加密行业一直迫切希望美国法规

加密行业一直迫切希望美国法规是其全球成熟难题中的最后一个主要作品

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.

加密行业一直迫切希望美国法规是其全球成熟度难题中的最后一个主要作品，但是部门的资深和合规专家Tuongvy Le认为，国会和监管机构正在为当今的数字资产领域而言，而是为未来的金融体系的核心致力于。

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曾在贝恩资本（Bain Capital）和前WorldCoin（现为世界网络）的Anchorage Digital担任过顶级法律和监管机构职位。将传统金融中的证券和商品交易迁移到区块链上是一个戏剧性的举动，该领域被困在处理交易的遗产方法中，植根于几十年前建立的冗长的清算和解决方法。

"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."

她在接受采访时说：“加密货币融合已经开始。”概述了她周一在纽约大学的奥斯汀·坎贝尔（Austin Campbell）发表的一篇论文中进一步放大了想法。 “一旦通过市场结构和稳定立法，它确实会起飞。老实说，很难意识到，您正在发生真正的转变，但是我认为我们会以此来回顾一下互联网的方式，以及它从根本上改变我们的社会方式，我确实相信，我确实相信Blockchain技术和Tokenization将获得财务系统。”

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.

到目前为止，她对国会立法者在上一届会议上21世纪的金融创新和技术后面建立的市场结构法案的最新讨论草案中所做的变化给她留下了深刻的印象。她赞扬了其在单个交易平台触及的多种交易以及对区块链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.

她说，目前在国会正在进行的立法将是该行业的“巨大解锁”，但是包括美国证券交易委员会和商品期货贸易委员会在内的美国金融机构已经在移动。

"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?"

“即使是监管机构也认识到如何使用区块链为资本市场创建更好的建筑。因此，我们如何开始以使市场更有效，透明和公平的方式开始融入该资本技术？”

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，并认为，如果交易是现场直播和透明的，则可以预防许多涉及经纪人不当行为，市场操纵和欺诈性报告的人，需要较少的中介机构。

"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.

她说：“多年来，许多行业一直在乞求监管性的清晰度，这不仅是因为受到执法行动甚至犯罪指控的不断威胁，这不是对行业进行监管的方法，而且是因为拥有明确的政权更容易区分好和坏演员。

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

“有时候，清晰度比法律实际说的要重要，因为企业会找到一种与之合作的方法。”

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预计，美国立法者在接受加密监督的情况下还将为市场监管机构建立新的资源，但是这些机构也将不得不扩大他们的专业知识，因为您“无法规范您不了解的内容”。

"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将获得对加密货币市场的许多新权限，那么它确实需要获得更好的资源。他们现在不在那儿。”

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.

加密立法是国会山上的重中之重 - 尽管政治和唐纳德·特朗普总统的加密货币利益却干扰了其道路，尽管有一些挫折。

"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."

“风确实在行业的背上，如果我们能正确地立法，那真的将释放金融创新的黄金时代。”