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[虚拟币资讯] 总统令见效 美国加密资产监管迈入新阶段
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事件:5月19日,美国商务部国际贸易管理中心发布《发展加密资产技术竞争力框架》征求意见稿。

回应年初总统令。这份文件是对年初拜登签署的《关于确保负责任地发展数字资产的行政命令》的回应,列出了17个问题,涉及美国本土加密企业的竞争力、加密资产相较于“传统”金融的优劣和技术进度等多个议题。

总统令全面而具体,美国加密资产监管进入统筹监管新纪元。加密资产在美国已经受到系统监管,呈现出“多头监管,按需联合”“更重视稳定币与交易所等区块链入口,而非DeFi与NFT等链上业态”等取向。

  • 多头监管,按需联合。其中,国会多次召开听证会,证监会(SEC)监管具有证券属性的加密资产,商品期货交易委员会(CFTC)监管衍生品,金融犯罪执法局(FinCEN)负责反洗钱(AML)和恐怖主义融资(CFT),货币监理署(OCC)负责与国家银行业务相关的监管。多部门常按需联合发布相关公告。例如,2021年11月,美联储、联邦存款保险公司和货币监理署共同发布了“加密冲刺”政策备忘录,提出了对加密资产监管的待办事项。

  • 多领域出现处罚案例。不同于社会公众“加密资产不受监管”的认知,根据区块链合规咨询公司Elliptic的统计,截至2019年6月21日,美国监管机构已对机构和个人在加密资产方面的违法违规行为处以25亿美元的罚款,这包括证监会(SEC,16.9 亿美元)、商品期货交易委员会(CFTC,6.24 亿美元)、财政部金融犯罪执法局(FinCEN,1.83 亿美元)和美国财政部外国资产控制办公室(OFAC,60.6 万美元)的罚款。其中,大部分罚款与未注册证券发行(13.8 亿美元)、欺诈(9.28 亿美元)和反洗钱(AML)违规(1.83 亿美元)有关,罚款可分为民事罚款(7.22 亿美元)、非法所得(16.2 亿美元)和赔偿(1.61 亿美元)。

  • 总统令下发,终结“各自为政”。3月9日,美国总统拜登正式签署行政令,从政策、目标、美政府机构间协调、保护消费者投资者和企业的措施、促进金融稳定、降低系统性风险、限制非法金融、促进国际合作和美国竞争力等多个方面详解美国数字资产监管行动框架,并要求各部门在行政令下发后的特定时段内提交研究或评估报告等文件。我们认为,总统令的下发终止了此前美国加密资产监管“各自为政”的状态,反映出美国对加密资产行业的空前重视。

不止加密资产,“确保Web3革命发生在美国”。如果说Web1的关键特征是“只读”,Web2是“可编辑”,Web3则是“可拥有”,我们认为,Web3能让用户在元宇宙更畅通无阻、自由迁徙。在2021年12月8日美国国会召开的听证会上,共和党众议员Patrick McHenry提出问题“我们如何确保Web3革命发生在美国?”尽管美国尚未出台针对性的监管举措,但该议员的观点在某种程度上代表了美国对Web3等加密资产与元宇宙创新的态度:在监管边界内,不错过任何一次革命性的创新。

投资建议:建议关注:1)基础技术平台:Meta、Nvidia、Roblox、Unity、微软;2)内容、游戏、IP服务商:腾讯、网易、视觉中国、天下秀、恒信东方等;3)VR/AR及IT设备厂商:歌尔股份、新易盛、国光电器等。

风险提示:区块链技术落地遇阻;监管趋严。

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:) :( :D :'( :@ :o
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:loveliness: :funk: :curse: :dizzy: :shutup: :sleepy:
:hug: :victory: :time: :kiss: :handshake: :call:
:) :( :D :'( :@ :o
:P :$ ;P :L :Q :lol
:loveliness: :funk: :curse: :dizzy: :shutup: :sleepy:
:hug: :victory: :time: :kiss: :handshake: :call:
:hug: :victory:
:) :( :D :'( :@ :o
:P :$ ;P :L :Q :lol
:loveliness: :funk: :curse: :dizzy: :shutup: :sleepy:
:hug: :victory: :time: :kiss: :handshake: :call:
:hug: :victory: :time: :kiss: :handshake: :call:
:hug: :victory: :time: :kiss: :handshake: :call:
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