与数字野生西部相比，加密货币景观终于看到了监管映射的外观的出现。

SEC刚刚概述了路线图，以阐明证券法在加密货币中的应用。该计划的目的是成为市场参与者的指南针，在创新和合规之间振荡。深入研究正在进行的调节的迷宫。

The crypto landscape, often compared to a digital Wild West, seems to be finally seeing the emergence of a semblance of regulatory mapping. The SEC, the historical guardian of American financial markets, has just outlined a roadmap to clarify the application of securities laws to cryptos.

加密景观通常与数字野生西部相比，似乎终于看到了监管映射的外观的出现。美国金融市场的历史守护者SEC刚刚概述了一个路线图，以阐明证券法对加密货币的应用。

This initiative, far from being a flashy move, aims to be a compass for market players, oscillating between innovation and compliance. A deep dive into the labyrinth of a regulation in progress.

这项倡议远非浮华的举动，旨在成为市场参与者的指南针，在创新和合规之间振荡。深入研究正在进行的调节的迷宫。

Cryptos in the Spotlight

聚光灯的加密货币

The yuan continues to fall. Some see it as a signal: the time has come to turn to crypto. Meanwhile, the SEC is becoming more vigilant. On April 10, its Division of Corporate Finance issued a statement. It explains how federal securities laws could apply to crypto assets. A clear warning, in an increasingly tense context.

人民币继续下降。有些人将其视为一个信号：现在是时候转向加密货币了。同时，SEC变得越来越警惕。 4月10日，其公司融资部发表了一份声明。它解释了联邦证券法可以如何适用于加密资产。在越来越紧张的情况下，明确的警告。

Although non-binding, these guidelines highlight a clear expectation: companies must unveil the behind-the-scenes. Operations, business models, technological mechanisms... Nothing should remain in the shadows. “A welcome step towards clearer regulatory direction”, according to attorney Joe Carlasare.

尽管没有约束力，但这些准则强调了一个明确的期望：公司必须揭开幕后幕后。操作，业务模型，技术机制...阴影中没有任何东西。乔·卡拉萨雷（Joe Carlasare）律师说：“朝着更清晰的监管方向迈出了可喜的一步。”

The SEC now requires companies to explain their technical infrastructure with surgical precision.

SEC现在要求公司以手术精度来解释其技术基础设施。

Blockchain Proof-of-Work or Proof-of-Stake? Block sizes, transaction speeds, reward mechanisms... These details, often relegated to the background, are becoming central.

区块链的工作证明或股份证明？区块尺寸，交易速度，奖励机制...这些细节通常降级为背景，正变得核心。

Even the open-source nature of a protocol must be explicitly mentioned. An effort for transparency that, if well executed, could enhance the credibility of a sector still perceived as opaque.

甚至必须明确提及协议的开源性质。透明度的努力，如果执行得很好，可以提高仍然被认为是不透明的行业的信誉。

While the SEC specifies that no registration is required for crypto offerings not classified as securities, it carefully avoids defining which assets fall into this category. A strategic vagueness? Probably. This gray area leaves a persistent uncertainty, reminding us that the legal battle over cryptos like XRP or ETH is far from over.

尽管SEC指定未归类为证券的加密产品不需要注册，但它仔细地避免定义哪些资产属于此类别。战略性的模糊性？大概。这个灰色区域留下了持久的不确定性，提醒我们，XRP或ETH等加密货币的法律斗争还远远没有结束。

Transparency Required: Risks to Disclose Without Filter

需要透明度：披露没有过滤的风险

Companies must now list risks with unfaltering honesty. Price volatility, network vulnerabilities, dangers associated with crypto custody... The SEC demands a comprehensive list, going beyond classical business risks. The goal? To avoid unpleasant surprises for investors, often overwhelmed by technical jargon or overly bold promises.

公司现在必须以诚实不稳定的方式列出风险。价格波动，网络漏洞，与加密货币监护相关的危险……SEC要求全面清单，超越了古典业务风险。目标？为了避免对投资者感到不愉快的惊喜，通常被技术术语或过于大胆的承诺所压倒性的。

Another crucial point: smart contracts. The SEC insists that companies reveal whether their code has been audited by third parties and who can modify it. A measure targeting decentralized projects, where protocol updates can trigger governance wars. In short, every modification must be traced, every decision justified.

另一个关键点：智能合约。 SEC坚持认为，公司揭示其代码是否已由第三方审核并可以对其进行修改。针对分散项目的措施，协议更新可以触发治理战争。简而言之，必须追踪每个修改，每个决定都是合理的。

Finally, the identity of key executives and significant employees must be disclosed. A requirement that disrupts the anonymity sometimes cherished in crypto culture. For the SEC, knowing the key players helps assess the legitimacy of a project. An approach that could deter scams but also clash with decentralization purists.

最后，必须披露主要高管和重要员工的身份。这项要求破坏有时在加密文化中珍惜的匿名性的要求。对于SEC，了解主要参与者有助于评估项目的合法性。一种可以阻止骗局但也与权力下放纯粹主义者冲突的方法。

With these directives, the SEC is walking a tightrope: regulating without suffocating, clarifying without rigidifying. While some see this as a first step towards institutional recognition, others denounce a regulatory straitjacket. Nevertheless, in a sector where trust is a rare currency, this imposed transparency could prove beneficial.

有了这些指示，SEC正在行走一根绳索：调节而不会令人窒息，澄清而不施加严格。虽然有些人认为这是迈向机构认可的第一步，但另一些人则谴责监管紧身衣。然而，在信任是一种罕见货币的行业中，这种施加的透明度可能会有益。

Let’s hope that stakeholders see it as an opportunity, not an obstacle. In crypto as elsewhere, more clarity is better than ambiguity. And this clarity could soon be paired with a booster shot. Trump, if he continues on his path, could very well usher the industry into a new era. So, hang on tight.

希望利益相关者将其视为机会，而不是障碍。在加密货币和其他地方，更清晰胜于歧义。而且这种清晰度很快就会与助推器相结合。特朗普，如果他继续前进，就可以很好地将整个行业带入一个新时代。所以，紧紧抓住。

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.

通过我们的“阅读赚取”计划最大化您的共同成员体验！对于您阅读的每篇文章，请赚取积分并获得独家奖励。立即注册并开始赚取福利。

Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.

自2017年以来，Evariste着迷于比特币，不断研究该主题。尽管他最初的兴趣是交易，但他现在积极寻求了解以加密货币为中心的所有进步。作为一名编辑，他努力始终如一地提供反映整个行业状态的高质量工作。

The post A Glimpse into the Labyrinth: Deciphering the SEC's Latest Moves on Cryptos in 2024 appeared first on Cointribune.

该帖子瞥见迷宫：在2024年对SEC对加密货币的最新动作解密，首先出现在Cointribune上。