美国法院裁定,根据2025年的证券法,中央加密交易所而不是分散的交易所可以承担赔偿责任。 U.S. courts ruled centralized crypto exchanges, not decentralized ones, can be held liable under securities laws in 2025.

2025年,美国向法院提起了加密诉讼,澄清根据证券法,只有中央集权交易所才可能承担责任,而分散平台则不然。 In 2025, U.S. crypto litigation advanced with courts clarifying that only centralized exchanges can be liable under securities laws, while decentralized platforms are not. 证交会和公平贸易委员会发布了联合指南,允许受监管的交易所根据现行法律进行杠杆加密产品交易,促进市场增长。 The SEC and CFTC issued joint guidance allowing regulated exchanges to trade leveraged crypto products under existing laws, promoting market growth. 证交会还核准了包括数字资产在内的现货商品交易方案通用上市标准,简化了准入手续。 The SEC also approved generic listing standards for spot commodity ETPs, including digital assets, streamlining access. 与此同时，监管行动包括与 Gemini 的初步和解、与 Genesis 的 2100 万美元和解，以及纽约 DFS 和 FINRA 为加强合规性和教育而提供的新指南。 Meanwhile, regulatory actions included a preliminary settlement with Gemini, a $21 million settlement with Genesis, and new guidance from New York’s DFS and FINRA to enhance compliance and education.