Coinbase 請求上訴法院裁定數位代幣交易不屬於聯邦證券法的範圍

根據彭博社法律報道，該公司將此案定位為解決加密產業監管不確定性的關鍵。

Coinbase has formally requested that the US Court of Appeals for the Second Circuit decide whether digital token trades on its platform are subject to federal securities law.

Coinbase 已正式請求美國第二巡迴上訴法院裁定其平台上的數位代幣交易是否受聯邦證券法管轄。

The company highlighted the importance of the case in resolving regulatory uncertainty within the crypto industry.

該公司強調了此案對於解決加密產業監管不確定性的重要性。

In its January 21 petition, Coinbase argued that the trades on its platform should not be classified as securities transactions, emphasizing that they constitute asset sales rather than investment contracts, Bloomberg Law reported.

根據彭博社報道，Coinbase 在 1 月 21 日的請願書中辯稱，其平台上的交易不應被歸類為證券交易，並強調它們構成資產銷售而不是投資合約。

The company further stated that anonymous parties exchange tokens without creating any obligations beyond the immediate transaction.

該公司進一步表示，匿名方交換代幣不會產生即時交易以外的任何義務。

This interpretation challenges the application of the Howey test, a 1946 standard for identifying investment contracts, to the trades in question.

這種解釋對 Howey 測試（1946 年用於識別投資合約的標準）在相關交易中的應用提出了挑戰。

The petition follows the US District Court for the Southern District of New York’s approval of an interlocutory appeal on the matter.

該請願書是在美國紐約南區地方法院批准就此事提出中間上訴之後提出的。

Judge Katherine Polk Failla described the Howey question as a “difficult issue of first impression” for the Second Circuit.

法官凱瑟琳·波爾克·法伊拉 (Katherine Polk Failla) 將豪伊問題描述為第二巡迴法院的「第一印象難題」。

The SEC filed a lawsuit against Coinbase in June 2023, alleging that the company operated as an unregistered securities exchange, broker, and clearing agency.

美國證券交易委員會 (SEC) 於 2023 年 6 月對 Coinbase 提起訴訟，指控該公司以未註冊的證券交易所、經紀人和清算機構運作。