{"id":177329,"date":"2025-12-09T03:26:15","date_gmt":"2025-12-09T03:26:15","guid":{"rendered":"https:\/\/ktromedia.com\/?p=177329"},"modified":"2025-12-09T03:26:15","modified_gmt":"2025-12-09T03:26:15","slug":"%e7%be%8e%e5%9b%bd%e5%95%86%e5%93%81%e6%9c%9f%e8%b4%a7%e4%ba%a4%e6%98%93%e5%a7%94%e5%91%98%e4%bc%9a-cftc-%e6%9b%b4%e6%96%b0%e8%a7%84%e5%88%99%e4%bb%a5%e5%90%af%e5%8a%a8%e5%8a%a0%e5%af%86%e8%b4%a7","status":"publish","type":"post","link":"https:\/\/ktromedia.com\/?p=177329","title":{"rendered":"\u7f8e\u56fd\u5546\u54c1\u671f\u8d27\u4ea4\u6613\u59d4\u5458\u4f1a (CFTC) \u66f4\u65b0\u89c4\u5219\u4ee5\u542f\u52a8\u52a0\u5bc6\u8d27\u5e01\u62b5\u62bc\u54c1\u8bd5\u70b9\u8ba1\u5212"},"content":{"rendered":"<div data-v-ae253174=\"\">\n<p>\u7f8e\u56fd\u5546\u54c1\u671f\u8d27\u4ea4\u6613\u59d4\u5458\u4f1a\u53d1\u5e03\u4e86\u884d\u751f\u54c1\u5e02\u573a\u4e2d\u4ee3\u5e01\u5316\u62b5\u62bc\u54c1\u7684\u6700\u65b0\u6307\u5357\uff0c\u4e3a\u6d4b\u8bd5\u5982\u4f55\u5c06\u52a0\u5bc6\u8d27\u5e01\u7528\u4f5c\u884d\u751f\u54c1\u5e02\u573a\u62b5\u62bc\u54c1\u7684\u8bd5\u70b9\u8ba1\u5212\u94fa\u5e73\u4e86\u9053\u8def\u3002<\/p>\n<p data-ct-non-breakable=\"undefined\">\u884d\u751f\u54c1\u5e02\u573a\u4e2d\u7684\u62b5\u62bc\u54c1\u5145\u5f53\u4fdd\u8bc1\u91d1\uff0c\u4f5c\u4e3a\u786e\u4fdd\u4ea4\u6613\u8005\u80fd\u591f\u5f25\u8865\u4efb\u4f55\u6f5c\u5728\u635f\u5931\u7684\u4fdd\u8bc1\u3002 <\/p>\n<p>\u6570\u5b57\u8d44\u4ea7\u8bd5\u70b9\uff0c <a href=\"https:\/\/www.cftc.gov\/PressRoom\/PressReleases\/9146-25\" rel=\"noopener nofollow\" target=\"_blank\">\u5ba3\u5e03<\/a> CFTC \u4ee3\u7406\u4e3b\u5e2d Caroline Pham \u5468\u4e00\u8868\u793a\uff0c\u5c06\u5141\u8bb8\u671f\u8d27\u4f63\u91d1\u5546 (FCM)\u2014\u2014\u4e00\u5bb6\u53ef\u4ee5 <a href=\"https:\/\/www.investopedia.com\/terms\/f\/fcm.asp\" rel=\"noopener nofollow\" target=\"_blank\">\u4fc3\u8fdb<\/a> \u4e3a\u5ba2\u6237\u8fdb\u884c\u671f\u8d27\u4ea4\u6613\u2014\u2014\u63a5\u53d7\u6bd4\u7279\u5e01\uff08<a href=\"https:\/\/cointelegraph.com\/bitcoin-price\">\u6bd4\u7279\u5e01<\/a>), \u4ee5\u592a (<a href=\"https:\/\/cointelegraph.com\/ethereum-price\">\u4ee5\u592a\u574a<\/a>\uff09\u548c Circle \u7684\u7a33\u5b9a\u5e01 USDC\uff08<a href=\"https:\/\/cointelegraph.com\/usdc-price-index\">\u7f8e\u56fd\u519c\u4e1a\u90e8<\/a>) \u4f5c\u4e3a\u4fdd\u8bc1\u91d1\u62b5\u62bc\u54c1\u3002<\/p>\n<p>CFTC \u8bd5\u70b9\u53c8\u5411\u524d\u8fc8\u51fa\u4e86\u4e00\u6b65 <a href=\"https:\/\/cointelegraph.com\/news\/stablecoins-collateral-us-derivatives-markets-cftc\" rel=\"\" target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/stablecoins-collateral-us-derivatives-markets-cftc\">\u5c06\u52a0\u5bc6\u8d27\u5e01\u7eb3\u5165\u53d7\u76d1\u7ba1\u7684\u5e02\u573a<\/a>\u548c Circle \u9996\u5e2d\u6267\u884c\u5b98\u5e0c\u601d\u00b7\u5854\u4f2f\u7279 (Heath Tarbert) <a href=\"https:\/\/x.com\/CarolineDPham\/status\/1998152044432011491\" rel=\"noopener nofollow\" target=\"_blank\">\u8bf4<\/a> \u5b83\u8fd8\u5c06\u4fdd\u62a4\u5ba2\u6237\u3001\u51cf\u5c11\u7ed3\u7b97\u6469\u64e6\u5e76\u5e2e\u52a9\u964d\u4f4e\u98ce\u9669\u3002 <\/p>\n<p data-ct-non-breakable=\"undefined\">\u8303\u5728\u4e00\u4efd\u58f0\u660e\u4e2d\u8868\u793a\uff0c\u8be5\u8bd5\u70b9\u8ba1\u5212\u8fd8\u201c\u5efa\u7acb\u4e86\u660e\u786e\u7684\u62a4\u680f\u6765\u4fdd\u62a4\u5ba2\u6237\u8d44\u4ea7\uff0c\u5e76\u63d0\u4f9b\u589e\u5f3a\u7684 CFTC \u76d1\u63a7\u548c\u62a5\u544a\u3002\u201d<\/p>\n<p>\u4f5c\u4e3a\u8bd5\u70b9\u7684\u4e00\u90e8\u5206\uff0c\u53c2\u4e0e\u7684 FCM \u5c06\u53d7\u5230\u4e25\u683c\u7684\u62a5\u544a\u6807\u51c6\u7684\u7ea6\u675f\uff0c\u8be5\u6807\u51c6\u8981\u6c42\u6bcf\u5468\u62a5\u544a\u5ba2\u6237\u603b\u6301\u6709\u91cf\u4ee5\u53ca\u53ef\u80fd\u5f71\u54cd FCM \u7684\u4efb\u4f55\u91cd\u5927\u95ee\u9898\u3002 <a href=\"https:\/\/cointelegraph.com\/learn\/articles\/what-is-a-cryptocurrency-a-beginners-guide-to-digital-money\" rel=\"\" target=\"_self\" title=\"https:\/\/cointelegraph.com\/learn\/articles\/what-is-a-cryptocurrency-a-beginners-guide-to-digital-money\">\u4f7f\u7528\u52a0\u5bc6\u8d27\u5e01\u4f5c\u4e3a\u62b5\u62bc\u54c1<\/a>\u3002 <\/p>\n<figure>    <figcaption style=\"text-align: center;\"><em>\u6765\u6e90\uff1a <\/em><a href=\"https:\/\/x.com\/CarolineDPham\/status\/1998147216566059252\" rel=\"nofollow\" target=\"https:\/\/x.com\/CarolineDPham\/status\/1998147216566059252\" title=\"https:\/\/x.com\/CarolineDPham\/status\/1998147216566059252\"><em>\u8303\u5361\u7f57\u7433<\/em><\/a><\/figcaption><\/figure>\n<h2>\u66f4\u65b0\u4e86 CFTC \u5bf9\u4ee3\u5e01\u5316\u8d44\u4ea7\u7684\u6307\u5357<\/h2>\n<p>CFTC \u7684\u5e02\u573a\u53c2\u4e0e\u8005\u90e8\u95e8\u3001\u5e02\u573a\u76d1\u7763\u90e8\u95e8\u4ee5\u53ca\u6e05\u7b97\u548c\u98ce\u9669\u90e8\u95e8\u8fd8\u53d1\u5e03\u4e86\u5173\u4e8e\u4f7f\u7528 <a href=\"https:\/\/cointelegraph.com\/explained\/tokenization-explained\" rel=\"\" target=\"_self\" title=\"https:\/\/cointelegraph.com\/explained\/tokenization-explained\">\u4ee3\u5e01\u5316\u8d44\u4ea7\u4f5c\u4e3a\u62b5\u62bc\u54c1<\/a> \u5728\u671f\u8d27\u548c\u6389\u671f\u4ea4\u6613\u4e2d\u3002<\/p>\n<p>\u8be5\u6307\u5357\u6db5\u76d6\u4e86\u73b0\u5b9e\u4e16\u754c\u7684\u4ee3\u5e01\u5316\u8d44\u4ea7\uff0c\u5305\u62ec\u7f8e\u56fd\u8d22\u653f\u90e8\u7684\u8d27\u5e01\u5e02\u573a\u57fa\u91d1\uff0c\u4ee5\u53ca\u5408\u683c\u7684\u4ee3\u5e01\u5316\u8d44\u4ea7\u3001\u6cd5\u5f8b\u53ef\u6267\u884c\u6027\u3001\u9694\u79bb\u548c\u63a7\u5236\u5b89\u6392\u7b49\u4e3b\u9898\u3002<\/p>\n<p data-ct-non-breakable=\"undefined\">\u8303 <a href=\"https:\/\/x.com\/CarolineDPham\/status\/1998151208653996508\" rel=\"noopener nofollow\" target=\"_blank\">\u8bf4<\/a> \u5728\u5468\u4e00\u7684\u4e00\u7bc7 X \u5e16\u5b50\u4e2d\uff0c\u201c\u8be5\u6307\u5357\u63d0\u4f9b\u4e86\u76d1\u7ba1\u6e05\u6670\u5ea6\uff0c\u5e76\u4e3a\u4ea4\u6613\u6240\u548c\u7ecf\u7eaa\u5546\u9664\u4e86\u7f8e\u56fd\u56fd\u503a\u548c\u8d27\u5e01\u5e02\u573a\u57fa\u91d1\u4e4b\u5916\u6dfb\u52a0\u66f4\u591a\u6570\u5b57\u8d44\u4ea7\u4f5c\u4e3a\u62b5\u62bc\u54c1\u6253\u5f00\u4e86\u5927\u95e8\u3002\u201d<\/p>\n<p><template data-ct-widget=\"buzzsprout\" data-buzzsprout-podcast-id=\"2040516\" data-buzzsprout-episode-id=\"18304599\"\/><\/p>\n<p>\u5e02\u573a\u53c2\u4e0e\u8005\u90e8\u95e8\u8fd8\u5c31\u4f7f\u7528\u652f\u4ed8\u7a33\u5b9a\u5e01\u4f5c\u4e3a\u5ba2\u6237\u4fdd\u8bc1\u91d1\u62b5\u62bc\u54c1\u4ee5\u53ca\u6301\u6709\u67d0\u4e9b\u7279\u5b9a\u8d44\u4ea7\u7684\u5177\u4f53\u8981\u6c42\u53d1\u5e03\u4e86\u201c\u4e0d\u91c7\u53d6\u884c\u52a8\u7acb\u573a\u201d\u3002 <a href=\"https:\/\/cointelegraph.com\/news\/tradfi-banks-advancing-new-stablecoin-models\" rel=\"\" target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/tradfi-banks-advancing-new-stablecoin-models\">\u4e13\u6709\u652f\u4ed8\u7a33\u5b9a\u5e01<\/a> \u5728\u9694\u79bb\u7684\u5ba2\u6237\u5e10\u6237\u4e2d\u3002<\/p>\n<p data-ct-non-breakable=\"undefined\">CFTC \u5458\u5de5\u5efa\u8bae\u9650\u5236\u4e86 FCM \u63a5\u53d7\u52a0\u5bc6\u8d27\u5e01\u4f5c\u4e3a\u5ba2\u6237\u62b5\u62bc\u54c1\u7684\u80fd\u529b\uff0c\u5458\u5de5\u5efa\u8bae <a href=\"https:\/\/www.cftc.gov\/csl\/20-34\/download\" rel=\"noopener nofollow\" target=\"_blank\">20-34\u65e5<\/a>\uff0c\u4e5f\u88ab\u64a4\u56de\uff0c\u56e0\u4e3a\u5b83\u201c\u8fc7\u65f6\u4e14\u4e0d\u518d\u76f8\u5173\u201d\uff0c\u90e8\u5206\u539f\u56e0\u662f\u5929\u624d\u6cd5\u6848\u3002<\/p>\n<h2>\u52a0\u5bc6\u8d27\u5e01\u9ad8\u7ba1\u652f\u6301 CFTC \u4e3e\u63aa<\/h2>\n<p>\u51e0\u4f4d\u52a0\u5bc6\u8d27\u5e01\u9ad8\u7ba1\u5bf9 CFTC \u7684\u4e3e\u52a8\u8868\u793a\u8d5e\u8d4f\u3002<\/p>\n<p data-ct-non-breakable=\"undefined\">\u533a\u5757\u94fe\u516c\u53f8 StarkWare \u7684\u603b\u6cd5\u5f8b\u987e\u95ee\u51ef\u745f\u7433\u00b7\u67ef\u514b\u5e15\u7279\u91cc\u514b\u00b7\u535a\u65af (Katherine Kirkpatrick Bos) <a href=\"https:\/\/x.com\/kkirkbos\/status\/1998163104623120606\" rel=\"noopener nofollow\" target=\"_blank\">\u8bf4<\/a> \u201c\u884d\u751f\u54c1\u5e02\u573a\u4e2d\u4ee3\u5e01\u5316\u62b5\u62bc\u54c1\u7684\u4f7f\u7528\u975e\u5e38\u5e7f\u6cdb\u3002\u201d<\/p>\n<p data-ct-non-breakable=\"undefined\"><em><strong>\u6709\u5173\u7684\uff1a <\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/news\/cftc-acting-chair-fud-crypto-enforcement\"><em><strong>\u7f8e\u56fd\u76d1\u7ba1\u673a\u6784\u9a73\u56de SEC-CFTC \u5408\u5e76\u4f20\u95fb\uff0c\u91c7\u53d6\u884c\u52a8\u6d88\u9664\u52a0\u5bc6\u8d27\u5e01\u201cFUD\u201d<\/strong><\/em><\/a><\/p>\n<p data-ct-non-breakable=\"undefined\">\u201c\u539f\u5b50\u7ed3\u7b97\u3001\u900f\u660e\u5ea6\u3001\u81ea\u52a8\u5316\u3001\u8d44\u672c\u6548\u7387\u3001\u8282\u7701\u3002\u611f\u89c9\u5f88\u7a81\u7136\uff0c\u4f46\u8c01\u8fd8\u8bb0\u5f972\/24\u7684\u4ee3\u5e01\u5316\u5cf0\u4f1a\uff0c\u9ed1\u6697\u4e2d\u7684\u4e00\u7ebf\u5e0c\u671b\uff0c\u201d\u5979\u8bf4\u3002<\/p>\n<p>Coinbase \u9996\u5e2d\u6cd5\u5f8b\u5b98 Paul Grewal \u4e5f\u652f\u6301\u8fd9\u4e00\u884c\u52a8\uff0c <a href=\"https:\/\/x.com\/iampaulgrewal\/status\/1998148714779828315?s=46&amp;t=MuRujqZUAz3TQE1vmr3c6A\" rel=\"noopener nofollow\" target=\"_blank\">\u547c\u53eb<\/a> \u5458\u5de5\u54a8\u8be2 20-34 \u201c\u521b\u65b0\u7684\u5177\u4f53\u4e0a\u9650\u201d\u3002<\/p>\n<p data-ct-non-breakable=\"undefined\">\u201c\u5b83\u4f9d\u8d56\u4e8e\u8fc7\u65f6\u7684\u4fe1\u606f\uff0c\u8fdc\u8fdc\u8d85\u51fa\u4e86\u76d1\u7ba1\u8303\u56f4\uff0c\u5e76\u4e14\u632b\u8d25\u4e86 PWG \u7684\u76ee\u6807\u3002\u201d<\/p>\n<figure>    <img decoding=\"async\" src=\"https:\/\/ktromedia.com\/wp-content\/uploads\/2025\/12\/1765250774_447_\u7f8e\u56fd\u5546\u54c1\u671f\u8d27\u4ea4\u6613\u59d4\u5458\u4f1a-CFTC-\u66f4\u65b0\u89c4\u5219\u4ee5\u542f\u52a8\u52a0\u5bc6\u8d27\u5e01\u62b5\u62bc\u54c1\u8bd5\u70b9\u8ba1\u5212.webp\" title=\"\"\/><figcaption style=\"text-align: center;\"><em>\u6765\u6e90\uff1a <\/em><a href=\"https:\/\/x.com\/iampaulgrewal\/status\/1998148714779828315?s=46&amp;t=MuRujqZUAz3TQE1vmr3c6A\" rel=\"nofollow\" target=\"https:\/\/x.com\/iampaulgrewal\/status\/1998148714779828315?s=46&amp;t=MuRujqZUAz3TQE1vmr3c6A\" title=\"https:\/\/x.com\/iampaulgrewal\/status\/1998148714779828315?s=46&amp;t=MuRujqZUAz3TQE1vmr3c6A\"><em>\u4fdd\u7f57\u00b7\u683c\u96f7\u6c83\u5c14 <\/em><\/a><\/figcaption><\/figure>\n<p>Salman Banaei\uff0c\u603b\u6cd5\u5f8b\u987e\u95ee <a href=\"https:\/\/cointelegraph.com\/news\/plume-network-sec-transfer-agent\" rel=\"\" target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/plume-network-sec-transfer-agent\">Layer-1 \u533a\u5757\u94fe Plume<\/a> \u7f51\u7edc\uff0c <a href=\"https:\/\/x.com\/banamlas\/status\/1998146816378876260\" rel=\"noopener nofollow\" target=\"_blank\">\u8bf4<\/a> \u8fd9\u662f CFTC \u7684\u201c\u91cd\u5927\u4e3e\u63aa\u201d\uff0c\u4e5f\u662f\u63a8\u52a8\u66f4\u5e7f\u6cdb\u91c7\u7528\u7684\u53c8\u4e00\u4e3e\u63aa\u3002<\/p>\n<p data-ct-non-breakable=\"undefined\">\u201c\u8fd9\u662f\u671d\u7740\u4f7f\u7528\u94fe\u4e0a\u57fa\u7840\u8bbe\u65bd\u81ea\u52a8\u5316\u7ed3\u7b97\u4e16\u754c\u4e0a\u6700\u5927\u7684\u8d44\u4ea7\u7c7b\u522b\u8fc8\u51fa\u7684\u4e00\u6b65\uff1a\u573a\u5916\u884d\u751f\u54c1\u3001\u6389\u671f\uff0c\u201d\u4ed6\u8865\u5145\u9053\u3002<\/p>\n<p data-ct-non-breakable=\"undefined\"><em><strong>\u6742\u5fd7\uff1a <\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/magazine\/xrp-price-rally-kalshi-solana-tether-coinshares-hodlers-digest\/\"><em><strong>XRP \u7684\u201c\u673a\u4e0d\u53ef\u5931\u201d\u65f6\u523b\uff0cKalshi \u5229\u7528 Solana\uff1aHodler \u6587\u6458\uff0c11 \u6708 30 \u65e5\u81f3 12 \u6708 6 \u65e5<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\" label=\"Subscription Form: Crypto Biz Newsletter\"\/>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u7f8e\u56fd\u5546\u54c1\u671f\u8d27\u4ea4\u6613\u59d4\u5458\u4f1a\u53d1\u5e03\u4e86\u884d\u751f\u54c1\u5e02\u573a\u4e2d\u4ee3\u5e01\u5316\u62b5\u62bc\u54c1\u7684\u6700\u65b0\u6307\u5357\uff0c\u4e3a\u6d4b\u8bd5\u5982\u4f55\u5c06\u52a0\u5bc6\u8d27\u5e01\u7528\u4f5c\u884d\u751f\u54c1\u5e02\u573a\u62b5\u62bc\u54c1\u7684\u8bd5\u70b9\u8ba1\u5212\u94fa\u5e73\u4e86\u9053\u8def\u3002 \u884d\u751f\u54c1\u5e02\u573a\u4e2d\u7684\u62b5\u62bc\u54c1\u5145\u5f53\u4fdd\u8bc1\u91d1\uff0c\u4f5c\u4e3a\u786e\u4fdd\u4ea4\u6613\u8005\u80fd\u591f\u5f25\u8865\u4efb\u4f55\u6f5c\u5728\u635f\u5931\u7684\u4fdd\u8bc1\u3002 \u6570\u5b57\u8d44\u4ea7\u8bd5\u70b9\uff0c \u5ba3\u5e03 CFTC \u4ee3\u7406\u4e3b\u5e2d Caroline Pham \u5468\u4e00\u8868\u793a\uff0c\u5c06\u5141\u8bb8\u671f\u8d27\u4f63\u91d1\u5546 (FCM)\u2014\u2014\u4e00\u5bb6\u53ef\u4ee5 \u4fc3\u8fdb \u4e3a\u5ba2\u6237\u8fdb\u884c\u671f\u8d27\u4ea4\u6613\u2014\u2014\u63a5\u53d7\u6bd4\u7279\u5e01\uff08\u6bd4\u7279\u5e01), \u4ee5\u592a (\u4ee5\u592a\u574a\uff09\u548c Circle \u7684\u7a33\u5b9a\u5e01 USDC\uff08\u7f8e\u56fd\u519c\u4e1a\u90e8) \u4f5c\u4e3a\u4fdd\u8bc1\u91d1\u62b5\u62bc\u54c1\u3002 CFTC \u8bd5\u70b9\u53c8\u5411\u524d\u8fc8\u51fa\u4e86\u4e00\u6b65 \u5c06\u52a0\u5bc6\u8d27\u5e01\u7eb3\u5165\u53d7\u76d1\u7ba1\u7684\u5e02\u573a\u548c Circle \u9996\u5e2d\u6267\u884c\u5b98\u5e0c\u601d\u00b7\u5854\u4f2f\u7279 (Heath Tarbert) \u8bf4 \u5b83\u8fd8\u5c06\u4fdd\u62a4\u5ba2\u6237\u3001\u51cf\u5c11\u7ed3\u7b97\u6469\u64e6\u5e76\u5e2e\u52a9\u964d\u4f4e\u98ce\u9669\u3002 \u8303\u5728\u4e00\u4efd\u58f0\u660e\u4e2d\u8868\u793a\uff0c\u8be5\u8bd5\u70b9\u8ba1\u5212\u8fd8\u201c\u5efa\u7acb\u4e86\u660e\u786e\u7684\u62a4\u680f\u6765\u4fdd\u62a4\u5ba2\u6237\u8d44\u4ea7\uff0c\u5e76\u63d0\u4f9b\u589e\u5f3a\u7684 CFTC \u76d1\u63a7\u548c\u62a5\u544a\u3002\u201d \u4f5c\u4e3a\u8bd5\u70b9\u7684\u4e00\u90e8\u5206\uff0c\u53c2\u4e0e\u7684 FCM \u5c06\u53d7\u5230\u4e25\u683c\u7684\u62a5\u544a\u6807\u51c6\u7684\u7ea6\u675f\uff0c\u8be5\u6807\u51c6\u8981\u6c42\u6bcf\u5468\u62a5\u544a\u5ba2\u6237\u603b\u6301\u6709\u91cf\u4ee5\u53ca\u53ef\u80fd\u5f71\u54cd FCM \u7684\u4efb\u4f55\u91cd\u5927\u95ee\u9898\u3002 \u4f7f\u7528\u52a0\u5bc6\u8d27\u5e01\u4f5c\u4e3a\u62b5\u62bc\u54c1\u3002 \u6765\u6e90\uff1a \u8303\u5361\u7f57\u7433 \u66f4\u65b0\u4e86 CFTC \u5bf9\u4ee3\u5e01\u5316\u8d44\u4ea7\u7684\u6307\u5357 CFTC \u7684\u5e02\u573a\u53c2\u4e0e\u8005\u90e8\u95e8\u3001\u5e02\u573a\u76d1\u7763\u90e8\u95e8\u4ee5\u53ca\u6e05\u7b97\u548c\u98ce\u9669\u90e8\u95e8\u8fd8\u53d1\u5e03\u4e86\u5173\u4e8e\u4f7f\u7528 \u4ee3\u5e01\u5316\u8d44\u4ea7\u4f5c\u4e3a\u62b5\u62bc\u54c1 \u5728\u671f\u8d27\u548c\u6389\u671f\u4ea4\u6613\u4e2d\u3002 \u8be5\u6307\u5357\u6db5\u76d6\u4e86\u73b0\u5b9e\u4e16\u754c\u7684\u4ee3\u5e01\u5316\u8d44\u4ea7\uff0c\u5305\u62ec\u7f8e\u56fd\u8d22\u653f\u90e8\u7684\u8d27\u5e01\u5e02\u573a\u57fa\u91d1\uff0c\u4ee5\u53ca\u5408\u683c\u7684\u4ee3\u5e01\u5316\u8d44\u4ea7\u3001\u6cd5\u5f8b\u53ef\u6267\u884c\u6027\u3001\u9694\u79bb\u548c\u63a7\u5236\u5b89\u6392\u7b49\u4e3b\u9898\u3002 \u8303 \u8bf4 \u5728\u5468\u4e00\u7684\u4e00\u7bc7 X \u5e16\u5b50\u4e2d\uff0c\u201c\u8be5\u6307\u5357\u63d0\u4f9b\u4e86\u76d1\u7ba1\u6e05\u6670\u5ea6\uff0c\u5e76\u4e3a\u4ea4\u6613\u6240\u548c\u7ecf\u7eaa\u5546\u9664\u4e86\u7f8e\u56fd\u56fd\u503a\u548c\u8d27\u5e01\u5e02\u573a\u57fa\u91d1\u4e4b\u5916\u6dfb\u52a0\u66f4\u591a\u6570\u5b57\u8d44\u4ea7\u4f5c\u4e3a\u62b5\u62bc\u54c1\u6253\u5f00\u4e86\u5927\u95e8\u3002\u201d \u5e02\u573a\u53c2\u4e0e\u8005\u90e8\u95e8\u8fd8\u5c31\u4f7f\u7528\u652f\u4ed8\u7a33\u5b9a\u5e01\u4f5c\u4e3a\u5ba2\u6237\u4fdd\u8bc1\u91d1\u62b5\u62bc\u54c1\u4ee5\u53ca\u6301\u6709\u67d0\u4e9b\u7279\u5b9a\u8d44\u4ea7\u7684\u5177\u4f53\u8981\u6c42\u53d1\u5e03\u4e86\u201c\u4e0d\u91c7\u53d6\u884c\u52a8\u7acb\u573a\u201d\u3002 \u4e13\u6709\u652f\u4ed8\u7a33\u5b9a\u5e01 \u5728\u9694\u79bb\u7684\u5ba2\u6237\u5e10\u6237\u4e2d\u3002 CFTC<\/p>\n","protected":false},"author":1,"featured_media":177330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":{"0":"post-177329","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u7f8e\u56fd\u5546\u54c1\u671f\u8d27\u4ea4\u6613\u59d4\u5458\u4f1a (CFTC) \u66f4\u65b0\u89c4\u5219\u4ee5\u542f\u52a8\u52a0\u5bc6\u8d27\u5e01\u62b5\u62bc\u54c1\u8bd5\u70b9\u8ba1\u5212 - Ktromedia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktromedia.com\/?p=177329\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u7f8e\u56fd\u5546\u54c1\u671f\u8d27\u4ea4\u6613\u59d4\u5458\u4f1a (CFTC) \u66f4\u65b0\u89c4\u5219\u4ee5\u542f\u52a8\u52a0\u5bc6\u8d27\u5e01\u62b5\u62bc\u54c1\u8bd5\u70b9\u8ba1\u5212 - Ktromedia\" \/>\n<meta property=\"og:description\" content=\"\u7f8e\u56fd\u5546\u54c1\u671f\u8d27\u4ea4\u6613\u59d4\u5458\u4f1a\u53d1\u5e03\u4e86\u884d\u751f\u54c1\u5e02\u573a\u4e2d\u4ee3\u5e01\u5316\u62b5\u62bc\u54c1\u7684\u6700\u65b0\u6307\u5357\uff0c\u4e3a\u6d4b\u8bd5\u5982\u4f55\u5c06\u52a0\u5bc6\u8d27\u5e01\u7528\u4f5c\u884d\u751f\u54c1\u5e02\u573a\u62b5\u62bc\u54c1\u7684\u8bd5\u70b9\u8ba1\u5212\u94fa\u5e73\u4e86\u9053\u8def\u3002 \u884d\u751f\u54c1\u5e02\u573a\u4e2d\u7684\u62b5\u62bc\u54c1\u5145\u5f53\u4fdd\u8bc1\u91d1\uff0c\u4f5c\u4e3a\u786e\u4fdd\u4ea4\u6613\u8005\u80fd\u591f\u5f25\u8865\u4efb\u4f55\u6f5c\u5728\u635f\u5931\u7684\u4fdd\u8bc1\u3002 \u6570\u5b57\u8d44\u4ea7\u8bd5\u70b9\uff0c \u5ba3\u5e03 CFTC \u4ee3\u7406\u4e3b\u5e2d Caroline Pham \u5468\u4e00\u8868\u793a\uff0c\u5c06\u5141\u8bb8\u671f\u8d27\u4f63\u91d1\u5546 (FCM)\u2014\u2014\u4e00\u5bb6\u53ef\u4ee5 \u4fc3\u8fdb \u4e3a\u5ba2\u6237\u8fdb\u884c\u671f\u8d27\u4ea4\u6613\u2014\u2014\u63a5\u53d7\u6bd4\u7279\u5e01\uff08\u6bd4\u7279\u5e01), \u4ee5\u592a (\u4ee5\u592a\u574a\uff09\u548c Circle \u7684\u7a33\u5b9a\u5e01 USDC\uff08\u7f8e\u56fd\u519c\u4e1a\u90e8) \u4f5c\u4e3a\u4fdd\u8bc1\u91d1\u62b5\u62bc\u54c1\u3002 CFTC \u8bd5\u70b9\u53c8\u5411\u524d\u8fc8\u51fa\u4e86\u4e00\u6b65 \u5c06\u52a0\u5bc6\u8d27\u5e01\u7eb3\u5165\u53d7\u76d1\u7ba1\u7684\u5e02\u573a\u548c Circle \u9996\u5e2d\u6267\u884c\u5b98\u5e0c\u601d\u00b7\u5854\u4f2f\u7279 (Heath Tarbert) \u8bf4 \u5b83\u8fd8\u5c06\u4fdd\u62a4\u5ba2\u6237\u3001\u51cf\u5c11\u7ed3\u7b97\u6469\u64e6\u5e76\u5e2e\u52a9\u964d\u4f4e\u98ce\u9669\u3002 \u8303\u5728\u4e00\u4efd\u58f0\u660e\u4e2d\u8868\u793a\uff0c\u8be5\u8bd5\u70b9\u8ba1\u5212\u8fd8\u201c\u5efa\u7acb\u4e86\u660e\u786e\u7684\u62a4\u680f\u6765\u4fdd\u62a4\u5ba2\u6237\u8d44\u4ea7\uff0c\u5e76\u63d0\u4f9b\u589e\u5f3a\u7684 CFTC \u76d1\u63a7\u548c\u62a5\u544a\u3002\u201d \u4f5c\u4e3a\u8bd5\u70b9\u7684\u4e00\u90e8\u5206\uff0c\u53c2\u4e0e\u7684 FCM \u5c06\u53d7\u5230\u4e25\u683c\u7684\u62a5\u544a\u6807\u51c6\u7684\u7ea6\u675f\uff0c\u8be5\u6807\u51c6\u8981\u6c42\u6bcf\u5468\u62a5\u544a\u5ba2\u6237\u603b\u6301\u6709\u91cf\u4ee5\u53ca\u53ef\u80fd\u5f71\u54cd FCM \u7684\u4efb\u4f55\u91cd\u5927\u95ee\u9898\u3002 \u4f7f\u7528\u52a0\u5bc6\u8d27\u5e01\u4f5c\u4e3a\u62b5\u62bc\u54c1\u3002 \u6765\u6e90\uff1a \u8303\u5361\u7f57\u7433 \u66f4\u65b0\u4e86 CFTC \u5bf9\u4ee3\u5e01\u5316\u8d44\u4ea7\u7684\u6307\u5357 CFTC 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