ืžื•ืคืขืœ ืข"ื™
Regulation

ืžื™ื™ืงืœ ืกืœื™ื’ ืื•ืฉืจ ื›ื™ื•"ืจ CFTC, ืžื” ืฉืžืฆื™ื‘ ืืช ืžื‘ื ื” ืฉื•ืง ื”ืงืจื™ืคื˜ื• ื‘ื ืงื•ื“ืช ืžืคื ื” ืจื’ื•ืœื˜ื•ืจื™ืช

ื”ืกื ืื˜ ืื™ืฉืจ ืืช ืžื™ื™ืงืœ ืกืœื™ื’ ืœื”ื•ื‘ื™ืœ ืืช ื”-CFTC, ืžื” ืฉืžืฆื™ื‘ ืืช ื”ืงืจืงืข ืœื”ืจื—ื‘ืช ื”ืคื™ืงื•ื— ืขืœ ืงืจื™ืคื˜ื•, ืชื ื•ืขื” ืžื—ื•ื“ืฉืช ื‘ืจื’ื•ืœืฆื™ื” ืฉืœ ื ื›ืกื™ื ื“ื™ื’ื™ื˜ืœื™ื™ื ื•ืขื™ืฆื•ื‘ ืžื—ื“ืฉ ืฉืœ ืžื“ื™ื ื™ื•ืช ืžื‘ื ื” ื”ืฉื•ืง ื”ืืžืจื™ืงืื™ ื›ื›ืœ ืฉื”ืœื—ืฅ ืขืœ ืงื•ื•ื™ ื”ืกืžื›ื•ืช ื’ื“ืœ.

ื ื›ืชื‘ ืข"ื™
ืฉืชืฃ
ืžื™ื™ืงืœ ืกืœื™ื’ ืื•ืฉืจ ื›ื™ื•"ืจ CFTC, ืžื” ืฉืžืฆื™ื‘ ืืช ืžื‘ื ื” ืฉื•ืง ื”ืงืจื™ืคื˜ื• ื‘ื ืงื•ื“ืช ืžืคื ื” ืจื’ื•ืœื˜ื•ืจื™ืช

ื”ืฆื‘ืขืช ื”ืกื ืื˜ ืžืกืžื ืช ืฉื™ื ื•ื™ ื‘ื›ื™ื•ื•ืŸ ื”ืจื’ื•ืœืฆื™ื” ืขืœ ืงืจื™ืคื˜ื•

ืฉื™ื ื•ื™ ื‘ื”ื ื”ื’ื” ื‘ืจื’ื•ืœื˜ื•ืจ ืฉื•ืงื™ ืžืจื›ื–ื™ ื‘ืืจื”โ€ื‘ ืžืกืžืŸ ืจื’ืข ืžืฉืžืขื•ืชื™ ืœืžื“ื™ื ื™ื•ืช ื ื›ืกื™ื ื“ื™ื’ื™ื˜ืœื™ื™ื. ื”ืกื ืื˜ ื”ืืžืจื™ืงืื™ ืื™ืฉืจ ืืช ืžื™ื™ืงืœ ืกืœื™ื’ ื‘-18 ื‘ื“ืฆืžื‘ืจ ื›ื™ื•โ€ืจ ื”-15 ืฉืœ ื•ืขื“ืช ื”ืžืกื—ืจ ื‘ื—ื•ื–ื™ื ืขืชื™ื“ื™ื™ื ืขืœ ืกื—ื•ืจื•ืช (CFTC), ื“ื‘ืจ ืฉืžืฆื™ื‘ ืืช ื”ืกื•ื›ื ื•ืช ืœืคื™ืงื•ื— ืžื•ืจื—ื‘ ืขืœ ืงืจื™ืคื˜ื•.

ืชื’ื•ื‘ื•ืช ื‘ื’ื‘ืขืช ื”ืงืคื™ื˜ื•ืœ ื”ืจืื• ื‘ืžื”ื™ืจื•ืช ืฆื™ืคื™ื•ืช ืœืฉื™ืชื•ืฃ ืคืขื•ืœื” ื‘ืžื“ื™ื ื™ื•ืช ื ื›ืกื™ื ื“ื™ื’ื™ื˜ืœื™ื™ื. ื•ืขื“ืช ื”ืฉื™ืจื•ืชื™ื ื”ืคื™ื ื ืกื™ื™ื ืฉืœ ื”ื‘ื™ืช, ืฉืœื” ืชืคืงื™ื“ ืžืจื›ื–ื™ ื‘ื—ืงื™ืงื” ืขืœ ืžื‘ื ื” ื”ืฉื•ืง, ืฉื™ืชืคื” ื‘ืจืฉืช ื”ื—ื‘ืจืชื™ืช X: โ€œื‘ืจื›ื•ืช ืœืžื™ื™ืง ืกืœื™ื’ ืขืœ ืื™ืฉื•ืจื• ื›ื™ื•โ€ืจ ื”-CFTC. ื”-CFTC ื”ื•ื ืฉื•ืชืฃ ื—ืฉื•ื‘ ื‘ืฉื•ื•ืงื™ื ื”ืคื™ื ื ืกื™ื™ื ืฉืœื ื•.โ€ ื”ื”ื•ื“ืขื” ืžื•ืกื™ืคื”:

ื‘ื”ืชื‘ืกืก ืขืœ ืขื‘ื•ื“ืช ื”ื‘ื™ืช, ื”ื•ื•ืขื“ื” ืžืฆืคื” ืœืขื‘ื•ื“ ืื™ืชื• ื•ืขื ื”-SEC ืœื”ืฉื’ืช ื‘ื”ื™ืจื•ืช ืจื’ื•ืœื˜ื•ืจื™ืช ืœื ื›ืกื™ื ื“ื™ื’ื™ื˜ืœื™ื™ื ืฉื›ื‘ืจ ืžื–ืžืŸ ื ื—ื•ืฆื” ื•ืœื˜ืคืœ ื‘ื ื•ืฉืื™ื ืžืจื›ื–ื™ื™ื ืื—ืจื™ื.

ื”ื”ื•ื“ืขื” ื”ื“ื’ื™ืฉื” ืืช ื”ืœื—ืฅ ื”ื‘ื™ืคืจืงื™ื–ื ื™ ืœืคืชื•ืจ ืืช ืื™ ื”ื•ื•ื“ืื•ืช ื”ืกืžื›ื•ืชื™ืช ืฉืกื™ื‘ื›ื” ืืช ื”ืคื™ืงื•ื— ืขืœ ืฉื•ืง ื”ืงืจื™ืคื˜ื•.

ื”ืื™ืฉื•ืจ ื”ืชืงื‘ืœ ืœืื—ืจ ื”ืฆื‘ืขื” ืฆืžื•ื“ื” ืฉืœ 53โ€“43 ื•ืžืขื ื™ืง ืœืกืœื™ื’ ื›ื”ื•ื ื” ืขื“ ืืคืจื™ืœ 2029. ื”ื’ืขืชื• ืžืชืจื—ืฉืช ืœืื—ืจ ืชืงื•ืคื” ื‘ื™ื ื™ื™ื ืžืžื•ืฉื›ืช ืžืื– ืขื–ื™ื‘ืชื• ืฉืœ ืจื•ืกื˜ื™ืŸ ื‘ื ื”ื ื‘ื™ื ื•ืืจ, ื‘ืžื”ืœื›ื” ื ืฆื™ื‘ื” ืงืจื•ืœื™ื™ืŸ ืคืื ื‘ื™ืฆืขื” ืชืคืงื™ื“ื™ ืžืžืœืืช ืžืงื•ื ื™ื•โ€ืจ ื‘ืจื•ื‘ ืฉื ืช 2025. ืขื–ื™ื‘ืชื” ืฉืœ ืคืื ืžืชืœื•ื•ื™ื ืœืžืขื‘ืจ ืœืžื’ื–ืจ ื”ืคืจื˜ื™, ืฉื ื”ื™ื ืžืฆื˜ืจืคืช ืœื—ื‘ืจืช ื”ืงืจื™ืคื˜ื• Moonpay ื›ืงืฆื™ื ืช ืžืฉืคื˜ื™ื ืจืืฉื™ืช.

ืงืจืื• ืขื•ื“: ื”-SEC ืžืคืจืกื ืฉืืœื•ืช ื ืคื•ืฆื•ืช ืขืœ ืงืจื™ืคื˜ื• ื”ืžื‘ื”ื™ืจื•ืช ืืช ื”ื›ืœืœื™ื ืœืžืกื—ืจ, ืžืฉืžื•ืจืช ื•ืชืฉืชื™ืช ืฉื•ืง

ื›ืฉื ื›ื ืก ืœืชืคืงื™ื“ื•, ืกืœื™ื’ ืžืชืžื•ื“ื“ ืขื ืืชื’ืจื™ื ืžื‘ื ื™ื™ื ื•ืืกื˜ืจื˜ื’ื™ื™ื. ื”ืจืงืข ืฉืœื• ื›ื™ื•ืขืฅ ืžืฉืคื˜ื™ ืจืืฉื™ ืœืฉืขื‘ืจ ื‘ื›ื•ื— ื”ืžืฉื™ืžื” ืœืงืจื™ืคื˜ื• ืฉืœ ืจืฉื•ืช ื ื™ื™ืจื•ืช ืขืจืš ื”ืืžืจื™ืงืื™ืช (SEC) ื•ื›ืฉื•ืชืฃ ื‘-Willkie Farr & Gallagher ืขื™ืฆื‘ ืฆื™ืคื™ื•ืช ืœืจื’ื•ืœื˜ื•ืจ ืคืจื’ืžื˜ื™ ื•ืžื•ื“ืข ืœืชืขืฉื™ื™ื”.

ื‘ืžื”ืœืš ืชื”ืœื™ืš ืื™ืฉื•ืจื•, ื”ื•ื ืชื™ืืจ ืชืžื™ื›ื” ื‘ื›ืœืœื™ื ืžื‘ื•ืกืกื™ ืขืงืจื•ื ื•ืช ื•ืžื™ื ื™ืžื•ื ืžื™ื ื•ืŸ ืืคืงื˜ื™ื‘ื™ ืฉืœ ืจื’ื•ืœืฆื™ื”, ืชื•ืš ื”ื“ื’ืฉืช ืื›ื™ืคื” ื›ื ื’ื“ ื”ื•ื ืื” ื•ืžื ื™ืคื•ืœืฆื™ื” ืขืœ ืคื ื™ ื”ืคืจื•ืช ื˜ื›ื ื™ื•ืช ื–ื ื™ื—ื•ืช. ืขื“ื™ืคื•ื™ื•ืช ืืœื• ืชื•ืืžื•ืช ืืช ืžืืžืฆื™ ื”ืงื•ื ื’ืจืก ื›ืžื• ื”ืฆืขืช ื—ื•ืง CLARITY, ืฉืชืจื—ื™ื‘ ืืช ืกืžื›ื•ืช ื”-CFTC ืœืฉื•ื•ืงื™ ืงืจื™ืคื˜ื• ื•ืชืขืœื” ืืช ืชืคืงื™ื“ื• ื‘ื™ื—ืก ืœ-SEC. ื‘ืชื•ืš ื”ืกื•ื›ื ื•ืช, ื™ืฉ ื—ื•ืกืจ ื‘ื›ื•ื— ืื“ื ืœืื—ืจ ืžืกืคืจ ื”ืชืคื˜ืจื•ื™ื•ืช ืžื•ืงื“ื ื™ื•ืชืจ ื”ืฉื ื”, ื“ื‘ืจ ืฉืงื™ื™ื ืกื™ื›ื•ื™ ืฉืกืœื™ื’ ื™ื™ืฉืืจ ื”ื ืฆื™ื‘ ื”ืžืื•ืฉืจ ื”ื™ื—ื™ื“ ื‘ื˜ื•ื•ื— ื”ืงืจื•ื‘. ื‘ื ื™ื™ืช ืžื—ื“ืฉ ืฉืœ ืคืื ืœ ื”ื—ืžื™ืฉื” ื—ื‘ืจื™ื, ื”ืฉื‘ืช ื”ืงื•ื•ืจื•ื ื•ื”ื›ื•ื•ื ื” ืœื™ื–ืžืช ื—ืงื™ืงืช โ€œCrypto Sprintโ€ ื”ืขืชื™ื“ื™ืช ื™ื’ื“ื™ืจื• ืืช ื”ืฉืœื‘ ื”ืžื•ืงื“ื ืฉืœ ื›ื”ื•ื ืชื• ื•ื™ืฉืคื™ืขื• ืขืœ ื”ื“ืจืš ืฉื‘ื” ืฉื•ื•ืงื™ ื”ื ื›ืกื™ื ื”ื“ื™ื’ื™ื˜ืœื™ื™ื ื‘ืืจื”โ€ื‘ ื™ืชืคืชื—ื• ืชื—ืช ืคื™ืงื•ื— ืคื“ืจืœื™.

ืฉืืœื•ืช ื ืคื•ืฆื•ืช โฐ

  • ืžื™ ื”ื™ื•โ€ืจ ื”ื—ื“ืฉ ืฉืœ ื”-CFTC?
    ืžื™ื™ืงืœ ืกืœื™ื’ ืื•ืฉืจ ืขืœ ื™ื“ื™ ื”ืกื ืื˜ ื”ืืžืจื™ืงืื™ ื›ื™ื•โ€ืจ ื”-15 ืฉืœ ื•ืขื“ืช ื”ืžืกื—ืจ ื‘ื—ื•ื–ื™ื ืขืชื™ื“ื™ื™ื ืขืœ ืกื—ื•ืจื•ืช.
  • ืžื“ื•ืข ื”ืื™ืฉื•ืจ ืฉืœ ืžื™ื™ืงืœ ืกืœื™ื’ ื—ืฉื•ื‘ ืœืงืจื™ืคื˜ื•?
    ื”ื”ื ื”ื’ื” ืฉืœื• ืฆืคื•ื™ื” ืœื”ืจื—ื™ื‘ ืืช ื”ืคื™ืงื•ื— ืฉืœ ื”-CFTC ืขืœ ื ื›ืกื™ื ื“ื™ื’ื™ื˜ืœื™ื™ื ื•ืœืขืฆื‘ ืืช ื”ืจื’ื•ืœืฆื™ื” ื”ืขืชื™ื“ื™ืช ืฉืœ ืฉื•ืง ื”ืงืจื™ืคื˜ื•.
  • ืื™ืš ื—ื•ืง CLARITY ืžืชื™ื™ื—ืก ืœ-CFTC?
    ื”ืฆืขืช ื—ื•ืง CLARITY ืชืขื ื™ืง ืœ-CFTC ืกืžื›ื•ืช ืขืœ ืฉื•ื•ืงื™ ืงืจื™ืคื˜ื• ื•ืชื’ื“ื™ืจ ืžื—ื“ืฉ ืืช ืชืคืงื™ื“ื• ืžื•ืœ ื”-SEC.
  • ืื™ื–ื” ืืชื’ืจื™ื ืขื•ืžื“ื™ื ื‘ืคื ื™ ื”-CFTC ืชื—ืช ื”ื ื”ื’ืช ืกืœื™ื’?
    ื”ืกื•ื›ื ื•ืช ื—ืกืจืช ื›ื•ื— ืื“ื ื•ืฆืจื™ื›ื” ืœื‘ื ื•ืช ืžื—ื“ืฉ ืืช ื”ื ืฆื™ื‘ื•ืช ืฉืœื” ืชื•ืš ืงื™ื“ื•ื ื™ื–ืžื•ืช ื—ืงื™ืงืช ืงืจื™ืคื˜ื•.

ืžืืžืจ ื–ื” ืชื•ืจื’ื ืžืื ื’ืœื™ืช ื‘ืืžืฆืขื•ืช ื‘ื™ื ื” ืžืœืื›ื•ืชื™ืช. ื”ื’ืจืกื” ื”ืžืงื•ืจื™ืช ื‘ืื ื’ืœื™ืช ื”ื™ื ื”ืžืงื•ืจ ื”ืงื•ื‘ืข; ืชืจื’ื•ืžื™ื ืื•ื˜ื•ืžื˜ื™ื™ื ืขืฉื•ื™ื™ื ืœื”ื›ื™ืœ ืื™-ื“ื™ื•ืงื™ื, ื‘ืžื™ื•ื—ื“ ื‘ืžื•ื ื—ื™ื ืžืฉืคื˜ื™ื™ื ื•ืจื’ื•ืœื˜ื•ืจื™ื™ื.

ืชื’ื™ื•ืช ื‘ื›ืชื‘ื” ื–ื•