{"id":727869,"date":"2026-02-22T00:44:06","date_gmt":"2026-02-21T16:44:06","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=727869"},"modified":"2026-02-22T00:44:06","modified_gmt":"2026-02-21T16:44:06","slug":"%e4%bb%8e%e6%83%a9%e7%bd%9a%e5%88%b0%e6%8e%a5%e7%ba%b3%ef%bc%9asec%e7%9a%842%e6%8a%98%e6%89%a3%e6%92%95%e5%bc%80%e7%a8%b3%e5%ae%9a%e5%b8%81%e5%90%88%e8%a7%84","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=727869","title":{"rendered":"\u4ece\u201c\u60e9\u7f5a\u201d\u5230\u201c\u63a5\u7eb3\u201d\uff1aSEC\u76842%\u6298\u6263\u6495\u5f00\u7a33\u5b9a\u5e01\u5408\u89c4\u53e3\u5b50"},"content":{"rendered":"<p>\u4f5c\u8005\uff1aTonya M. Evans<\/p>\n<p>\u7f16\u8bd1\uff1aGolem<\/p>\n<p>\u539f\u6807\u9898\uff1a\u8d44\u4ea7\u8d1f\u503a\u8868\u4e0a\u7684\u201c<a href=\"https:\/\/www.bitpush.news\/articles\/tag\/%e7%a8%b3%e5%ae%9a%e5%b8%81\" title=\"\u67e5\u770b\u7a33\u5b9a\u5e01\u4e2d\u7684\u5168\u90e8\u6587\u7ae0\" target=\"_blank\" rel=\"noopener\">\u7a33\u5b9a\u5e01<\/a>\u9769\u547d\u201d\uff1a<a href=\"https:\/\/www.bitpush.news\/articles\/tag\/sec\" title=\"\u67e5\u770bSEC\u4e2d\u7684\u5168\u90e8\u6587\u7ae0\" target=\"_blank\" rel=\"noopener\">SEC<\/a>\u7528\u201c2%\u6298\u6263\u201d\u6495\u5f00\u4e86\u6570\u5b57\u8d44\u4ea7\u5408\u89c4\u7684\u53e3\u5b50<\/p>\n<hr\/>\n<p>2 \u6708 19 \u65e5\uff0c<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%be%8e%e5%9b%bd\" title=\"View all posts in \u7f8e\u56fd\" target=\"_blank\" class=\"tag_link\">\u7f8e\u56fd<\/a>\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08<a href=\"https:\/\/www.alphaseek.cn\/?tag=sec\" title=\"View all posts in SEC\" target=\"_blank\" class=\"tag_link\">SEC<\/a>\uff09\u4ea4\u6613\u4e0e\u5e02\u573a\u90e8<a href=\"https:\/\/www.sec.gov\/rules-regulations\/staff-guidance\/trading-markets-frequently-asked-questions\/frequently-asked-questions-relating-crypto-asset-activities-distributed-ledger-technology\" target=\"_blank\" rel=\"noopener\">\u53d1\u5e03\u4e86\u4e00\u4efd\u65b0\u7684\u5e38\u89c1\u95ee\u9898\u89e3\u7b54 <\/a>\uff0c\u9610\u660e\u7ecf\u7eaa\u4ea4\u6613\u5546\u5e94\u5982\u4f55\u6839\u636e\u51c0\u8d44\u672c\u89c4\u5219\u5904\u7406\u652f\u4ed8\u578b<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%a8%b3%e5%ae%9a%e5%b8%81\" title=\"View all posts in \u7a33\u5b9a\u5e01\" target=\"_blank\" class=\"tag_link\">\u7a33\u5b9a\u5e01<\/a>\u3002\u968f\u540e SEC \u52a0\u5bc6<a href=\"https:\/\/www.bitpush.news\/articles\/tag\/%e8%b4%a7%e5%b8%81\" title=\"\u67e5\u770b\u8d27\u5e01\u4e2d\u7684\u5168\u90e8\u6587\u7ae0\" target=\"_blank\" rel=\"noopener\">\u8d27\u5e01<\/a>\u5de5\u4f5c\u7ec4\u4e3b\u5e2d Hester Peirce <a href=\"https:\/\/www.sec.gov\/newsroom\/speeches-statements\/peirce-stablecoin-021926-cutting-two-would-do\" target=\"_blank\" rel=\"noopener\"> \u968f\u5373\u53d1\u8868\u4e86\u4e00\u4efd\u9898\u4e3a\u201c\u6298\u4ef7 2%\u5373\u53ef\u201d\u7684\u58f0\u660e <\/a>\u3002<\/p>\n<p>Peirce \u79f0\uff0c\u5982\u679c\u7ecf\u7eaa\u4ea4\u6613\u5546\u5728\u8ba1\u7b97\u51c0\u8d44\u672c\u65f6\uff0c\u5bf9\u7b26\u5408\u6761\u4ef6\u7684\u652f\u4ed8\u7a33\u5b9a\u5e01\u7684\u81ea\u6709\u5934\u5bf8\u91c7\u7528\u201c2% \u7684\u6298\u4ef7\u201d\u800c\u975e\u60e9\u7f5a\u6027\u7684 100% \u6298\u4ef7\uff0c\u7f8e SEC \u7684\u5de5\u4f5c\u4eba\u5458\u4e0d\u4f1a\u63d0\u51fa\u5f02\u8bae\u3002<\/p>\n<p>\u867d\u7136\u8fd9\u542c\u8d77\u6765\u6709\u4e9b\u6666\u6da9\u96be\u61c2\uff0c\u4f46\u8fd9\u9879\u4f1a\u8ba1\u8c03\u6574\u53ef\u80fd\u662f\u81ea 2025 \u5e74\u521d\u7f8e SEC \u5f00\u59cb\u8f6f\u5316\u5bf9<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%8a%a0%e5%af%86%e8%b4%a7%e5%b8%81\" title=\"View all posts in \u52a0\u5bc6\u8d27\u5e01\" target=\"_blank\" class=\"tag_link\">\u52a0\u5bc6\u8d27\u5e01<\/a>\u7684\u6001\u5ea6\u4ee5\u6765\uff0c\u4e3a\u5c06\u6570\u5b57\u8d44\u4ea7\u5207\u5b9e\u878d\u5165\u4e3b\u6d41<a href=\"https:\/\/www.bitpush.news\/articles\/tag\/%e9%87%91%e8%9e%8d\" title=\"\u67e5\u770b\u91d1\u878d\u4e2d\u7684\u5168\u90e8\u6587\u7ae0\" target=\"_blank\" rel=\"noopener\">\u91d1\u878d<\/a>\u4f53\u7cfb\u800c\u91c7\u53d6\u7684\u6700\u5177\u5f71\u54cd\u529b\u7684\u4e3e\u63aa\u4e4b\u4e00\u3002<\/p>\n<p><strong><span>\u6700\u4f4e\u51c0\u8d44\u672c\u4e0e\u6298\u4ef7<\/span><\/strong><\/p>\n<p>\u8981\u7406\u89e3\u4e2a\u4e2d\u7f18\u7531\uff0c\u6211\u4eec\u9700\u8981\u5148\u4e86\u89e3\u201c\u6298\u4ef7\u201d\u5728\u7ecf\u7eaa\u4ea4\u6613\u5546\u9886\u57df\u4e2d\u7684\u542b\u4e49\u3002<\/p>\n<p>\u6839\u636e\u300a\u8bc1\u5238\u4ea4\u6613\u6cd5\u300b\u7b2c 15c3-1 \u6761\u89c4\u5219\uff0c\u7ecf\u7eaa\u4ea4\u6613\u5546\u5fc5\u987b\u7ef4\u6301\u6700\u4f4e\u51c0\u8d44\u672c\uff0c\u6216\u8005\u66f4\u786e\u5207\u5730\u8bf4\uff0c\u5fc5\u987b\u7ef4\u6301\u6d41\u52a8\u6027\u7f13\u51b2\uff0c\u4ee5\u5728\u516c\u53f8\u9677\u5165\u56f0\u5883\u65f6\u4fdd\u62a4\u5ba2\u6237\u3002\u5728\u8ba1\u7b97\u8be5\u7f13\u51b2\u65f6\uff0c\u516c\u53f8\u5fc5\u987b\u5bf9\u5176\u8d26\u9762\u4e0a\u7684\u4e0d\u540c\u8d44\u4ea7\u5e94\u7528\u201c\u8d44\u4ea7\u51cf\u503c\u201d\uff0c\u964d\u4f4e\u5176\u8ba1\u5165\u4ef7\u503c\u4ee5\u53cd\u6620<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e9%a3%8e%e9%99%a9\" title=\"View all posts in \u98ce\u9669\" target=\"_blank\" class=\"tag_link\">\u98ce\u9669<\/a>\u3002\u56e0\u6b64\uff0c\u98ce\u9669\u8f83\u9ad8\u6216\u6ce2\u52a8\u6027\u8f83\u5927\u7684\u8d44\u4ea7\u4f1a\u53d7\u5230\u66f4\u5927\u7684\u6298\u4ef7\uff0c\u800c\u73b0\u91d1\u5219\u4e0d\u4f1a\u3002<\/p>\n<p>\u6b64\u524d\uff0c\u4e00\u4e9b\u7ecf\u7eaa\u4ea4\u6613\u5546\u81ea\u884c\u5bf9\u7a33\u5b9a\u5e01\u5b9e\u65bd 100%\u7684\u6298\u4ef7\uff0c\u8fd9\u610f\u5473\u7740\u8fd9\u4e9b\u6301\u4ed3\u5728\u5176\u8d44\u672c\u8ba1\u7b97\u4e2d\u5b8c\u5168\u4e0d\u8ba1\u5165\u3002\u7ed3\u679c\u9020\u6210\u4e86\u6301\u6709\u7a33\u5b9a\u5e01\u7684\u6210\u672c\u8fc7\u9ad8\uff0c\u5bf9\u4e8e\u53d7\u76d1\u7ba1\u7684\u4e2d\u4ecb\u673a\u6784\u800c\u8a00\uff0c\u5728\u8d22\u52a1\u4e0a\u96be\u4ee5\u4e3a\u7ee7\u3002<\/p>\n<p>\u5982\u4eca 2%\u7684\u6298\u4ef7\u5f7b\u5e95\u6539\u53d8\u4e86\u8fd9\u79cd\u8ba1\u7b97\u65b9\u5f0f\uff0c\u4f7f\u652f\u4ed8\u578b\u7a33\u5b9a\u5e01\u4e0e\u6301\u6709\u7c7b\u4f3c\u57fa\u7840\u8d44\u4ea7\uff08\u5982\u7f8e\u56fd\u56fd\u503a\u3001\u73b0\u91d1\u548c\u77ed\u671f\u653f\u5e9c<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%80%ba%e5%88%b8\" title=\"View all posts in \u503a\u5238\" target=\"_blank\" class=\"tag_link\">\u503a\u5238<\/a>\uff09\u7684<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e8%b4%a7%e5%b8%81\" title=\"View all posts in \u8d27\u5e01\" target=\"_blank\" class=\"tag_link\">\u8d27\u5e01<\/a>\u5e02\u573a\u57fa\u91d1\u5904\u4e8e\u540c\u7b49\u5730\u4f4d\u3002<\/p>\n<p>\u6b63\u5982 Peirce \u6307\u51fa\u7684\uff0c\u6839\u636e\u300aGENIUS \u6cd5\u6848\u300b\uff0c\u83b7\u51c6\u53d1\u884c\u7a33\u5b9a\u5e01\u7684\u51c6\u5907\u91d1\u8981\u6c42\u5b9e\u9645\u4e0a\u6bd4\u6ce8\u518c\u8d27\u5e01\u5e02\u573a\u57fa\u91d1\uff08\u5305\u62ec\u653f\u5e9c\u8d27\u5e01\u5e02\u573a\u57fa\u91d1\uff09\u7684\u201c\u5408\u683c\u8bc1\u5238\u201d\u8981\u6c42\u66f4\u4e3a\u4e25\u683c\u3002\u5728\u5979\u770b\u6765\uff0c\u8003\u8651\u5230\u8fd9\u4e9b\u5de5\u5177\u7684\u5b9e\u9645\u652f\u6491\u8d44\u4ea7\uff0c100%\u7684\u6298\u4ef7\u8fc7\u4e8e\u82db\u523b\u3002<\/p>\n<p>\u8fd9\u4e00\u70b9\u81f3\u5173\u91cd\u8981\uff0c\u56e0\u4e3a\u7a33\u5b9a\u5e01\u662f\u94fe\u4e0a\u4ea4\u6613\u7684\u201c\u652f\u67f1\u201d\u3002\u5b83\u4eec\u662f\u4ef7\u503c\u5728<a href=\"https:\/\/www.bitpush.news\/articles\/tag\/%e5%8c%ba%e5%9d%97%e9%93%be\" title=\"\u67e5\u770b\u533a\u5757\u94fe\u4e2d\u7684\u5168\u90e8\u6587\u7ae0\" target=\"_blank\" rel=\"noopener\">\u533a\u5757\u94fe<\/a>\u4e0a\u6d41\u52a8\u7684\u65b9\u5f0f\uff0c\u4e5f\u662f\u63a8\u52a8\u4ea4\u6613\u3001\u7ed3\u7b97\u548c\u652f\u4ed8\u7684\u5ba1\u614e\u5f15\u64ce\u3002<\/p>\n<p>\u5982\u679c\u7ecf\u7eaa\u4ea4\u6613\u5546\u65e0\u6cd5\u5728\u4e0d\u6e05\u7a7a\u8d44\u672c\u5934\u5bf8\u7684\u60c5\u51b5\u4e0b\u6301\u6709\u8fd9\u4e9b<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e4%bb%a3%e5%b8%81\" title=\"View all posts in \u4ee3\u5e01\" target=\"_blank\" class=\"tag_link\">\u4ee3\u5e01<\/a>\uff0c\u5b83\u4eec\u5c31\u65e0\u6cd5\u6709\u6548\u5730\u53c2\u4e0e\u4ee3\u5e01\u5316\u8bc1\u5238\u5e02\u573a\uff0c\u65e0\u6cd5\u4fc3\u8fdb\u5b9e\u7269\u4ea4\u6613\u6240\u4ea4\u6613\u4ea7\u54c1 (ETP) \u7684\u521b\u5efa\uff0c\u4e5f\u65e0\u6cd5\u63d0\u4f9b\u673a\u6784\u65e5\u76ca\u9700\u8981\u7684\u52a0\u5bc6\u8d27\u5e01\u548c\u8bc1\u5238\u4e00\u4f53\u5316\u670d\u52a1\u3002<\/p>\n<p><strong><span>\u201c2%\u6298\u4ef7\u201d\u58f0\u660e\u6070\u9022\u65f6\u673a<\/span><\/strong><\/p>\n<p>\u6b64\u65f6\u5ba3\u5e03\u201c2%\u6298\u4ef7\u201d\u65f6\u673a\u81f3\u5173\u91cd\u8981\u3002<\/p>\n<p><a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%89%b9%e6%9c%97%e6%99%ae\" title=\"View all posts in \u7279\u6717\u666e\" target=\"_blank\" class=\"tag_link\">\u7279\u6717\u666e<\/a>\u603b\u7edf\u4e8e 2025 \u5e74 7 \u6708 18 \u65e5\u7b7e\u7f72\u7684\u300aGENIUS \u6cd5\u6848\u300b\u521b\u5efa\u4e86\u9996\u4e2a\u5168\u9762\u7684\u8054\u90a6\u652f\u4ed8\u7a33\u5b9a\u5e01\u6846\u67b6\u3002\u8be5\u6cd5\u6848\u4e3a\u7a33\u5b9a\u5e01\u53d1\u884c\u673a\u6784\u8bbe\u7acb\u4e86\u51c6\u5907\u91d1\u8981\u6c42\u3001\u8bb8\u53ef\u6d41\u7a0b\u548c\u76d1\u7ba1\u673a\u5236\uff0c\u5e76\u5c06\u5b83\u4eec\u7eb3\u5165\u4e00\u4e2a\u533a\u5206\u652f\u4ed8\u7a33\u5b9a\u5e01\u548c\u5176\u4ed6\u6570\u5b57\u8d44\u4ea7\u7684\u76d1\u7ba1\u6846\u67b6\u4e4b\u4e0b\u3002<\/p>\n<p>\u8054\u90a6\u5b58\u6b3e\u4fdd\u9669\u516c\u53f8\uff08FDIC\uff09\u76ee\u524d\u6b63\u5728\u5b9e\u65bd\u53d7\u4fdd\u5b58\u6b3e\u673a\u6784\u901a\u8fc7\u5176\u5b50\u516c\u53f8\u53d1\u884c\u652f\u4ed8\u7a33\u5b9a\u5e01\u7684\u7533\u8bf7\u7a0b\u5e8f\u3002\u8d27\u5e01\u76d1\u7406\u7f72\uff08OCC\uff09\u4e5f\u5728\u5efa\u7acb\u81ea\u5df1\u7684\u6846\u67b6\u3002\u603b\u4e4b\uff0c\u8054\u90a6\u76d1\u7ba1\u673a\u6784\u6b63\u4e89\u5206\u593a\u79d2\u5730\u5728 2026 \u5e74 7 \u6708\u7684\u6700\u540e\u671f\u9650\u524d\u5b8c\u6210\u5173\u952e\u5b9e\u65bd\u7ec6\u5219\u7684\u5236\u5b9a\u3002<\/p>\n<p>Peirce \u7684\u58f0\u660e\u53ca\u5176\u9644\u5e26\u7684\u5e38\u89c1\u95ee\u9898\u89e3\u7b54\u6709\u6548\u5730\u5f25\u5408\u4e86\u300aGENIUS \u6cd5\u6848\u300b\u7acb\u6cd5\u6846\u67b6\u4e0e\u7f8e SEC \u81ea\u8eab\u89c4\u5219\u624b\u518c\u4e4b\u95f4\u7684\u5dee\u8ddd\u3002<\/p>\n<p>\u5e38\u89c1\u95ee\u9898\u89e3\u7b54\u4e2d\u5bf9\u201c\u652f\u4ed8\u7a33\u5b9a\u5e01\u201d\u7684\u5b9a\u4e49\u7279\u610f\u7740\u773c\u4e8e\u672a\u6765\uff1a\u5728\u300aGENIUS \u6cd5\u6848\u300b\u751f\u6548\u65e5\u671f\u4e4b\u524d\uff0c\u5b83\u4f9d\u8d56\u4e8e\u73b0\u6709\u7684\u5dde\u7ea7\u76d1\u7ba1\u6807\u51c6\uff0c\u4f8b\u5982\u5dde\u7ea7\u6c47\u6b3e\u8bb8\u53ef\u8bc1\u3001\u4e0e\u6cd5\u6848\u4e2d\u89c4\u5b9a\u7684\u51c6\u5907\u91d1\u8981\u6c42\u76f8\u7b26\u7684\u8981\u6c42\u4ee5\u53ca\u6ce8\u518c\u4f1a\u8ba1\u5e08\u4e8b\u52a1\u6240\u7684\u6708\u5ea6\u9274\u8bc1\u62a5\u544a\u3002\u5728\u300aGENIUS \u6cd5\u6848\u300b\u751f\u6548\u540e\uff0c\u8be5\u5b9a\u4e49\u5c06\u8f6c\u53d8\u4e3a\u6cd5\u6848\u81ea\u8eab\u7684\u6807\u51c6\u3002<\/p>\n<p>\u8fd9\u79cd\u53cc\u8f68\u5236\u65b9\u6cd5\u610f\u5473\u7740\u7ecf\u7eaa\u4ea4\u6613\u5546\u65e0\u9700\u7b49\u5230\u300aGENIUS \u6cd5\u6848\u300b\u5168\u9762\u5b9e\u65bd\u5373\u53ef\u5f00\u59cb\u5c06\u7a33\u5b9a\u5e01\u89c6\u4e3a\u5176\u5408\u6cd5\u7684\u4ea4\u6613\u5de5\u5177\u3002<\/p>\n<p>Peirce \u8fd8\u8868\u793a\uff0c\u5de5\u4f5c\u4eba\u5458\u7684\u6307\u5bfc\u4ec5\u4ec5\u662f\u5f00\u59cb\u3002\u5979\u9080\u8bf7\u5e02\u573a\u53c2\u4e0e\u8005\u5c31\u5982\u4f55\u6b63\u5f0f\u4fee\u8ba2 15c3-1 \u89c4\u5219\u4ee5\u7eb3\u5165\u652f\u4ed8\u7a33\u5b9a\u5e01\u53d1\u8868\u610f\u89c1\uff0c\u5e76\u5f81\u6c42\u5bf9\u5176\u4ed6\u53ef\u80fd\u9700\u8981\u66f4\u65b0\u7684\u7f8e SEC \u89c4\u5219\u7684\u610f\u89c1\u3002\u8fd9\u79cd\u516c\u5f00\u5f81\u6c42\u53cd\u9988\u610f\u89c1\u7684\u505a\u6cd5\u8868\u660e\uff0c\u59d4\u5458\u4f1a\u6b63\u5728\u8003\u8651\u7684\u4e0d\u4ec5\u4ec5\u662f\u9488\u5bf9\u4e00\u6b21\u6027\u5e38\u89c1\u95ee\u9898\u89e3\u7b54\uff0c\u800c\u662f\u8981\u5c06\u7a33\u5b9a\u5e01\u66f4\u7cfb\u7edf\u5730\u6574\u5408\u5230\u5176\u76d1\u7ba1\u4f53\u7cfb\u4e2d\u3002<\/p>\n<p><strong><span>\u5f71\u54cd\u76d1\u7ba1\u7cbe\u51c6\u6027\u7684<a href=\"https:\/\/www.bitpush.news\/articles\/tag\/%e6%94%bf%e7%ad%96\" title=\"\u67e5\u770b\u653f\u7b56\u4e2d\u7684\u5168\u90e8\u6587\u7ae0\" target=\"_blank\" rel=\"noopener\">\u653f\u7b56<\/a><\/span><\/strong><\/p>\n<p>\u81ea 2025 \u5e74 1 \u6708\u5728\u65f6\u4efb\u4ee3\u7406\u4e3b\u5e2d Mark Uyeda \u7684\u9886\u5bfc\u4e0b\u6210\u7acb\u52a0\u5bc6\u8d27\u5e01\u5de5\u4f5c\u7ec4\u4ee5\u6765\uff0c\u7f8e SEC \u4e00\u76f4\u5728\u7cfb\u7edf\u6027\u5730\u9010\u6b65\u53d6\u6d88\u524d\u4efb\u4e3b\u5e2d Gary Gensler \u65f6\u671f\u4ee5\u6267\u6cd5\u4e3a\u4e3b\u5bfc\u7684\u76d1\u7ba1\u65b9\u5f0f\u3002<\/p>\n<p>\u4f8b\u5982\uff0c\u7f8e SEC \u53d1\u5e03\u4e86\u5173\u4e8e\u7ecf\u7eaa\u4ea4\u6613\u5546\u6258\u7ba1\u52a0\u5bc6\u8d44\u4ea7\u7684\u6307\u5bfc\u610f\u89c1\uff0c\u660e\u786e\u6307\u51fa\u52a0\u5bc6\u8d44\u4ea7\u8bc1\u5238\u65e0\u9700\u4ee5\u7eb8\u8d28\u5f62\u5f0f\u6ee1\u8db3\u63a7\u5236\u8981\u6c42\uff0c\u5141\u8bb8\u7ecf\u7eaa\u4ea4\u6613\u5546\u534f\u52a9\u8fdb\u884c\u5b9e\u7269 ETP \u7684\u521b\u5efa\u548c\u8d4e\u56de\uff0c\u5e76\u9610\u8ff0\u4e86\u53e6\u7c7b\u4ea4\u6613\u7cfb\u7edf\u5982\u4f55\u652f\u6301\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u5bf9\u4ea4\u6613\u3002<\/p>\n<p>\u6b64\u5916\uff0c\u5305\u542b\u4eca\u65e5\u7a33\u5b9a\u5e01\u6307\u5bfc\u610f\u89c1\u7684\u5e38\u89c1\u95ee\u9898\u89e3\u7b54\u9875\u9762\u5df2\u53d1\u5c55\u6210\u4e3a\u4e00\u4e2a\u5168\u9762\u7684<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e8%b5%84%e6%ba%90\" title=\"View all posts in \u8d44\u6e90\" target=\"_blank\" class=\"tag_link\">\u8d44\u6e90<\/a>\uff0c\u6db5\u76d6\u4e86\u4ece\u8fc7\u6237\u4ee3\u7406\u4eba\u4e49\u52a1\u5230\u8bc1\u5238<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%8a%95%e8%b5%84\" title=\"View all posts in \u6295\u8d44\" target=\"_blank\" class=\"tag_link\">\u6295\u8d44<\/a>\u8005\u4fdd\u62a4\u516c\u53f8\uff08SIPC\uff09\u5bf9\u975e\u8bc1\u5238\u52a0\u5bc6\u8d44\u4ea7\u7684\u4fdd\u62a4\uff08\u6216\u7f3a\u4e4f\u4fdd\u62a4\uff09\u7b49\u65b9\u65b9\u9762\u9762\u3002\u5bf9\u4e8e\u4f20\u7edf\u91d1\u878d\u670d\u52a1\u884c\u4e1a\u800c\u8a00\uff0c\u8fd9\u4e9b\u4e3e\u63aa\u7684\u5b9e\u9645\u5f71\u54cd\u548c\u76f4\u63a5\u5f71\u54cd\u662f\u5de8\u5927\u7684\uff1a<\/p>\n<ul>\n<li>\n<p>\u6b63\u5728\u8bc4\u4f30\u662f\u5426\u8fdb\u5165\u6570\u5b57\u8d44\u4ea7\u9886\u57df\u7684\u94f6\u884c\u548c\u7ecf\u7eaa\u4ea4\u6613\u5546\u73b0\u5728\u53ef\u4ee5\u66f4\u6e05\u695a\u5730\u4e86\u89e3\u5176\u6301\u6709\u7684\u7a33\u5b9a\u5e01\u5c06\u5982\u4f55\u83b7\u5f97\u8d44\u672c\u5904\u7406\u3002<\/p>\n<\/li>\n<li>\n<p>\u6b64\u524d\u56e0\u5bf9\u7ef4\u6301\u5927\u91cf\u5934\u5bf8\uff08\u6700\u7ec8\u5728\u8d44\u4ea7\u8d1f\u503a\u8868\u4e0a\u51c0\u503c\u4e3a\u96f6\uff09\u7684\u8fd0\u8425\u6210\u672c\u611f\u5230\u72b9\u8c6b\u4e0d\u51b3\u7684\u516c\u53f8\uff0c\u73b0\u5728\u53ef\u4ee5\u91cd\u65b0\u8003\u8651\u4e86\u3002<\/p>\n<\/li>\n<li>\n<p>\u6258\u7ba1\u673a\u6784\u3001\u6e05\u7b97\u516c\u53f8\u548c\u53e6\u7c7b\u4ea4\u6613\u7cfb\u7edf\uff08ATS\uff09\u8fd0\u8425\u5546\u6b63\u5728\u63a2\u7d22\u4ee3\u5e01\u5316\u8bc1\u5238\u7ed3\u7b97\uff0c\u5982\u4eca\u4ed6\u4eec\u77e5\u9053\uff0c\u7ed3\u7b97\u8d44\u4ea7\uff08\u7a33\u5b9a\u5e01\uff09\u4e0d\u4f1a\u88ab\u89c6\u4e3a\u76d1\u7ba1\u4e0a\u7684\u7d2f\u8d58\u3002<\/p>\n<\/li>\n<\/ul>\n<p>\u5bf9\u4e8e\u666e\u901a\u6295\u8d44\u8005\uff0c\u5c24\u5176\u662f\u90a3\u4e9b\u5386\u6765\u88ab\u4f20\u7edf\u91d1\u878d\u670d\u52a1\u5ffd\u89c6\u7684\u4eba\u7fa4\u800c\u8a00\uff0c\u5176\u540e\u7eed\u5f71\u54cd\u540c\u6837\u91cd\u8981\u3002\u56fd\u9645\u8d27\u5e01\u57fa\u91d1\u7ec4\u7ec7\uff08IMF\uff09\u6307\u51fa\uff0c\u7a33\u5b9a\u5e01\u5df2<a href=\"https:\/\/www.imf.org\/en\/blogs\/articles\/2025\/12\/04\/how-stablecoins-can-improve-payments-and-global-finance\" target=\"_blank\" rel=\"noopener\">\u8bc1\u660e\u5176\u5728\u8de8\u5883\u652f\u4ed8\u3001\u65b0\u5174\u5e02\u573a\u50a8\u84c4\u5de5\u5177\u4ee5\u53ca\u66f4\u5e7f\u6cdb\u7684\u91d1\u878d\u53c2\u4e0e\u6e20\u9053\u7b49\u65b9\u9762\u7684\u5b9e\u7528\u6027 <\/a>\u3002<\/p>\n<p>\u5f53\u53d7\u76d1\u7ba1\u7684\u4e2d\u4ecb\u673a\u6784\u80fd\u591f\u6301\u6709\u7a33\u5b9a\u5e01\u5e76\u8fdb\u884c\u4ea4\u6613\u800c\u65e0\u9700\u627f\u62c5\u5de8\u989d\u8d44\u672c<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%bd%9a%e6%ac%be\" title=\"View all posts in \u7f5a\u6b3e\" target=\"_blank\" class=\"tag_link\">\u7f5a\u6b3e<\/a>\u65f6\uff0c\u66f4\u591a\u6b64\u7c7b\u670d\u52a1\u5c31\u53ef\u4ee5\u901a\u8fc7\u503c\u5f97\u4fe1\u8d56\u7684\u53d7\u76d1\u7ba1\u6e20\u9053\u63d0\u4f9b\uff0c\u800c\u4e0d\u662f\u901a\u8fc7\u90a3\u4e9b\u6d88\u8d39\u8005\u98ce\u9669\u66f4\u9ad8\u7684\u4e0d\u53d7\u76d1\u7ba1\u7684\u79bb\u5cb8\u5e73\u53f0\u3002<\/p>\n<p><strong><span>\u8054\u90a6\u4e0e\u5dde\u4e4b\u95f4\u7684\u6469\u64e6\u4ecd\u5728\u7ee7\u7eed<\/span><\/strong><\/p>\n<p>\u5f53\u7136\uff0c\u8fd9\u4e00\u5207\u5e76\u975e\u5b64\u7acb\u5b58\u5728\uff0c\u8054\u90a6\u653f\u5e9c\u548c\u5dde\u653f\u5e9c\u4e4b\u95f4\u4e5f\u5b58\u5728\u7740\u6469\u64e6\u3002\u300aGENIUS \u6cd5\u6848\u300b\u7684\u5b9e\u65bd\u65f6\u95f4\u8868\u975e\u5e38\u7d27\u51d1\u3002\u5404\u5dde\u76d1\u7ba1\u673a\u6784\u5fc5\u987b\u5728 2026 \u5e74 7 \u6708\u524d\u5b8c\u6210\u5176\u76d1\u7ba1\u6846\u67b6\u7684\u8ba4\u8bc1\u3002<\/p>\n<p><a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%ba%bd%e7%ba%a6\" title=\"View all posts in \u7ebd\u7ea6\" target=\"_blank\" class=\"tag_link\">\u7ebd\u7ea6<\/a>\u5dde\u603b\u68c0\u5bdf\u957f <a href=\"https:\/\/www.theblock.co\/post\/388078\/new-york-attorney-general-letitia-james-stablecoin-law-genius-consumer-protection\" target=\"_blank\" rel=\"noopener\">Letitia James<\/a> \u7b49\u4eba\u63d0\u51fa\u7684\u6d88\u8d39\u8005\u6b3a\u8bc8\u4fdd\u62a4\u95ee\u9898\u4ecd\u672a\u5f97\u5230\u89e3\u51b3\u3002\u8054\u90a6\u548c\u5dde\u76d1\u7ba1\u4e4b\u95f4\u7684\u4e92\u52a8\u5fc5\u7136\u4f1a\u4ea7\u751f\u6469\u64e6\u3002\u6b64\u5916\uff0c\u65e8\u5728\u660e\u786e\u54ea\u4e9b\u6570\u5b57\u8d44\u4ea7\u5c5e\u4e8e\u8bc1\u5238\u3001\u54ea\u4e9b\u5c5e\u4e8e\u5546\u54c1\u7684\u66f4\u5e7f\u6cdb\u7684\u5e02\u573a\u7ed3\u6784\u7acb\u6cd5\u4ecd\u5728\u53c2\u8bae\u9662\u5f85\u5ba1\u8bae\u3002<\/p>\n<p>\u56e0\u6b64 2%\u7684\u6298\u4ef7\uff0c\u65e0\u8bba\u5176\u770b\u8d77\u6765\u591a\u4e48\u5fae\u4e0d\u8db3\u9053\u6216\u6666\u6da9\u96be\u61c2\uff0c\u90fd\u4ee3\u8868\u7740\u66f4\u6df1\u5c42\u6b21\u7684\u610f\u4e49\uff1a\u8054\u90a6\u8bc1\u5238\u76d1\u7ba1\u673a\u6784\u6b63\u5728\u79ef\u6781\u8c03\u6574\u73b0\u6709\u89c4\u5219\uff0c\u4ee5\u5c06\u7a33\u5b9a\u5e01\u7eb3\u5165\u5176\u4f5c\u4e3a\u529f\u80fd\u6027\u91d1\u878d\u5de5\u5177\u7684\u8303\u7574\uff0c\u800c\u4e0d\u4ec5\u4ec5\u662f\u4f7f\u5b83\u4eec\u6210\u4e3a\u8fb9\u7f18\u6027\u7684\u5b58\u5728\u3002<\/p>\n<p>\u8fd9\u79cd\u8c03\u6574\u80fd\u5426\u8ddf<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e4%b8%8a%e5%b8%82\" title=\"View all posts in \u4e0a\u5e02\" target=\"_blank\" class=\"tag_link\">\u4e0a\u5e02<\/a>\u573a\u6b65\u4f10\uff0c\u4ee5\u53ca\u300aGENIUS \u6cd5\u6848\u300b\u7684\u5b9e\u65bd\u80fd\u5426\u5151\u73b0\u5176\u627f\u8bfa\uff0c\u8fd8\u6709\u5f85\u89c2\u5bdf\u3002\u4f46\u5728\u4ece\u76d1\u7ba1\u654c\u5bf9\u8d70\u5411\u76d1\u7ba1\u6574\u5408\u7684\u8fdb\u7a0b\u4e2d\uff0c\u6b63\u662f\u8fd9\u79cd\u6280\u672f\u6027\u7684\u3001\u5f80\u5f80\u4e0d\u4e3a\u4eba\u77e5\u7684\u5de5\u4f5c\uff0c\u51b3\u5b9a\u7740\u653f\u7b56\u80fd\u5426\u8f6c\u5316\u4e3a\u5b9e\u8df5\u3002<\/p>\n<hr\/>\n<p>Twitter\uff1a<a href=\"https:\/\/twitter.com\/BitpushNewsCN\" target=\"_self\" rel=\"noopener\">https:\/\/twitter.com\/BitpushNewsCN<\/a><\/p>\n<p>\u6bd4\u63a8 TG \u4ea4\u6d41\u7fa4\uff1a<a href=\"https:\/\/t.me\/BitPushCommunity\" target=\"_self\" rel=\"noopener\">https:\/\/t.me\/BitPushCommunity<\/a><\/p>\n<p>\u6bd4\u63a8 TG \u8ba2\u9605\uff1a <a href=\"https:\/\/t.me\/bitpush\" target=\"_self\" rel=\"noopener\">https:\/\/t.me\/bitpush<\/a><\/p>\n<p>(\u6765\u6e90:\u6bd4\u63a8)                                                             <ins               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href=\"https:\/\/www.bitpush.news\/articles\/tag\/%e5%8c%ba%e5%9d%97%e9%93%be\" rel=\"tag\">\u533a\u5757\u94fe<\/a><\/span><span><a href=\"https:\/\/www.bitpush.news\/articles\/tag\/%e6%94%bf%e7%ad%96\" rel=\"tag\">\u653f\u7b56<\/a><\/span><span><a href=\"https:\/\/www.bitpush.news\/articles\/tag\/%e7%a8%b3%e5%ae%9a%e5%b8%81\" rel=\"tag\">\u7a33\u5b9a\u5e01<\/a><\/span><span><a href=\"https:\/\/www.bitpush.news\/articles\/tag\/%e8%b4%a7%e5%b8%81\" rel=\"tag\">\u8d27\u5e01<\/a><\/span><span><a href=\"https:\/\/www.bitpush.news\/articles\/tag\/%e9%87%91%e8%9e%8d\" rel=\"tag\">\u91d1\u878d<\/a><\/span>                                <\/div>\n<div>\n<style>                                  <\/style>\n<div>\u76f8\u5173\u65b0\u95fb<\/div>\n<ul>\n<li><a rel=\"bookmark noopener\" href=\"https:\/\/www.bitpush.news\/articles\/7613394\" title=\"\u56db\u5e74\u5de8\u53d8\uff1a\u6df1\u5ea6\u62c6\u89e3Coinbase\u7684\u5546\u4e1a\u6a21\u5f0f\u8fdb\u5316\u53f2\" target=\"_blank\">\u56db\u5e74\u5de8\u53d8\uff1a\u6df1\u5ea6\u62c6\u89e3Coinbase\u7684\u5546\u4e1a\u6a21\u5f0f\u8fdb\u5316\u53f2<\/a> <span data=\"1771616881\" ><\/span><\/li>\n<li><a rel=\"bookmark noopener\" href=\"https:\/\/www.bitpush.news\/articles\/7613148\" title=\"\u52a0\u5bc6\u672a\u6b7b\uff0c\u52a0\u5bc6\u65b0\u751f\" target=\"_blank\">\u52a0\u5bc6\u672a\u6b7b\uff0c\u52a0\u5bc6\u65b0\u751f<\/a> <span data=\"1771530280\" ><\/span><\/li>\n<li><a rel=\"bookmark noopener\" href=\"https:\/\/www.bitpush.news\/articles\/7612986\" title=\"\u5e01\u5708\u548c\u534e\u5c14\u8857\uff0c\u5728\u6d77\u6e56\u5e84\u56ed\u300c\u8c0b\u5212\u300d\u4ec0\u4e48\uff1f\" target=\"_blank\">\u5e01\u5708\u548c\u534e\u5c14\u8857\uff0c\u5728\u6d77\u6e56\u5e84\u56ed\u300c\u8c0b\u5212\u300d\u4ec0\u4e48\uff1f<\/a> <span data=\"1771475239\" ><\/span><\/li>\n<li><a rel=\"bookmark noopener\" href=\"https:\/\/www.bitpush.news\/articles\/7611498\" title=\"\u52a0\u5bc6\u5e02\u573a\u7684\u201c\u6c1b\u56f4\u611f\u201d\u662f\u5982\u4f55\u6d88\u5931\u7684\uff1f\" target=\"_blank\">\u52a0\u5bc6\u5e02\u573a\u7684\u201c\u6c1b\u56f4\u611f\u201d\u662f\u5982\u4f55\u6d88\u5931\u7684\uff1f<\/a> <span data=\"1770902123\" ><\/span><\/li>\n<li><a rel=\"bookmark noopener\" href=\"https:\/\/www.bitpush.news\/articles\/7611114\" title=\"\u4ea4\u6613\u91cf\u8fde\u7834\u65b0\u9ad8\uff0cKalshi\u76d8\u524d\u80a1\u4ef7\u4e3a\u4f55\u9677\u5165\u51b0\u706b\u4e24\u91cd\u5929\uff1f\" target=\"_blank\">\u4ea4\u6613\u91cf\u8fde\u7834\u65b0\u9ad8\uff0cKalshi\u76d8\u524d\u80a1\u4ef7\u4e3a\u4f55\u9677\u5165\u51b0\u706b\u4e24\u91cd\u5929\uff1f<\/a> <span data=\"1770823256\" ><\/span><\/li>\n<\/ul><\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u4f5c\u8005\uff1aTonya M. Evans \u7f16\u8bd1\uff1aGolem \u539f\u6807\u9898\uff1a\u8d44\u4ea7\u8d1f\u503a\u8868\u4e0a\u7684\u201c\u7a33\u5b9a\u5e01\u9769\u547d\u201d\uff1aSEC\u7528\u201c2%\u6298\u6263 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":[],"categories":[327],"tags":[271,71,195,319,40,353,173,142,241,240,79,370,69,47,367,34,238,192],"views":32,"_links":{"self":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/727869"}],"collection":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=727869"}],"version-history":[{"count":0,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/727869\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=727869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=727869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=727869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}