美國證券交易委員會（SEC）正式裁定模因硬幣不是證券

美國證券交易委員會（SEC）週四正式裁定，模因硬幣不是證券，而是將它們比作收藏品。

The U.S. Securities and Exchange Commission (SEC) ruled on Thursday that transactions in the types of meme coins described in its statement, do not involve the offer and sale of securities under the federal securities law.

美國證券交易委員會（SEC）週四裁定，其聲明中描述的模因硬幣類型的交易不涉及《聯邦證券法》根據聯邦證券法的要約和銷售。

Key features of the SEC statement

SEC語句的主要功能

The SEC's reasoning for designating meme tokens as non-securities focus on the following aspects:

SEC將模因令牌指定為非安全性的原因集中在以下方面：

The agency provides this statement to clarify the application of the federal securities law to transactions in meme coins, which are typically sold in online platforms and are not subject to registration requirements.

該機構提供了此聲明，以闡明將《聯邦證券法》應用於模因硬幣中的交易，這些交易通常在在線平台中出售，並且不受註冊要求的約束。

The term “meme coin” is used in the industry to describe a type of cryptocurrency that is often named after a meme or internet cultural phenomenon.

行業中使用“模因硬幣”一詞來描述一種通常以模因或互聯網文化現象命名的加密貨幣。

The SEC's staff memo does not apply to coins that were not consistent with the descriptions mentioned in the statement.

SEC的員工備忘錄不適用於與聲明中提到的描述不一致的硬幣。

It also does not apply to products labeled as meme coins “in an effort to evade the application of the federal securities laws by disguising a product that otherwise would constitute a security.”

它也不適用於標記為模因硬幣的產品“為了通過掩蓋否則將構成安全性的產品來逃避聯邦證券法的應用。”

Meme coin sector – an innovation with much frustration

模因硬幣行業 - 一項令人沮喪的創新

The meme coin sector has a collective $56 billion market cap and has been down by over 8% in the last seven days.

模因硬幣行業的市值為560億美元，在過去的七天中下降了8％以上。

Scams have also been rampant across the segment, with many of the incidents being rug pulls, or projects that aggressively promote a token only to “rug” on investors after they've bagged gains from price surges.

騙局在整個細分市場中也猖ramp，許多事件是地毯拉力，或者在投資者從價格飆升中獲得收益後，積極地向投資者“地毯”的項目進行了積極的促進。

For instance, the team behind U.S. First Lady Melania Trump's Melania Meme (MELANIA) coin has dropped below $1 since its launch ahead of inauguration day last month.

例如，自上個月就職日之前推出以來，我們第一夫人梅拉尼亞·特朗普（Melania Trump）的梅拉尼亞·特朗普（Melania Trump）的梅拉尼亞·梅米（Melania）硬幣（Melania）硬幣下降了1美元。

Some people say investors who put their money on the meme asset were “scammed by the First Family.”

有人說，將錢投入模因資產上的投資者“被第一家庭騙了”。

The more recent incident that caught the world by storm was the launch of the LIBRA meme coin, which Argentine President Javier Milei initially said should help drive the country's economic growth.

最近造成世界的事件是天秤座模因硬幣的推出，阿根廷總統賈維爾·米利（Javier Milei）最初表示應該有助於推動該國的經濟增長。

Blockchain analytics firm Nansen recently dove deep into the token's launch, revealing how the meme coin surged to a staggering $4.55 billion market cap only to plunge to around $200 million in two days after Milei pulled support for the coin.

區塊鏈分析公司Nansen最近深深地涉足了令牌的發布，揭示了Meme硬幣如何飆升至驚人的45.5億美元市值，僅在Milei取消對硬幣的支持後的兩天內，兩天內就跌至約2億美元。

Most of the traders in the coin ended up with realized losses, compared to just a few winners who were able to take home millions before the meme coin plummeted.

硬幣中的大多數交易商最終都遭受了損失，而只有少數獲獎者能夠在模因硬幣下降之前將數百萬美元帶回家。