SEC將模因硬幣免於證券法規，澄清其身份

美國證券交易委員會（SEC）已正式表示，模因硬幣不是證券，將其排除在聯邦之外

The U.S. Securities and Exchange Commission (SEC) has officially stated that meme coins are not covered by federal securities regulations.

美國證券交易委員會（SEC）已正式指出，聯邦證券法規不涵蓋模因硬幣。

This decision, announced by the SEC’s Division of Corporation Finance, clarifies the status of digital asset transactions in the context of federal securities. It excludes meme coins, such as SHIB and DOGE, from the definition of securities.

SEC公司財務部宣布的這一決定闡明了在聯邦證券背景下數字資產交易的狀況。它將模因硬幣（例如什b和doge）排除在證券的定義之外。

The SEC’s statement explained that meme coins, which are bought for entertainment, social interaction, and cultural reasons, lack real use or functionality.

SEC的聲明解釋說，用於娛樂，社會互動和文化原因而購買的模因硬幣缺乏真正的使用或功能。

The SEC said that meme coins do not involve any real-world function or business backing, so they do not meet the definition of securities under federal law.

SEC表示，模因硬幣不涉及任何現實世界的功能或業務支持，因此它們不符合根據聯邦法律的證券的定義。

“Transactions in the types of meme coins described in this statement do not involve the offer, sale, or purchase of any security,” the SEC said in its statement.

SEC在其聲明中說：“本聲明中描述的模因硬幣類型的交易不涉及任何擔保的要約，出售或購買。”

The SEC’s ruling is based on two main points. First, buyers of meme coins do not invest in a common enterprise. Developers or promoters of meme coins do not manage any funds to generate profits for investors.

SEC的裁決基於兩個要點。首先，模因硬幣的買家不投資共同的企業。模因硬幣的開發商或發起人沒有管理任何資金來為投資者創造利潤。

Second, the profits that people make from meme coins come from speculative trading rather than efforts by a business or management team. The SEC noted that meme coin promoters do not undertake entrepreneurial or managerial activities that directly impact the value of the coins.

其次，人們從模因硬幣中賺取的利潤來自投機性交易，而不是企業或管理團隊的努力。 SEC指出，模因硬幣發起人不進行直接影響硬幣​​價值的企業家或管理活動。

“Promoters of meme coins do not undertake any entrepreneurial or managerial activities that could be deemed to have a significant impact on the value of the coins,” the SEC said.

美國證券交易委員會說：“模因硬幣的發起人不進行任何企業家或管理活動，這些活動可能被視為對硬幣的價值產生重大影響。”

Key Provisions of Federal Securities Law

聯邦證券法的關鍵規定

In addition, the SEC referred to key Sections 2(a)(1) and 3(a)(10) of the Securities Act of 1933 and Section 12 of the Securities Exchange Act of 1934, which define the term ‘security’.

此外，SEC提到了1933年《美國證券法》和1934年《證券交易法》第12條第2（a）（1）和第3條（a）（1）和第3（a）（10）節，該法則定義了“安全性”一詞。

These provisions set forth the types of instruments and transactions that are covered by federal securities. According to these provisions, meme coins would not qualify as securities.

這些規定規定了聯邦證券涵蓋的工具和交易的類型。根據這些規定，模因硬幣將不符合證券資格。

Since meme coins are not considered securities, they are not governed by federal securities protections. Buyers and sellers of meme coins cannot expect support from the SEC if they suffer losses from market crashes or failed projects.

由於模因硬幣不被視為證券，因此不受聯邦證券保護的管轄。 Meme Coins的買賣雙方，如果他們因市場崩潰或項目失敗而遭受損失，則不能期望SEC的支持。

Notably, the SEC’s statement does not exempt meme coins from other consumer protection laws or regulations that may be relevant to their sale or use.

值得注意的是，SEC的聲明不會將可能與其銷售或使用相關的其他消費者保護法律或法規免除模因硬幣。

The SEC’s Division of Corporation Finance provides advice to the public on the application of federal securities. It does not decide on the merits of any particular investment or recommend any investment strategy.

美國證券交易委員會（SEC）的公司財務部門向公眾提供有關聯邦證券的應用的建議。它沒有決定任何特定投資的優點或建議任何投資策略。

The post U.S. SEC Excludes Meme Coins From Securities Regulations appeared first on Coin Edition.

美國證券交易委員會（Post US SEC）排除了來自證券法規的模因硬幣，這是硬幣版本的首先出現。