SEC將模因硬幣排除在證券分類之外，聲稱它們沒有價值

美國證券交易所（SEC）委員會於2月27日在公司融資司任職於2月27日，宣布Meme硬幣不是證券，聲稱其沒有任何基本價值或職能。

The U.S. Securities and Exchange (SEC) Commission has announced that meme coins are not securities, according to a report by CCN.

根據CCN的報告，美國證券交易所（SEC）委員會已宣布模因硬幣不是證券。

The Division of Corporate Finance at the SEC stated that meme coins don't have any underlying value or function, rendering them distinct from traditional securities. However, SEC Commissioner Caroline Crenshaw expressed disagreement with this conclusion.

SEC的公司融資部表明，模因硬幣沒有任何基本價值或功能，使它們與傳統證券不同。但是，SEC專員卡羅琳·克倫肖（Caroline Crenshaw）對這一結論表示了分歧。

Crenshaw, a Democrat, argued that the agency is overstepping its jurisdiction and should not exclude meme coins from SEC oversight. She further contends that the SEC has not provided an adequate definition of a meme coin, let alone made an argument for rejecting them as securities.

民主黨人克倫肖（Crenshaw）辯稱，該機構正在超越其管轄權，不應將模因硬幣排除在SEC監督之外。她進一步辯稱，SEC尚未提供對模因硬幣的適當定義，更不用說拒絕其作為證券的論點了。

"The guidance offers no clear definition," remarked Crenshaw, "from law or even a basic dictionary. It generally describes a meme coin as an asset reflective of online or social trends, of speculative value, that tends to experience high volatility. But these are near universal hallmarks of crypto assets."

克倫肖（Crenshaw）說：“該指南沒有明確的定義，“法律甚至是基本詞典。它通常將模因硬幣描述為反映在線或社會趨勢的資產，具有投機性價值，往往會經歷高波動性。但是，這些依據是加密貨幣資產的普遍標誌。”

The Division of Corporate Finance reasoned that meme coins are mainly driven by speculation, trends, and social media promotion, while traditional securities like stocks and bonds are driven by part ownership in a company and income derived from dividends. The division also expressed concern over the criminal element surrounding meme coins, requiring other agencies, rather than the SEC, to monitor such issues.

公司財務部門認為，模因硬幣主要是由投機，趨勢和社交媒體促進驅動的，而股票和債券（如股票和債券）的驅動是由公司的一部分所有權和股息獲得的收入所驅動的。該部門還對圍繞模因硬幣的犯罪要素表示關注，這些犯罪要素要求其他機構而不是SEC來監視此類問題。

Meme coins are cryptocurrencies that were created as internet memes or jokes. They are typically spread through social media as trends, and they fundamentally hold no real-world value. Owners usually buy meme coins for fun or speculation.

模因硬幣是作為互聯網模因或笑話創建的加密貨幣。它們通常會通過社交媒體作為趨勢傳播，並且從根本上沒有現實世界的價值。業主通常會購買模因硬幣以進行娛樂或猜測。

"In this regard, meme coins are akin to collectibles," stated the SEC division, adding that they have "limited or no use or functionality."

SEC部門說：“在這方面，模因硬幣類似於收藏品。”他補充說，它們“有限或沒有用途或功能”。

"Given the speculative nature of meme coins, they tend to experience significant market price volatility, and often are accompanied by statements regarding their risks and lack of utility, other than for entertainment or other non-functional purposes."

“鑑於模因硬幣的投機性質，除了出於娛樂或其他非功能目的外，它們往往會經歷大量的市場價格波動，並且經常伴隨著有關其風險和缺乏效用的陳述。”

Recent examples of meme coins include $TRUMP and $MELANIA tokens, which were inspired by the Trump presidential campaign. These tokens aim to take advantage of the recent hype surrounding U.S. politics, but they only serve to highlight the absurdity of the concept, as they hold no intrinsic value.

最近的模因硬幣的例子包括$ trump和$ melania代幣，這是受特朗普總統競選活動的啟發。這些代幣的目的是利用圍繞美國政治的最近炒作，但它們只能強調概念的荒謬性，因為它們沒有內在的價值。

Since the concept began, there has been an explosion of meme coins. The tokens often have no underlying value and are of little use as cryptocurrencies. In this respect, they do seem to resemble trading cards or other types of collectibles.

自從概念開始以來，模因硬幣就爆炸了。令牌通常沒有基本價值，幾乎沒有用作加密貨幣。在這方面，它們似乎確實類似於交易卡或其他類型的收藏品。

The SEC's announcement comes as politicians are trying to introduce regulations against creating meme coins. Californian politician Sam Liccardo is aiming to prevent elected officials from launching or promoting meme coins. The move is in response to the Trump token, which oscillated wildly and could be used by politicians to enrich themselves and defraud the public.

SEC的宣布是因為政客試圖提出反對製作模因硬幣的法規。加利福尼亞政治家薩姆·利卡多（Sam Liccardo）的目標是防止當選官員推出或推廣模因硬幣。此舉是為了回應特朗普的代幣，該代幣震撼人心，政客可以用來豐富自己和欺騙公眾。