{"id":6417,"date":"2026-02-19T08:07:16","date_gmt":"2026-02-19T00:07:16","guid":{"rendered":"https:\/\/www.onchainhtx.com\/?p=6417"},"modified":"2026-02-19T08:07:16","modified_gmt":"2026-02-19T00:07:16","slug":"%e7%be%8e%e5%9b%bd%e5%9b%bd%e4%bc%9a%e6%8e%a8%e5%8a%a8%e3%80%8aclarity-%e6%b3%95%e6%a1%88%e3%80%8b%ef%bc%9adefi-%e6%9c%89%e6%9c%9b%e5%bc%95%e6%9d%a5%e3%80%8c%e5%90%88%e8%a7%84%e6%bd%ae%e3%80%8d","status":"publish","type":"post","link":"https:\/\/www.onchainhtx.com\/?p=6417","title":{"rendered":"\u7f8e\u56fd\u56fd\u4f1a\u63a8\u52a8\u300aCLARITY \u6cd5\u6848\u300b\uff1aDeFi \u6709\u671b\u5f15\u6765\u300c\u5408\u89c4\u6f6e\u300d"},"content":{"rendered":"

2025\u5e74\uff0c\u7f8e\u56fd\u4f17\u8bae\u9662\u4ee5\u538b\u5012\u6027\u591a\u6570\u63a8\u8fdb\u300a\u6570\u4f4d\u8d44\u4ea7\u5e02\u573a\u6e05\u6670\u6cd5\u6848\u300b\uff08Digital Asset Market Clarity Act\uff0c\u7b80\u79f0\u300cCLARITY \u6cd5\u6848\u300d\uff09\uff0c\u6cd5\u6848\u73b0\u5df2\u8fdb\u5165\u53c2\u8bae\u9662\u5ba1\u8bae\u9636\u6bb5\uff0c\u82e5\u540e\u7eed\u5728\u53c2\u8bae\u9662\u6295\u7968\u4e2d\u901a\u8fc7\u8fd9\u5c06\u610f\u5473\u8457\u7f8e\u56fd\u5728\u6570\u4f4d\u8d44\u4ea7\u76d1\u7ba1\u9886\u57df\u53c8\u8fc8\u51fa\u5386\u53f2\u6027\u4e00\u6b65\u3002
\n
\u4e00\u3001\u7acb\u6cd5\u6982\u89c8\u4e0e\u6838\u5fc3\u5185\u5bb9<\/p>\n

2025 \u5e74\uff0c\u7f8e\u56fd\u4f17\u8bae\u9662\u4ee5\u538b\u5012\u6027\u591a\u6570\u63a8\u8fdb\u300a\u6570\u4f4d\u8d44\u4ea7\u5e02\u573a\u6e05\u6670\u6cd5\u6848\u300b\uff08Digital Asset Market Clarity Act\uff0c\u7b80\u79f0\u300cCLARITY \u6cd5\u6848\u300d\uff09\uff0c\u6cd5\u6848\u73b0\u5df2\u8fdb\u5165\u53c2\u8bae\u9662\u5ba1\u8bae\u9636\u6bb5\uff0c\u82e5\u540e\u7eed\u5728\u53c2\u8bae\u9662\u6295\u7968\u4e2d\u901a\u8fc7\u8fd9\u5c06\u610f\u5473\u8457\u7f8e\u56fd\u5728\u6570\u4f4d\u8d44\u4ea7\u76d1\u7ba1\u9886\u57df\u53c8\u8fc8\u51fa\u5386\u53f2\u6027\u4e00\u6b65\u3002<\/p>\n

CLARITY \u6cd5\u6848\u7684\u6838\u5fc3\u5185\u5bb9\u662f\u4e3a\u6570\u4f4d\u8d44\u4ea7\u89c4\u5212\u51fa\u6e05\u6670\u7684\u5b9a\u4e49\u4e0e\u76d1\u7ba1\u89c4\u5219\uff0c\u5c24\u5176\u4e3a\u7f8e\u56fd\u8bc1\u7ba1\u4f1a\uff08SEC\uff09\u4e0e\u5546\u54c1\u671f\u8d27\u4ea4\u6613\u59d4\u5458\u4f1a\uff08CFTC\uff09\u7684\u76d1\u7ba1\u6743\u9650\u5212\u6e05\u754c\u7ebf\u3002\u82e5\u6cd5\u6848\u901a\u8fc7\u540e CFTC \u5c06\u8d1f\u8d23\u76d1\u7ba1\u5305\u62ec\u4ea4\u6613\u6240\u3001\u7ecf\u7eaa\u4e1a\u3001\u7ecf\u9500\u5546\u3001\u7b26\u5408\u300c\u6210\u719f\u94fe\u300d\u6807\u51c6\u7684\u9879\u76ee\u65b9\u3002\u800c SEC \u8d1f\u8d23\u8bc1\u5238\u7c7b\u8d44\u4ea7\u4ee5\u53ca\u5177\u6709\u6295\u8d44\u5951\u7ea6\u5c5e\u6027\u7684\u52a0\u5bc6\u8d27\u5e01\u3002 CLARITY \u6cd5\u6848\u4e0e\u300aGENIUS \u6cd5\u6848\u300b\u5171\u540c\u5efa\u6784\u4e86\u5bf9\u6570\u4f4d\u8d44\u4ea7\u7684\u4e0a\u4e0b\u6e38\u76d1\u7ba1\u4f53\u7cfb\uff0c\u524d\u8005\u805a\u7126\u4e8e\u533a\u5757\u94fe\u57fa\u7840\u8bbe\u65bd\u4e0e\u8d44\u4ea7\u5c5e\u6027\u5212\u5206\uff0c\u540e\u8005\u5219\u4e13\u8d23\u7a33\u5b9a\u5e01\u76d1\u7ba1\u89c4\u8303\u3002<\/p>\n

\u00a0\"\"<\/p>\n

\u6838\u5fc3\u5185\u5bb9\u5305\u62ec\uff1a
\n
<\/p>\n

\u786e\u7acb\u300c\u6570\u4f4d\u5546\u54c1\u300d\u5b9a\u4e49
\n\u5bf9\u5df2\u5b9e\u73b0\u53bb\u4e2d\u5fc3\u5316\u3001\u8fd0\u884c\u5728\u5f00\u653e\u533a\u5757\u94fe\u4e0a\u7684\u539f\u751f\u52a0\u5bc6\u8d44\u4ea7\uff08\u5982 BTC \u3001 ETH\uff09\u660e\u786e\u5f52\u7c7b\u4e3a\u300c\u6570\u4f4d\u5546\u54c1\u300d\uff0c\u7eb3\u5165 CFTC \u76d1\u7ba1\u8303\u7574\uff0c\u533a\u522b\u4e8e SEC \u6240\u8f96\u7684\u8bc1\u5238\u7c7b\u8d44\u4ea7\u3002<\/p>\n


<\/p>\n

\u6210\u719f\u533a\u5757\u94fe\u7cfb\u7edf\u8ba4\u5b9a\u673a\u5236
\n\u6cd5\u6848\u5f15\u5165\u300c\u6210\u719f\u94fe\u300d\uff08Mature Blockchain\uff09\u6807\u51c6\uff0c\u5141\u8bb8\u7279\u5b9a\u9879\u76ee\u5728\u8fbe\u5230\u53bb\u4e2d\u5fc3\u5316\u3001\u6cbb\u7406\u53bb\u63a7\u5236\u5316\u3001\u4ee3\u7801\u5f00\u6e90\u7b49\u6280\u672f\u548c\u6cbb\u7406\u95e8\u69db\u540e\uff0c\u5c06\u5176\u4ee3\u5e01\u4ece\u300c\u8bc1\u5238\u300d\u72b6\u6001\u8f6c\u4e3a\u300c\u5546\u54c1\u300d\uff0c\u4ece\u800c\u8c41\u514d\u8bc1\u5238\u6cd5\u4e0b\u7684\u7e41\u91cd\u5408\u89c4\u8981\u6c42\u3002\u6b64\u7c7b\u9879\u76ee\u521d\u59cb\u53d1\u884c\u9636\u6bb5\uff08\u5982 SAFT \u3001 ICO \u3001 IPO\uff09\u9002\u7528\u8bc1\u5238\u6cd5\uff0c\u800c\u5f53\u9879\u76ee\u5b8c\u6210\u53bb\u4e2d\u5fc3\u5316\u8f6c\u578b\u540e\uff0c\u5176\u4ee3\u5e01\u53ef\u91cd\u65b0\u5f52\u7c7b\u4e3a\u6570\u4f4d\u5546\u54c1\uff0c\u8f6c\u800c\u53d7 CFTC \u76d1\u7ba1\u3002<\/p>\n


<\/p>\n

DeFi \u9879\u76ee\u5408\u89c4\u8c41\u514d\u6761\u6b3e
\n\u5bf9\u4e0d\u6d89\u53ca\u8d44\u4ea7\u6258\u7ba1\u3001\u65e0\u96c6\u4e2d\u4e2d\u4ecb\u7ed3\u6784\u7684 DeFi \u534f\u8bae\u4e88\u4ee5\u6ce8\u518c\u4e49\u52a1\u8c41\u514d\uff0c\u540c\u65f6\u660e\u786e\u524d\u7aef\u5f00\u53d1\u8005\u4e0e\u8282\u70b9\u8425\u8fd0\u8005\u4e0d\u627f\u62c5\u91d1\u878d\u4e2d\u4ecb\u8d23\u4efb\uff0c\u51cf\u8f7b\u5408\u89c4\u8d1f\u62c5\u3002<\/p>\n


<\/p>\n

\u8d44\u8baf\u63ed\u9732\u4e0e\u5185\u7ebf\u4ea4\u6613\u9650\u5236
\n\u8fd0\u8425\u6570\u4f4d\u5546\u54c1\u4ea4\u6613\u5e02\u573a\u7684\u5e73\u53f0\u5fc5\u987b\u5411 CFTC \u6ce8\u518c\u4e3a\u300c\u6570\u4f4d\u5546\u54c1\u4ea4\u6613\u6240\u300d\uff0c\u5305\u62ec\u573a\u5916\u4ea4\u6613\u7ecf\u7eaa\u5546\u548c\u505a\u5e02\u5546\u3002\u8fd9\u4e9b\u673a\u6784\u5c06\u9075\u5b88\u4e25\u683c\u7684\u8054\u90a6\u76d1\u7ba1\u8981\u6c42\uff0c\u5982\u6700\u4f4e\u8d44\u672c\u3001\u98ce\u9669\u7ba1\u7406\u3001\u4ea4\u6613\u8bb0\u5f55\u3001\u76d1\u7ba1\u62a5\u544a\u3001\u5ba2\u6237\u8d44\u4ea7\u4fdd\u62a4\u7b49\u3002\u82e5\u516c\u53f8\u540c\u65f6\u6d89\u53ca\u8bc1\u5238\u4e0e\u6570\u4f4d\u5546\u54c1\u4e1a\u52a1\uff0c\u9700\u5206\u522b\u5411 SEC \u548c CFTC \u6ce8\u518c\uff0c\u5c3d\u7ba1\u5408\u89c4\u8d1f\u62c5\u8f83\u91cd\uff0c\u4f46\u6cd5\u6848\u660e\u786e\u5212\u5b9a\u4e86\u53cc\u65b9\u76d1\u7ba1\u8fb9\u754c\u3002<\/p>\n


<\/p>\n

\u4f20\u7edf\u673a\u6784\u53c2\u4e0e\u5408\u6cd5\u5316
\n\u6cd5\u6848\u4e3a\u94f6\u884c\u3001\u5238\u5546\u7b49\u4f20\u7edf\u91d1\u878d\u673a\u6784\u63d0\u4f9b\u52a0\u5bc6\u8d44\u4ea7\u6258\u7ba1\u4e0e\u4ea4\u6613\u4e1a\u52a1\u7684\u6cd5\u5f8b\u4f9d\u636e\uff0c\u63a8\u52a8\u4f20\u7edf\u8d44\u672c\u66f4\u5e7f\u6cdb\u8fde\u7ed3\u6570\u4f4d\u8d44\u4ea7\u5e02\u573a\u3002<\/p>\n


1. \u52a0\u5bc6\u8d44\u4ea7\u7684\u6cd5\u89c4\u900f\u660e\u5ea6\u63d0\u5347\uff0c\u589e\u5f3a\u5e02\u573a\u4fe1\u5fc3<\/p>\n

CLARITY \u6cd5\u6848\u4e3a\u6574\u4e2a\u52a0\u5bc6\u4ea7\u4e1a\u63d0\u4f9b\u4e86\u786e\u5b9a\u6027\u6781\u9ad8\u7684\u5408\u89c4\u8def\u5f84\uff0c\u7ed3\u675f\u4e86\u957f\u671f\u300c\u4ee5\u6267\u6cd5\u53d6\u4ee3\u76d1\u7ba1\u300d\u7684\u6df7\u4e71\u3002\u65e0\u8bba\u662f\u9879\u76ee\u65b9\u3001\u4ea4\u6613\u5e73\u53f0\uff0c\u5747\u53ef\u5728\u6cd5\u5f8b\u6846\u67b6\u4e0b\u5f00\u5c55\u4e1a\u52a1\uff0c\u6cd5\u89c4\u63d0\u9ad8\u4e86\u6838\u5fc3\u5e02\u573a\u57fa\u7840\u8bbe\u65bd\u7684\u900f\u660e\u5ea6\uff0c\u6709\u52a9\u4e8e\u9632\u6b62\u8bc8\u6b3a\u548c\u6ee5\u7528\uff0c\u5e76\u589e\u5f3a\u6d88\u8d39\u8005\u4fe1\u4efb\u3002\u8fdb\u800c\u5438\u5f15\u66f4\u591a\u673a\u6784\u8d44\u91d1\u8fdb\u5165\u5e02\u573a\uff0c\u63d0\u5347\u5e02\u573a\u6d41\u52a8\u6027\u548c\u6d3b\u8dc3\u5ea6\u3002\u5bf9\u4e8e\u673a\u6784\u6765\u8bf4\uff0c\u5176\u53ef\u4ee5\u8fdb\u4e00\u6b65\u7684\u5b9e\u73b0\u5408\u89c4\u5316\u4ece\u800c\u907f\u514d\u7c7b\u4f3c\u5148\u524d SEC \u8d77\u8bc9\u7684\u98ce\u9669\u3002\u5bf9\u6d88\u8d39\u8005\u6765\u8bf4\uff0c\u6cd5\u6848\u8981\u6c42\u52a0\u5bc6\u5546\u54c1\u53d1\u884c\u65b9\u5f3a\u5236\u6027\u63ed\u9732\u76f8\u5173\u8d44\u8baf\u4e0e\u9650\u5236\u5185\u7ebf\u4ea4\u6613\u7b49\u89c4\u5219\u4fdd\u62a4\u7c7b\u6d88\u8d39\u8005\u7684\u5408\u6cd5\u6743\u76ca\uff0c\u5e76\u964d\u4f4e\u6295\u8d44\u98ce\u9669\u3002<\/p>\n

2. \u7f8e\u56fd\u52a0\u5bc6\u8d44\u4ea7\u76d1\u7ba1\u4f53\u7cfb\u8d70\u5411\u300c\u53bb SEC \u5316\u300d<\/p>\n

\u957f\u671f\u4ee5\u6765\uff0cSEC \u5bf9\u5927\u90e8\u5206\u52a0\u5bc6\u8d27\u5e01\u90fd\u9884\u8bbe\u4e3a\u8bc1\u5238\uff0c\u5bfc\u81f4\u8bf8\u5982 XRP \u3001 SOL \u3001 ADA \u3001 UNI \u7b49\u591a\u4e2a\u9879\u76ee\u9677\u5165\u76d1\u7ba1\u7ea0\u7eb7\u3002 CLARITY \u6cd5\u6848\u5219\u900f\u8fc7\u7ed3\u6784\u6027\u5206\u914d\uff0c\u4e3a\u7edd\u5927\u591a\u6570\u5b8c\u5168\u53bb\u4e2d\u5fc3\u5316\u8d44\u4ea7\u5efa\u6784\u65b0\u7684\u76d1\u7ba1\u67b6\u6784\uff0c\u6b64\u7c7b\u8d44\u4ea7\u53ef\u4ee5\u4e0d\u518d\u9075\u5faa SEC \u7684\u76d1\u7ba1\u4f53\u7cfb\u3002<\/p>\n

3. \u4f20\u7edf\u4ea4\u6613\u6240\u80fd\u591f\u53d6\u5f97\u6570\u4f4d\u5546\u54c1\u4ea4\u6613\u6240\u6267\u7167<\/p>\n

CLARITY \u6cd5\u6848\u5141\u8bb8\u4f20\u7edf\u8bc1\u5238\u4ea4\u6613\u6240\u7533\u8bf7\u300c\u6570\u4f4d\u5546\u54c1\u4ea4\u6613\u6240\u300d\u724c\u7167\uff0c\u8fd9\u610f\u5473\u8457\u672a\u6765\u7eb3\u65af\u8fbe\u514b\u3001\u7ebd\u4ea4\u6240\u7b49\u4f20\u7edf\u4ea4\u6613\u5e73\u53f0\u53ef\u80fd\u5c06\u540c\u6b65\u63d0\u4f9b\u80a1\u7968\u4e0e\u6570\u4f4d\u8d44\u4ea7\uff08\u5982\u6bd4\u7279\u5e01\u3001\u4ee5\u592a\u574a\u7b49\uff09\u4ea4\u6613\u670d\u52a1\uff0c\u6295\u8d44\u8005\u80fd\u591f\u5728\u540c\u4e00\u5e73\u53f0\u4e0b\u65e0\u7f1d\u8fdb\u884c\u4f20\u7edf\u4e0e\u52a0\u5bc6\u8d44\u4ea7\u914d\u7f6e\u3002\u8fd9\u4e0d\u4ec5\u964d\u4f4e\u4e86\u7528\u6237\u95e8\u69db\uff0c\u4e5f\u4e3a\u4f20\u7edf\u91d1\u878d\u4e3b\u6d41\u8d44\u91d1\u63d0\u4f9b\u4e86\u5408\u89c4\u3001\u53ef\u4fe1\u8d56\u7684\u5165\u53e3\u8fdb\u5165\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u3002<\/p>\n

\u00a0<\/p>\n

\u4e09\u3001\u5bf9 DeFi \u9879\u76ee\u7684\u5f71\u54cd
\n1. \u660e\u786e\u8c41\u514d\u673a\u5236\uff0c\u4fdd\u62a4\u534f\u8bae\u5f00\u53d1\u8005<\/p>\n

DeFi \u9879\u76ee\u53ea\u8981\u4e0d\u4ece\u4e8b\u4e2d\u4ecb\u4e1a\u52a1\uff0cDeFi \u7684\u5f00\u53d1\u8005\u548c\u7ecf\u8425\u8005\u65e0\u9700\u5411 SEC \u6216 CFTC \u6ce8\u518c\u3002\u7f16\u5199\u7a0b\u5f0f\u7801\u3001\u8fd0\u884c\u8282\u70b9\u6216\u63d0\u4f9b\u524d\u7aef\u4ecb\u9762\u901a\u5e38\u4e0d\u4f1a\u88ab\u8ba4\u5b9a\u4e3a\u91d1\u878d\u670d\u52a1\u63d0\u4f9b\u8005\u3002<\/p>\n


<\/p>\n

\u65e0\u6258\u7ba1\u2260 \u4e2d\u4ecb\uff1a\u82e5\u534f\u8bae\u4e0d\u6258\u7ba1\u7528\u6237\u8d44\u4ea7\u4e14\u4e0d\u63d0\u4f9b\u4f20\u7edf\u91d1\u878d\u670d\u52a1\uff0c\u5176\u5f00\u53d1\u8005\u3001\u8282\u70b9\u8fd0\u8425\u5546\u548c\u524d\u7aef\u7ef4\u62a4\u8005\u5747\u4e0d\u88ab\u89c6\u4e3a\u91d1\u878d\u4e2d\u4ecb\uff0c\u65e0\u9700\u627f\u62c5\u6ce8\u518c\u6216\u724c\u7167\u4e49\u52a1\u00a0\u3002<\/p>\n


<\/p>\n

\u4ee3\u7801\u4e0e\u8425\u8fd0\u65e0\u98ce\u9669\uff1a\u81ea\u884c\u53d1\u5e03\u667a\u6167\u5408\u7ea6\u6216\u94b1\u5305\u8f6f\u4f53\u4e0d\u6784\u6210\u8bc1\u5238\u53d1\u884c\u4e3b\u4f53\uff0c\u5176\u884c\u4e3a\u4e0e\u79d1\u6280\u53d1\u5e03\u7c7b\u4f3c\uff0c\u4e14\u4e0d\u88ab\u91d1\u878d\u76d1\u7406\u8986\u76d6\u3002<\/p>\n


2. \u5f15\u5165\u81ea\u4e3b\u6258\u7ba1\u6743\uff0c\u4fdd DeFi \u7528\u6237\u8d22\u4ea7\u6743\u5229<\/p>\n

\u6cd5\u6848\u7b2c 105 \u6761\uff08Sec. 105\uff09\u53ca\u76f8\u5173\u6761\u6b3e\uff0c\u4fdd\u969c\u7528\u6237\u81ea\u4e3b\u7ba1\u7406\u6570\u4f4d\u8d44\u4ea7\u7684\u6743\u5229\uff0c\u786e\u8ba4\u7528\u6237\u53ef\u900f\u8fc7\u975e\u6258\u7ba1\u94b1\u5305\u81ea\u7531\u8fdb\u884c\u70b9\u5bf9\u70b9\u4ea4\u6613\u4e14\u5408\u6cd5\u4eab\u6709\u8d44\u91d1\u63a7\u5236\u6743\u00a0\u3002\u8fd9\u9879\u6743\u76ca\u4e3a DeFi \u7528\u6237\u63d0\u4f9b\u4e86\u6cd5\u5f8b\u4e0a\u7684\u4fdd\u62a4\uff0c\u4f7f\u5176\u4e0d\u56e0\u9009\u62e9\u81ea\u6258\u7ba1\u800c\u62c5\u5fc3\u653f\u7b56\u60e9\u7f5a\u3002<\/p>\n


<\/p>\n

\u5408\u6cd5\u6258\u7ba1\u81ea\u7531\uff1a\u7528\u6237\u4ee5\u786c\u4f53\u6216\u8f6f\u4f53\u94b1\u5305\u7ba1\u7406\u8d44\u4ea7\uff0c\u4e0d\u4f9d\u8d56\u94f6\u884c\u6216\u7b2c\u4e09\u65b9\uff08\u91d1\u878d\u673a\u6784\uff09\u4ecb\u5165\u3002<\/p>\n


<\/p>\n

\u81ea\u6cbb\u4ea4\u6613\u6743\u5229\uff1a\u7528\u6237\u53ef\u81ea\u4e3b\u53d1\u8d77\u94fe\u4e0a\u8f6c\u5e10\u3001\u53c2\u4e0e DeFi \u534f\u8bae\u6cbb\u7406\u548c\u6d41\u52a8\u6027\u6316\u77ff\uff0c\u65e0\u9700\u6ce8\u518c KYC \u4e2d\u4ecb\u53c2\u4e0e\u3002<\/p>\n


<\/p>\n

\u786e\u7acb\u7f8e\u56fd\u4e3b\u6743\u6570\u4f4d\u6743\u89c2\u5ff5\uff1a\u5c06\u300c\u638c\u63a7\u79c1\u94a5\u5373\u638c\u63a7\u8d44\u4ea7\u300d\u7eb3\u5165\u7acb\u6cd5\u6846\u67b6\uff0c\u786e\u4fdd\u79c1\u6709\u94fe\u4e0a\u884c\u4e3a\u4e0d\u88ab\u8ba4\u4e3a\u975e\u6cd5\u6216\u9700\u8981\u8bb8\u53ef\u3002\u00a0<\/p>\n


3. \u5bf9\u4ee3\u8868\u6027 DeFi \u9879\u76ee\u7684\u5f71\u54cd\uff1a<\/p>\n

\u5bf9\u4e8e\u591a\u6570 DeFi \u9879\u76ee\u800c\u8a00\uff0c\u5176\u534f\u8bae\u672c\u8eab\u7684\u8fd0\u4f5c\u65b9\u5f0f\u901a\u5e38\u7b26\u5408 CLARITY \u6cd5\u6848\u5bf9\u300c\u975e\u4e2d\u4ecb\u300d\u89d2\u8272\u7684\u5b9a\u4e49\uff0c\u56e0\u6b64\u5728\u6cd5\u6848\u901a\u8fc7\u540e\uff0c\u6709\u671b\u83b7\u5f97\u660e\u786e\u7684\u6ce8\u518c\u4e0e\u4e2d\u4ecb\u8c41\u514d\u8d44\u683c\uff0c\u77ed\u671f\u5185\u5c06\u8fce\u6765\u663e\u8457\u7684\u5408\u89c4\u5229\u597d\u3002\u7136\u800c\uff0c\u8fd9\u5e76\u4e0d\u610f\u5473\u8457 DeFi \u5df2\u5b9e\u73b0\u5168\u9762\u5408\u89c4\u6027\u3002\u503c\u5f97\u5173\u6ce8\u7684\u662f\uff0c\u8bb8\u591a\u5e73\u53f0\u53d1\u884c\u7684\u5b98\u65b9\u4ee3\u5e01\u4ecd\u5b58\u5728\u6cd5\u5f8b\u4e0d\u786e\u5b9a\u6027\uff0c\u5176\u662f\u5426\u6784\u6210\u8bc1\u5238\uff0c\u4ecd\u53d6\u51b3\u4e8e\u662f\u5426\u5177\u5907\u300c\u6295\u8d44\u5408\u7ea6\u300d\u7279\u5f81\uff0c\u4f8b\u5982\u6295\u8d44\u8005\u7684\u6536\u76ca\u662f\u5426\u53d6\u51b3\u4e8e\u9879\u76ee\u65b9\u7684\u884c\u4e3a\u7b49\u60c5\u51b5\u3002\u56e0\u6b64\uff0cCLARITY \u6cd5\u6848\u867d\u7136\u5728\u534f\u8bae\u5c42\u9762\u63d0\u4f9b\u4e86\u76d1\u7ba1\u6e05\u6670\u5ea6\uff0c\u4f46\u5e76\u672a\u4e00\u52b3\u6c38\u9038\u5730\u89e3\u51b3\u4ee3\u5e01\u5c42\u9762\u7684\u5408\u89c4\u95ee\u9898\u3002\u4e3a\u964d\u4f4e\u5e73\u53f0\u4ee3\u5e01\u88ab\u8ba4\u5b9a\u4e3a\u8bc1\u5238\u7684\u98ce\u9669\uff0c\u9879\u76ee\u65b9\u4ecd\u9700\u6301\u7eed\u63a8\u8fdb\u6cbb\u7406\u7ed3\u6784\u7684\u900f\u660e\u5316\uff0c\u5f3a\u5316\u793e\u533a\u4e3b\u5bfc\u7684\u6cbb\u7406\u673a\u5236\uff0c\u9010\u6b65\u5206\u6563\u63a7\u5236\u6743\uff0c\u4ee5\u63d0\u5347\u4ee3\u5e01\u7684\u5408\u89c4\u6027\u5e76\u5efa\u6784\u66f4\u7a33\u5065\u7684\u6cd5\u5f8b\u9632\u706b\u5899\u3002<\/p>\n

\"\"<\/p>\n

\u56db\u3001\u672a\u6765\u53d1\u5c55<\/p>\n

\u622a\u81f3 2025 \u5e74 7 \u6708 23 \u65e5\uff0c\u300aCLARITY \u6cd5\u6848\u300b\u5df2\u987a\u5229\u8fdb\u5165\u7f8e\u56fd\u53c2\u8bae\u9662\u5ba1\u8bae\u9636\u6bb5\uff0c\u6807\u5fd7\u8457\u6570\u4f4d\u8d44\u4ea7\u76d1\u7ba1\u7acb\u6cd5\u8fc8\u51fa\u5173\u952e\u4e00\u6b65\u3002\u5f53\u524d\u7acb\u6cd5\u8fdb\u7a0b\u7684\u6700\u5927\u4e89\u8bae\u7126\u70b9\uff0c\u5728\u4e8e\u53c2\u8bae\u9662\u7248\u672c\u662f\u5426\u80fd\u591f\u4fdd\u7559\u4f17\u8bae\u9662\u901a\u8fc7\u7248\u672c\u4e2d\u5173\u4e8e DeFi \u4e0e\u4ee3\u5e01\u5206\u7c7b\u7684\u5173\u952e\u6761\u6b3e\u3002\u8fd9\u9879\u51b3\u5b9a\u5c06\u53d6\u51b3\u4e8e\u53c2\u8bae\u9662\u76f8\u5173\u59d4\u5458\u4f1a\u7684\u542c\u8bc1\u7a0b\u5e8f\u4e0e\u540e\u7eed\u6761\u6b3e\u4fee\u8ba2\u60c5\u51b5\u3002<\/p>\n

\u4ece\u6574\u4f53\u8d8b\u52bf\u6765\u770b\uff0c\u300aCLARITY \u6cd5\u6848\u300b\u9884\u8ba1\u5728\u672a\u6765\u51e0\u4e2a\u6708\u5185\uff0c\u63a8\u52a8\u7f8e\u56fd\u786e\u7acb\u4e00\u5957\u66f4\u4e3a\u6e05\u6670\u3001\u5206\u5c42\u7684\u52a0\u5bc6\u8d44\u4ea7\u76d1\u7ba1\u6846\u67b6\uff1a\u8bc1\u5238\u578b\u4ee3\u5e01\u7531 SEC \u76d1\u7ba1\uff0c\u5546\u54c1\u578b\u4ee3\u5e01\u5f52\u5c5e CFTC \u7ba1\u8f96\u3002\u8be5\u6846\u67b6\u5c06\u4e3a\u533a\u5757\u94fe\u5f00\u53d1\u8005\u3001 DeFi \u534f\u8bae\u3001\u4ea4\u6613\u5e73\u53f0\u7b49\u63d0\u4f9b\u660e\u786e\u7684\u5408\u89c4\u8def\u5f84\uff0c\u4e0d\u4ec5\u6709\u52a9\u4e8e\u964d\u4f4e\u6cd5\u5f8b\u4e0d\u786e\u5b9a\u6027\uff0c\u8fd8\u5c06\u6fc0\u53d1\u5408\u89c4\u521b\u65b0\u3001\u5438\u5f15\u673a\u6784\u8d44\u91d1\u5165\u573a\uff0c\u8fdb\u4e00\u6b65\u5de9\u56fa\u7f8e\u56fd\u5728\u5168\u7403\u6570\u4f4d\u8d44\u4ea7\u653f\u7b56\u5236\u5b9a\u4e2d\u7684\u9886\u5bfc\u5730\u4f4d\u3002<\/p>\n

\u6b64\u5916\uff0c\u300aCLARITY \u6cd5\u6848\u300b\u4e0e\u5df2\u7531\u5ddd\u666e\u603b\u7edf\u6b63\u5f0f\u7b7e\u7f72\u7684\u300aGENIUS \u6cd5\u6848\u300b\u4e4b\u95f4\u7684\u8fde\u52a8\uff0c\u4e3a\u7f8e\u56fd\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u5408\u89c4\u5236\u5ea6\u5960\u5b9a\u4e86\u53cc\u652f\u67f1\u57fa\u7840\u3002\u524d\u8005\u805a\u7126\u4e8e\u8d44\u4ea7\u5206\u7c7b\u4e0e\u5e02\u573a\u7ed3\u6784\uff0c\u540e\u8005\u5219\u63d0\u4f9b\u7a33\u5b9a\u5e01\u53d1\u884c\u7684\u5b89\u5168\u6e2f\u4e0e\u6ce8\u518c\u8c41\u514d\u8def\u5f84\uff0c\u4e24\u8005\u5171\u540c\u5efa\u6784\u51fa\u300c\u5148\u8c41\u514d\u3001\u540e\u8f6c\u578b\u3001\u6700\u7ec8\u5f52\u7c7b\u300d\u7684\u5b8c\u6574\u5408\u89c4\u95ed\u73af\u3002\u4e00\u65e6\u300aCLARITY \u6cd5\u6848\u300b\u4e5f\u6b63\u5f0f\u901a\u8fc7\u5e76\u7b7e\u7f72\u4e3a\u6cd5\u6848\uff0c\u5c06\u6807\u5fd7\u8457\u7f8e\u56fd\u52a0\u5bc6\u8d44\u4ea7\u7acb\u6cd5\u4f53\u7cfb\u8fdb\u5165\u5168\u9762\u5b9e\u65bd\u9636\u6bb5\uff0c\u5927\u5e45\u63d0\u5347\u52a0\u5bc6\u8d44\u4ea7\u5728\u7f8e\u56fd\u4e3b\u6d41\u91d1\u878d\u4f53\u7cfb\u4e2d\u7684\u5408\u6cd5\u6027\u4e0e\u6218\u7565\u5730\u4f4d\u3002<\/p>\n

\uff08\u4ee5\u4e0a\u5185\u5bb9\u83b7\u5408\u4f5c\u4f19\u4f34 PANews \u6388\u6743\u8282\u5f55\u53ca\u8f6c\u8f7d\uff0c\u539f\u6587\u8fde\u7ed3 | \u51fa\u5904\uff1aBitMart \u7814\u7a76\u9662\uff09<\/p>\n

\u00a0<\/p>\n

\u98ce\u9669\u63d0\u793a\uff1a<\/p>\n

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\u6240\u6709\u52a0\u5bc6\u8d27\u5e01\u6295\u8d44\uff08\u5305\u62ec\u6536\u76ca\uff09\u672c\u8d28\u4e0a\u90fd\u5177\u6709\u9ad8\u5ea6\u6295\u673a\u6027\uff0c\u5e76\u6d89\u53ca\u91cd\u5927\u635f\u5931\u98ce\u9669\u3002\u8fc7\u53bb\u3001\u5047\u8bbe\u6216\u6a21\u62df\u7684\u8868\u73b0\u4e0d\u4e00\u5b9a\u4ee3\u8868\u672a\u6765\u7684\u7ed3\u679c\u3002\u6570\u4f4d\u8d27\u5e01\u7684\u4ef7\u503c\u53ef\u80fd\u4e0a\u6da8\u6216\u4e0b\u8dcc\uff0c\u8d2d\u4e70\u3001\u51fa\u552e\u3001\u6301\u6709\u6216\u4ea4\u6613\u6570\u4f4d\u8d27\u5e01\u53ef\u80fd\u5b58\u5728\u91cd\u5927\u98ce\u9669\u3002\u60a8\u5e94\u8be5\u6839\u636e\u4e2a\u4eba\u6295\u8d44\u76ee\u6807\u3001\u8d22\u52a1\u72b6\u51b5\u548c\u98ce\u9669\u627f\u53d7\u80fd\u529b\uff0c\u4ed4\u7ec6\u8003\u8651\u4ea4\u6613\u6216\u6301\u6709\u6570\u4f4d\u8d27\u5e01\u662f\u5426\u9002\u5408\u60a8\u3002 BitMart \u4e0d\u63d0\u4f9b\u4efb\u4f55\u6295\u8d44\u3001\u6cd5\u5f8b\u6216\u7a0e\u52a1\u5efa\u8bae\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

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