工作的战略重定向，保留代理机构资源来打击欺诈，操纵和明确违反法律的行为。通过缩小起诉的重点，CFTC旨在恢复数字资产市场的确定性，同时避免在缺乏故意不当行为证据的情况下避免不必要的纠缠。