加密货币交易所Kraken将面临SEC！

美国加密货币交易所Kraken将不得不面对美国SEC对其提起的诉讼。美国地区法官 William H. Orrick 提出以下意见

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.

美国联邦法官驳回了加密货币交易所 Kraken 驳回美国证券交易委员会 (SEC) 对其加密资产质押计划提起的诉讼的动议。

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.

不过，美国地区法官 William H. Orrick 在周五向旧金山联邦法院提交的书面意见中也表示，SEC 关于 Kraken 代币是证券的论点尚不清楚。

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.

奥里克法官写道，美国证券交易委员会貌似有理地声称，Kraken 在其网络上进行的至少部分加密货币交易构成了投资合同，从而构成了证券，因此受到证券法的约束。

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.

奥里克法官在声明中指出，2020 年至 2021 年间，Kraken 从其交易平台获得了超过 4300 万美元的收入，部分原因是收取交易费并对可交易的资产数量施加了很少的限制。

These 5 altcoins are mentioned in the lawsuit!

诉讼中提到了这5种山寨币！

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

具体来说，SEC 声称 Cardano (ADA)、Cosmos (ATOM)、Filecoin (FIL)、Solana (SOL) 和 Near Network (NEAR) 是 Kraken 提供的证券。

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

奥里克法官对 Howey 测试进行了冗长的评估，SEC 使用该测试来确定资产是否为证券。

“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.

“加密货币本身是一种相对较新的金融工具。然而，推动美国证券交易委员会试图建立监管机构的原则并不新鲜，”奥里克写道。

“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.

“他经常引用 SEC 1946 年美国最高法院的一个案例。 Howey 测试也是基于该案例。作为 Kraken 驳回此案动议的一部分，该交易所辩称 SEC 超出了国会批准的权限。

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

“美国证券交易委员会无权监管所有投机性投资，”该公司的律师写道。

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 主席加里·詹斯勒 (Gary Gensler) 自 2021 年上任以来一直认为，大多数数字代币都是未经注册的证券，应受到他的监督。在他的领导下，美国证券交易委员会起诉了一些全球最大的加密货币公司，包括币安、Coinbase 和 Uniswap。

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

奥里克法官认为，币安和 Coinbase 也未能驳回 SEC 诉讼的某些方面。

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.

同时，Kraken 必须在 20 天内对投诉做出回应。此外，原定的1月14日日期将被取消，听证会日期将提议在10月15日。

Ripple CLO supports crypto exchange Kraken!

Ripple CLO支持加密货币交易所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 在评论最近的裁决时谈到了法院在 Kraken 诉 SEC 案件中判决的一些细节，表示法院再次确认不存在“加密资产证券”这样的东西。

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.

阿尔德罗蒂还指出，这对 SEC 来说是一个挫折。他补充说，监管机构的执法监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 首席法务官 Marco Santori 指出，联邦法院的裁决显示，在 Kraken 上交易的代币都不是证券。

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，监管机构将 Kraken 代币视为“加密资产证券”的做法“往好了说是含糊不清，往坏了说是令人困惑”。 Santori 强调了法院对 SEC 诉讼策略的批评。他还坚持认为，“书面合同”对于定义证券是必要的。因此，他质疑该机构一再歪曲 Kraken 的立场。