美國SEC州的模因硬幣不是證券

美國證券交易委員會（SEC）澄清說，模因硬幣不屬於聯邦證券法。

The U.S. Securities and Exchange Commission (SEC) has clarified that meme coins do not fall under federal securities laws.

美國證券交易委員會（SEC）澄清說，模因硬幣不屬於聯邦證券法。

In a statement on February 27, the SEC’s Division of Corporation Finance stated that meme coins do not qualify as securities.

美國證券交易委員會（SEC）的公司金融部在2月27日的一份聲明中指出，模因硬幣不符合證券資格。

“It is the Division’s view that transactions in the types of meme coins described in this statement do not involve the offer and sale of securities within the meaning of Section 2(a)(1) of the Securities Act or Section 3(a)(10) of the Exchange Act, and are not subject to the registration requirements of those Acts,” the statement said.

聲明說：“該部門的觀點是，本聲明中描述的模因硬幣類型的交易不涉及《證券法》第2（a）（1）條或《交換法》第3（a）（10）條的含義，並且不受這些法案的註冊要求的約束。”

The agency explained that meme coins do not provide any rights to future income, profits, or assets, which are covered by federal securities laws. It also noted that these digital assets do not generate yield and are primarily driven by market speculation and social trends.

該機構解釋說，模因硬幣不提供任何由聯邦證券法所涵蓋的未來收入，利潤或資產的權利。它還指出，這些數字資產不會產生產量，主要是由市場投機和社會趨勢驅動的。

“They are not typically sold to raise capital for an enterprise and do not offer any investment rights or privileges in accordance with Section 2(a)(1) of the Securities Act,” the SEC added.

SEC補充說：“它們通常不會出售以籌集企業的資本，並且不根據《證券法》的第2（a）（1）條提供任何投資權或特權。”

The agency clarified that since meme coins do not meet the definition of securities, their issuers and traders do not need to register transactions with the agency. The statement also emphasized that meme coin buyers and holders are not protected by securities laws.

該機構澄清說，由於Meme硬幣不符合證券的定義，因此發行人和交易者不需要向該機構註冊交易。聲明還強調，模因硬幣買家和持有人不受證券法的保護。

“Accordingly, the Division will not pursue any action to impose the federal securities laws on the transactions, offerings, or sales of such meme coins,” the agency concluded.

該機構總結說：“因此，該部門將不採取任何行動將聯邦證券法對此類模因硬幣的交易，產品或銷售施加。”

However, the SEC warned that fraudulent activities in this sector could still face legal consequences. The agency noted that while it does not regulate meme coins, other federal or state agencies may take action against deceptive practices.

但是，SEC警告說，該部門的欺詐活動仍然可能面臨法律後果。該機構指出，儘管它不規範模因硬幣，但其他聯邦或州機構可能會針對欺騙性做出行動。

“We understand that, in addition to our role in enforcing federal securities law, there are other federal and state statutes that may apply to the realm of digital assets and that may provide legal remedies for victims of fraud or other unlawful conduct,” said the SEC.

美國證券交易委員會說：“除了我們在執行聯邦證券法方面的作用外，還有其他聯邦和州法規可能適用於數字資產領域，並且可能為欺詐或其他非法行為的受害者提供法律補救措施。”

Khurram Dara, a lawyer at Bain Capital Crypto, pointed out that misleading promotions, scams, and fraudulent schemes involving meme coins could still be prosecuted.

貝恩資本加密（Bain Capital Crypto）的律師庫拉姆·達拉（Khurram Dara）指出，涉及模因硬幣的誤導性促銷，騙局和欺詐性計劃仍然可以受到起訴。

The agency also stated that it would continue to monitor the crypto market for any potential violations of financial regulations.

該機構還表示，它將繼續監視加密貨幣市場的任何潛在違反金融法規。

“The offer and sale of meme coins do not involve an investment in an enterprise nor is it undertaken with a reasonable expectation of profits to be derived from the entrepreneurial or managerial efforts of others,” the agency added.

該機構補充說：“模因硬幣的要約和銷售不涉及對企業的投資，也不涉及合理期望從他人的企業家或管理工作中獲得利潤的合理期望。”

House Democrats had announced plans to introduce the Modern Emoluments and Malfeasance Enforcement (MEME) Act, which would restrict politicians from launching or endorsing meme coins.

眾議院民主黨人宣布了計劃介紹現代埃默爾和瀆職執法（MEME）法案，該法案將限制政客發起或認可模因硬幣。

Announcing the plans for the bill on Tuesday, California Representative Sam Liccardo said the legislation aims to stop political figures from profiting off meme coins.

加利福尼亞州代表薩姆·利卡多（Sam Liccardo）週二宣布該法案計劃，該立法旨在阻止政治人物從中獲利。

The move comes after former President Donald Trump launched a meme coin named “TRUMP” shortly before announcing his 2024 presidential bid.

此舉是在前總統唐納德·特朗普（Donald Trump）在宣布2024年總統競標之前發起了一個名為“特朗普”的模因硬幣。

The meme coin, which began trading in August, saw rapid gains and reached a high of $0.00088 in mid-September. However, the token has experienced a sharp decline in recent months and is currently trading at around $0.00038.

模因硬幣於8月開始交易，在9月中旬迅速增長，達到了0.00088美元的高價。但是，該令牌最近幾個月的急劇下降，目前的交易價格約為0.00038美元。

Having lost more than 50% of its value in the past month, the TRUMP token is now trading at nearly half the price it reached in September.

在過去一個月中損失了其價值的50％以上，特朗普代幣現在的交易價格近是9月達到的一半。

The market reaction to the former president’s meme coin has led to concerns about political figures using meme coins for financial gain.

市場對前總統的模因硬幣的反應引起了人們對使用模因硬幣進行經濟利益的政治人物的擔憂。