SEC 向 NFT 項目 Cyber​​Kongz 發出 Wells 通知，表明存在潛在的證券違規行為

此舉標誌著對快速擴張的 NFT 市場正在進行的監管審查的一個重要時刻，並引發了對其法律地位的質疑

The U.S. Securities and Exchange Commission (SEC) has reportedly issued a Wells Notice to the NFT project CyberKongz over potential securities violations, marking a significant development in the ongoing regulatory scrutiny of the rapidly expanding NFT market.

據報道，美國證券交易委員會（SEC）已向 NFT 項目 Cyber​​Kongz 就潛在的證券違規行為發出了威爾斯通知，標誌著對快速擴張的 NFT 市場正在進行的監管審查取得了重大進展。

According to legal experts, a Wells Notice is a formal communication from the SEC to a company or individual, informing them that the agency has conducted an investigation and found sufficient evidence to bring an enforcement action. In this case, the SEC’s Wells Notice to CyberKongz highlights its concerns that the project may be violating securities laws through the way it operates and offers its NFT assets to the public.

法律專家表示，威爾斯通知是 SEC 向公司或個人發出的正式通知，通知他們該機構已進行調查並找到足夠的證據來採取執法行動。在這種情況下，SEC 向 Cyber​​Kongz 發出的 Wells 通知強調了其對該項目的運作方式以及向公眾提供 NFT 資產的方式可能違反證券法的擔憂。

The issuance of the Wells Notice does not guarantee that charges will be filed. Instead, it serves as a warning and provides the recipients with an opportunity to respond, present their case, and potentially avoid legal action. If the SEC decides to pursue charges, the outcome could lead to penalties, fines, or other enforcement actions that could have significant implications for the project and its creators.

威爾斯通知的發布並不保證一定會提出指控。相反，它充當警告，並為接收者提供回應、陳述案件並可能避免法律訴訟的機會。如果 SEC 決定提出指控，結果可能會導致處罰、罰款或其他執法行動，這可能會對專案及其創建者產生重大影響。

CyberKongz is a popular NFT collection consisting of digitally-created, animated, and uniquely designed apes, each with its own distinct traits and rarity. The project has gained a strong following in the NFT space, with its digital art attracting collectors, traders, and investors. The collection features a variety of special traits, including the ability for holders to receive passive income through “banana” tokens, which are generated over time by holding the NFTs.

Cyber​​Kongz 是一個受歡迎的 NFT 系列，由數位創作、動畫且設計獨特的猿類組成，每隻猿類都有其獨特的特徵和稀有性。該項目在 NFT 領域贏得了許多追隨者，其數位藝術吸引了收藏家、交易商和投資者。該集合具有多種特殊特徵，包括持有者能夠透過「香蕉」代幣獲得被動收入，這些代幣是透過持有 NFT 隨著時間的推移而產生的。

This play-to-earn element, which allows CyberKongz holders to receive a form of passive rewards, has led the SEC to examine whether these assets are being marketed as securities. The commission’s focus on such “staking” or reward-based structures is a continuation of its broader investigation into whether certain digital assets, including NFTs, meet the criteria of securities under U.S. law.

這種「邊玩邊賺」的元素允許 Cyber​​Kongz 持有者獲得某種形式的被動獎勵，這促使 SEC 審查這些資產是否作為證券進行行銷。該委員會對此類「質押」或基於獎勵的結構的關注是其更廣泛調查的延續，該調查涉及包括 NFT 在內的某些數位資產是否符合美國法律規定的證券標準。

The SEC’s potential concern with CyberKongz revolves around whether the NFTs are being offered as part of an investment scheme that falls under the definition of a security. According to U.S. securities laws, an asset is considered a security if it is marketed with the expectation of profit primarily from the efforts of others. The SEC has increasingly scrutinized NFT projects that offer income-generating incentives, as these could be interpreted as investment contracts subject to federal securities regulations.

SEC 對 Cyber​​Kongz 的潛在擔憂圍繞著 NFT 是否作為屬於證券定義的投資計劃的一部分提供。根據美國證券法，如果一項資產的銷售預期主要來自他人的努力，則該資產被視為證券。 SEC 越來越多地審查提供創收激勵的 NFT 項目，因為這些項目可能被解釋為受聯邦證券法規約束的投資合約。

For CyberKongz, the “banana” token rewards provided to NFT holders may be a key factor in the SEC’s decision to issue the Wells Notice. If the rewards are seen as a form of passive income, the SEC could view them as an investment contract, and the CyberKongz NFTs themselves could be classified as securities.

對於 Cyber​​Kongz 來說，向 NFT 持有者提供的「香蕉」代幣獎勵可能是 SEC 決定發布 Wells 通知的關鍵因素。如果獎勵被視為一種被動收入形式，那麼 SEC 可以將其視為投資合同，而 Cyber​​Kongz NFT 本身可以歸類為證券。

This development has broader implications for the entire NFT market, which has surged in popularity over the past few years. Sales of NFTs have reached millions of dollars across various platforms, but the regulatory landscape surrounding them has remained largely unclear. Many of these digital assets fall into a grey area between collectibles, digital art, and investment vehicles.

這一發展對整個 NFT 市場具有更廣泛的影響，該市場在過去幾年中人氣飆升。 NFT 在各個平台的銷售額已達到數百萬美元，但圍繞它們的監管環境在很大程度上仍不清楚。許多數位資產屬於收藏品、數位藝術和投資工具之間的灰色地帶。

This is where the SEC’s investigation into CyberKongz becomes particularly relevant. The agency is essentially examining how NFTs that offer rewards or staking mechanisms are treated under U.S. securities laws. If the SEC determines that CyberKongz is in violation of these regulations, it could set a precedent for how other NFT projects are handled moving forward.

這就是 SEC 對 Cyber​​Kongz 的調查變得特別重要的地方。該機構主要是在研究美國證券法如何處理提供獎勵或質押機制的 NFT。如果 SEC 認定 Cyber​​Kongz 違反了這些規定，它可能會為其他 NFT 項目的處理方式樹立先例。

NFT creators and platforms, especially those that include staking mechanisms or reward systems, may need to reassess their operations in light of this regulatory scrutiny. The outcome of the SEC’s investigation into CyberKongz could further shape the future of NFTs in the digital asset market.

NFT 的創建者和平台，尤其是那些包含質押機製或獎勵系統的創建者和平台，可能需要根據此監管審查重新評估其營運。 SEC 對 Cyber​​Kongz 的調查結果可能會進一步塑造 NFT 在數位資產市場的未來。

CyberKongz has been given the opportunity to respond to the SEC’s allegations and argue its case. The project’s creators could present legal arguments challenging the classification of its NFTs as securities or work with the SEC to find a resolution. If the SEC moves forward with enforcement, CyberKongz could face fines, penalties, or other regulatory actions that could impact its future.

Cyber​​Kongz 有機會回應 SEC 的指控並為其辯護。該專案的創建者可以提出法律論點，質疑其 NFT 是否屬於證券，或與 SEC 合作尋找解決方案。如果 SEC 繼續執法，Cyber​​Kongz 可能會面臨罰款、處罰或其他可能影響其未來的監管行動。

This case also highlights the need for clearer regulatory frameworks around NFTs. While the SEC has provided some guidance on what constitutes a security in the context of digital assets, the specific application of these rules to NFTs remains uncertain. As the NFT space continues to grow, other projects may find themselves under similar scrutiny from regulators, further shaping the future of the market.

該案例也凸顯了圍繞 NFT 建立更清晰的監管框架的必要性。儘管 SEC 就數位資產中證券的組成提供了一些指導，但這些規則對 NFT 的具體應用仍不確定。隨著 NFT 領域的不斷增長，其他項目可能會發現自己受到監管機構的類似審查，從而進一步塑造市場的未來。

The SEC’s Wells Notice to CyberKongz is a pivotal moment in the ongoing debate over the regulatory treatment of NFTs. As the SEC investigates potential securities violations, the outcome of this case could have far-reaching implications for other NFT projects, particularly those offering rewards or staking mechanisms. With the NFT market continuing to evolve, it is clear that regulatory clarity is needed to ensure the long-term growth and legitimacy of the space. The CyberKongz case serves as a reminder of the evolving intersection between blockchain technology and securities laws, and it is likely that further developments will continue to shape the legal landscape for NFTs in the coming months.

SEC 向 Cyber​​Kongz 發出的 Wells 通知是有關 NFT 監管處理的持續爭論的關鍵時刻。隨著 SEC 調查潛在的證券違規行為，此案的結果可能會對其他 NFT 項目產生深遠的影響，特別是那些提供獎勵或質押機制的項目。隨著 NFT 市場的不斷發展，顯然需要明確的監管來確保該領域的長期成長和合法性。 Cyber​​Kongz 案提醒人們區塊鏈技術和證券法之間不斷發展的交叉點，未來幾個月，進一步的發展很可能將繼續塑造 NFT 的法律格局。