加密十字军约翰·迪顿代表加密货币行业卷入 SEC 之战

马萨诸塞州共和党参议员候选人约翰·迪顿 (John Deaton) 提交了一份非当事人意见陈述，支持美国最大的加密货币交易所 Coinbase 与美国证券交易委员会 (SEC) 就加密货币是否应被归类为证券进行法律斗争。 Deaton 是一名加密货币爱好者和律师，他正在代表数千名寻求保护自身利益的 Coinbase 用户进行干预。他认为，美国证券交易委员会对于如何监管​​代币的不一致观点引起了人们的担忧，将豪伊测试应用于数字资产的问题应该由更高一级的法院解决。

Crypto Champion John Deaton Wages Legal Battle Against SEC on Behalf of Cryptocurrency Industry

加密货币冠军 John Deaton 代表加密货币行业向 SEC 发起法律诉讼

Amidst the whirlwind of his campaign for Massachusetts Senate, John Deaton, a staunch crypto advocate and lawyer-turned-political candidate, has taken up arms against the Securities and Exchange Commission (SEC) on behalf of the beleaguered cryptocurrency industry.

在马萨诸塞州参议员竞选的旋风中，坚定的加密货币倡导者、律师出身的政治候选人约翰·迪顿 (John Deaton) 代表陷入困境的加密货币行业拿起武器反对美国证券交易委员会 (SEC)。

In a bold move, Deaton has filed an amicus brief in the Southern District of New York in support of Coinbase, the United States' largest cryptocurrency exchange, in its ongoing legal battle with the SEC. This intervention represents the voices of 4,701 Coinbase users, developers, and crypto investors who demand their concerns to be heard in court.

迪顿采取了大胆举措，在纽约南区提交了一份非当事人意见陈述，支持美国最大的加密货币交易所 Coinbase 与 SEC 正在进行的法律斗争。此次干预代表了 4,701 名 Coinbase 用户、开发者和加密货币投资者的声音，他们要求在法庭上听取他们的担忧。

"SEC Chairman Gary Gensler and his agency have shown a disregard for protecting small investors, serving only their political masters," Deaton told FOX Business. "While the SEC wields vast resources at taxpayers' expense, and Coinbase is a formidable company with top-tier legal counsel, consumers deserve an advocate who will amplify their voices."

迪顿对福克斯商业频道表示：“美国证券交易委员会主席加里·詹斯勒和他的机构表现出对保护小投资者的漠视，只为他们的政治主人服务。” “虽然美国证券交易委员会以纳税人的利益为代价动用了大量资源，而 Coinbase 是一家拥有顶级法律顾问的强大公司，但消费者应该有一位能够放大他们声音的倡导者。”

Coinbase and the SEC have declined to comment on the matter.

Coinbase 和 SEC 拒绝对此事发表评论。

The SEC's lawsuit against Coinbase, filed in June 2022, alleges violations of securities laws by operating as an unregistered broker-dealer and offering unregistered securities in the form of crypto tokens. A Manhattan judge ruled in March 2023 that the SEC has sufficient grounds to proceed with the case.

美国证券交易委员会 (SEC) 于 2022 年 6 月对 Coinbase 提起诉讼，指控 Coinbase 作为未注册经纪交易商运营并以加密代币形式提供未注册证券，违反了证券法。曼哈顿法官于 2023 年 3 月裁定，美国证券交易委员会有足够的理由继续审理此案。

Coinbase has since filed a motion for an interlocutory appeal, seeking a halt to proceedings while a higher court resolves the fundamental legal question that has ignited a standoff between the SEC and the crypto industry: Does the Howey Test, established in a 1946 Supreme Court ruling, apply to cryptocurrency transactions?

此后，Coinbase 提出了中间上诉动议，寻求暂停诉讼，同时由高等法院解决引发 SEC 和加密货币行业之间僵局的基本法律问题：1946 年最高法院裁决中建立的 Howey 测试是否有效，适用于加密货币交易吗？

The Howey Test is the benchmark used to determine whether a transaction qualifies as an investment contract and thus a security.

豪伊测试是用于确定交易是否符合投资合同以及证券资格的基准。

The SEC contends that most cryptocurrencies, except Bitcoin, likely satisfy the Howey Test due to their similarities to traditional securities like stocks and bonds, where investors invest in an entity with the expectation of profit.

美国证券交易委员会认为，除比特币外，大多数加密货币可能满足豪伊测试，因为它们与股票和债券等传统证券相似，投资者投资于实体并期望获得利润。

However, the crypto industry argues that the SEC is attempting to exert its authority over digital assets by forcing them into the existing framework of securities laws, which were established decades ago without consideration for blockchain technology. Many industry experts believe that most digital assets are more akin to commodities and should fall under the jurisdiction of the SEC's sister agency, the Commodity Futures Trading Commission (CFTC).

然而，加密行业认为，美国证券交易委员会试图通过强迫数字资产进入现有的证券法框架来对数字资产行使权力，而这些法律是几十年前制定的，没有考虑到区块链技术。许多行业专家认为，大多数数字资产更类似于商品，应该属于 SEC 的姊妹机构商品期货交易委员会（CFTC）的管辖范围。

Deaton's amicus brief challenges the SEC's inconsistent views on how tokens should be regulated. In the Coinbase lawsuit, SEC attorneys argued that Bitcoin, the only asset they exempt from security classification, has earned this status because it lacks an ecosystem or "network."

迪顿的法庭之友陈述挑战了 SEC 关于如何监管​​代币的不一致观点。在 Coinbase 诉讼中，SEC 律师辩称，比特币是他们唯一免于安全分类的资产，但因其缺乏生态系统或“网络”而获得了这一地位。

Deaton counters that Bitcoin arguably has the largest and most established ecosystem, which is precisely why investors choose to invest in it.

迪顿反驳说，比特币可以说拥有最大、最成熟的生态系统，这正是投资者选择投资它的原因。

"It's absurd to claim that Bitcoin is not a security because it lacks an ecosystem while simultaneously recognizing that other tokens have ecosystems," Deaton asserts.

迪顿断言：“声称比特币不是一种证券是荒谬的，因为它缺乏生态系统，同时又承认其他代币也有生态系统。”

Deaton's brief, which vehemently criticizes the SEC's "malevolent" approach to crypto regulation, supports Coinbase's motion for an interlocutory appeal. He argues that the lack of clarity on the application of the Howey Test to digital assets necessitates a higher court's guidance.

Deaton 的简报强烈批评 SEC 对加密货币监管的“恶意”做法，支持 Coinbase 的中间上诉动议。他认为，豪伊测试对数字资产的应用缺乏明确性，因此需要上级法院的指导。

"If the Howey test is to be interpreted and applied indefinitely to all transactions, an appellate court, potentially even the U.S. Supreme Court, must validate its applicability," he writes.

“如果要无限期地解释豪伊测试并适用于所有交易，上诉法院，甚至可能是美国最高法院，必须验证其适用性，”他写道。

Deaton further cites statements from Republican SEC Commissioners Hester Peirce and Mark Uyeda, as well as government officials like Congressman Ritchie Torres (D-New York), expressing concerns about the regulatory landscape under Gensler's leadership.

迪顿进一步引用了共和党 SEC 委员 Hester Peirce 和 Mark Uyeda 以及国会议员 Ritchie Torres（纽约州民主党人）等政府官员的声明，表达了对 Gensler 领导下监管环境的担忧。

"The prevailing lack of clarity seems to be a strategic effort by the SEC to hinder the digital asset industry," Deaton contends. "At best, their actions are not in line with their mission of protecting investors."

迪顿认为：“普遍缺乏明确性似乎是 SEC 为阻碍数字资产行业而采取的战略举措。” “充其量，他们的行为不符合保护投资者的使命。”

Deaton's involvement in the crypto space is not new. As a Republican candidate running against incumbent Democratic Senator Elizabeth Warren from Massachusetts, he has consistently advocated for the $2 trillion crypto industry and taken on securities regulators.

迪顿涉足加密货币领域并不新鲜。作为与马萨诸塞州现任民主党参议员伊丽莎白·沃伦 (Elizabeth Warren) 竞争的共和党候选人，他一直主张建立 2 万亿美元的加密货币行业，并与证券监管机构进行较量。

His legal advocacy for blockchain firm Ripple in its three-year legal battle with the SEC has earned him respect among XRP token holders. He represented XRP investors as an amicus curiae, or "friend of the court," and performed the same role for users of the LBC token in the SEC's lawsuit against decentralized content-sharing platform LBRY.

他在区块链公司 Ripple 与 SEC 长达三年的法律诉讼中为他提供的法律辩护为他赢得了 XRP 代币持有者的尊重。他以法庭之友（amicus curiae）或“法庭之友”的身份代表 XRP 投资者，并在美国证券交易委员会针对去中心化内容共享平台 LBRY 的诉讼中为 LBC 代币的用户扮演同样的角色。

Deaton's efforts in the Ripple case are widely credited as a contributing factor in Manhattan District Judge Torres' ruling, a watershed moment for the industry, which determined that XRP sales between retail investors on exchanges did not meet the SEC's definition of a securities transaction.

迪顿在瑞波案中的努力被广泛认为是曼哈顿地区法官托雷斯裁决的一个促成因素，这是该行业的分水岭，该裁决确定散户投资者在交易所之间的 XRP 销售不符合 SEC 对证券交易的定义。

If the ruling withstands appeal, it will establish a legal precedent that the SEC lacks jurisdiction over secondary market transactions between retail investors, such as those conducted on exchanges like Coinbase.

如果该裁决经受住上诉，将开创一个法律先例，即 SEC 对散户投资者之间的二级市场交易（例如在 Coinbase 等交易所进行的交易）缺乏管辖权。

It has also ignited a heated legal debate over the defining characteristics of a security, which is at the core of most SEC lawsuits against the crypto industry.

它还引发了关于证券定义特征的激烈法律辩论，这是美国证券交易委员会针对加密行业的大多数诉讼的核心。

The Southern District of New York courthouse presents a curious spectacle: three judges holding conflicting views on whether digital asset transactions satisfy the Howey Test. Deaton cites this discord in his brief, arguing for the necessity of an interlocutory appeal to resolve the regulatory conundrum surrounding digital assets once and for all.

纽约南区法院呈现出一个奇怪的景象：三名法官对于数字资产交易是否满足豪伊测试持有不同的观点。迪顿在他的简报中引用了这种不一致，认为有必要进行中间上诉，以一劳永逸地解决围绕数字资产的监管难题。

Although interlocutory appeals are rarely granted, Deaton's persuasive arguments may sway Judge Failla, who is presiding over the Coinbase case, to rule in favor of Coinbase's request.

尽管中间上诉很少获得批准，但迪顿的说服力论点可能会影响主审 Coinbase 案件的法伊拉法官，做出有利于 Coinbase 请求的裁决。

As the legal battle unfolds, John Deaton stands as a formidable champion for the cryptocurrency industry. His unwavering advocacy for clarity, fairness, and consumer protection signals a turning point in the relationship between regulators and the burgeoning digital asset ecosystem.

随着法律战的展开，约翰·迪顿成为加密货币行业的强大冠军。他坚定不移地倡导透明度、公平性和消费者保护，这标志着监管机构与蓬勃发展的数字资产生态系统之间关系的转折点。