Defi教育基金敦促SEC建立令牌安全港框架

Defi教育基金（DEF）正式敦促美國證券交易委員會（SEC）採用“代幣安全港”框架

The DeFi Education Fund (DEF) has penned a letter to the U.S. Securities and Exchange Commission (SEC), urging the financial watchdog to adopt a "token safe harbor" framework.

Defi教育基金（DEF）已寫信給美國證券交易委員會（SEC），敦促金融監管機構採用“代幣安全港”框架。

The framework would offer time-limited regulatory relief to token projects that are aiming to achieve decentralization. In the letter, seen by Blockworks and dated April 18, DEF highlighted five core principles for crafting a balanced approach that encourages innovation.

該框架將為旨在實現權力下放的代幣項目提供時限的監管救濟。 DEF在Blockworks和日期為4月18日的信中，強調了五個核心原則，用於製定鼓勵創新的平衡方法。

“As the U.S. Congress continues to deliberate on broader legislation for digital assets, the SEC can play a pivotal role in providing much-needed regulatory clarity and support for the development of the DeFi ecosystem,” DEF said.

DEF說：“隨著美國國會繼續審議更廣泛的數字資產立法，SEC可以在提供急需的監管清晰度和支持Defi生態系統的發展方面發揮關鍵作用。”

The initiative proposes a structured, temporary exemption that would allow projects to develop toward decentralization without being classified as securities. This status triggers an obligation for projects to register with the SEC, which can be a lengthy and complex process.

該倡議提出了一種結構化的臨時豁免，該豁免將允許項目發展為權力下放，而無需歸類為證券。此狀態觸發了項目向SEC註冊的義務，這可能是一個漫長而復雜的過程。

The deferral would buy projects time to decentralize and would ultimately create an avenue for projects to launch in the U.S. without needing to apply for an exemption.

延期將為分散的項目購買時間，並最終為在美國推出的項目創建途徑而無需申請豁免。

Five Key Principles for Token Safe Harbor Framework

令牌安全港框架的五個關鍵原則

DEF recommends the SEC adopts a technology-agnostic approach. Instead of designing rules around specific blockchain architectures or consensus mechanisms, the framework should focus on the risk profile of activities.

DEF建議SEC採用技術反應方法。該框架不是圍繞特定區塊鏈體系結構或共識機制設計規則，而應關注活動的風險概況。

“Favoring certain technologies could inadvertently stifle innovation and limit the future flexibility of the regulatory framework,” DEF said.

Def說：“偏愛某些技術可以無意中扼殺創新，並限制監管框架的未來靈活性。”

The group also highlighted the need for broad eligibility. The safe harbor should extend not only to newly launched tokens but also to already-distributed tokens that are still progressing toward their decentralization goals.

該小組還強調了需要廣泛資格的必要性。安全港不僅應該擴展到新推出的代幣，而且還應擴展到已經分佈的代幣，這些代幣仍在朝著權力下放的目標發展。

This would ensure that early-stage projects aren't excluded from future compliance opportunities simply due to timing.

這將確保僅僅由於時間安排而不會將早期項目排除在未來的合規機會之外。

On the issue of transparency, DEF proposed a set of disclosure requirements tailored to the realities of early-stage teams. These would include:

關於透明度的問題，DEF提出了一套針對早期團隊現實量身定制的披露要求。這些包括：

DEF also called for ongoing disclosures during the safe harbor period and proposed leveraging API integrations and blockchain automation to streamline compliance reporting. To reinforce the path toward decentralization, the group suggested lock-up periods for insiders, aligning incentives with long-term project goals.

DEF還呼籲在安全港期間進行持續的披露，並提議利用API集成和區塊鏈自動化以簡化合規性報告。為了加強去中心化的道路，該小組建議內部人士的鎖定期，使激勵措施與長期項目目標保持一致。

A Proactive Path While Broader Legislation Lags

一條積極的道路，而更廣泛的立法則滯後

With comprehensive crypto legislation still pending in Congress, the DEF believes a token safe harbor could act as a bridge solution—providing regulatory clarity without halting innovation.

由於國會仍在國會進行全面的加密立法，DEF認為，象徵性的安全港可以充當橋樑解決方案 - 提供監管清晰度而不會停止創新。

The organization’s proposal aims to equip the SEC with a flexible, principles-based model that supports the growth of the DeFi ecosystem.

該組織的建議旨在為SEC配備一種靈活的基於原則的模型，以支持Defi生態系統的增長。