美國證券交易委員會（SEC）在對區塊鏈遊戲項目的監管審查方面邁出了重要一步

美國證券交易委員會（SEC）發布了 Wells 監管令，在對區塊鏈遊戲項目的監管審查方面邁出了重要一步

The United States Securities and Exchange Commission (SEC) is reportedly preparing to sue NFT game platform CyberKongz over allegations that it failed to register its utility token, $BANANA, as a security, according to a recent post by CyberKongz on X (formerly Twitter).

根據Cyber​​Kongz 最近在X（前身為Twitter）上發布的貼文稱，美國證券交易委員會(SEC) 正準備起訴NFT 遊戲平台Cyber​​Kongz，指控其未能將其實用代幣$BANANA 註冊為證券。

This development comes amid growing tensions between blockchain innovators and federal regulators over the intersection of NFTs, utility tokens, and securities laws. Previously, the SEC has taken several enforcement actions against NFT projects, including Dapper Labs, which settled with the SEC over allegations that its Moments NFTs were unregistered securities.

這項發展正值區塊鏈創新者與聯邦監管機構之間因 NFT、實用代幣和證券法的交叉問題日益緊張之際。此前，SEC 已針對 NFT 項目採取了多項執法行動，其中包括 Dapper Labs，該公司因其 Moments NFT 為未註冊證券的指控而與 SEC 達成和解。

CyberKongz, known for its pixelated NFT gorillas and unique tokenomics, began as a collection of 1000, 34×34 Genesis Kongz NFTs. Each Genesis Kong produces 10 $BANANA daily until March 18th, 2031, totaling 36,500,000 $BANANA over 10 years. Notably, the project introduced and popularized innovative NFT mechanics, such as breeding and Babies, which are integral to its ecosystem.

Cyber​​Kongz 以其像素化 NFT 大猩猩和獨特的代幣經濟學而聞名，最初是 1000 個 34×34 Genesis Kongz NFT 的集合。每個 Genesis Kong 每天生產 10 $BANANA，直到 2031 年 3 月 18 日為止，10 年內總計生產 36,500,000 $BANANA。值得注意的是，該計畫引入並推廣了創新的 NFT 機制，例如繁殖和嬰兒，這是其生態系統不可或缺的一部分。

According to CyberKongz, the SEC’s Division of Enforcement approached the project with a concerning message: Register the ERC-20 token in your blockchain game together with the NFTs as a security.

根據 Cyber​​Kongz 報道，SEC 執法部門向該專案發出了一條令人擔憂的消息：將 ERC-20 代幣與 NFT 一起註冊在區塊鏈遊戲中作為證券。

A Wells notice is a formal notification indicating the SEC’s intention to consider enforcement actions based on its findings. Recipients typically have 30 days to respond to the notice, after which the SEC may decide to pursue formal charges. In this case, CyberKongz has warned that this action could have far-reaching implications for the blockchain gaming industry, particularly for projects that integrate NFTs with utility tokens.

Wells 通知是一份正式通知，表明 SEC 打算根據其調查結果考慮採取執法行動。接收者通常有 30 天的時間對通知做出回應，之後 SEC 可能會決定提出正式指控。在這種情況下，Cyber​​Kongz 警告稱，這項行動可能會對區塊鏈遊戲產業產生深遠影響，特別是對於將 NFT 與實用代幣整合的項目。

CyberKongz began as a unique and randomly generate collection of 1000, 34×34 pixelated NFT gorillas now known as the Genesis Collection. CyberKongz were the first to introduce and popularize a number of innovative NFT mechanics, such as unique tokenomics for their utility token $BANANA, which led to breeding and Babies. Each Genesis Kong produces 10 $BANANA every day until March 18th 2031. The total $BANANA produced for entire collection over the 10 year contract is 36,500,000 $BANANA. Anyone who holds any two Genesis Kongz in their wallet and burn 600 $BANANA receives an incubator to breed a baby. Each baby is unique and owns randomized items with different rarities. The project features many other creative aspects as well.

Cyber​​Kongz 最初是一個獨特的隨機生成的集合，包含 1000 個 34×34 像素化 NFT 大猩猩，現在稱為 Genesis Collection。 Cyber​​Kongz 是第一個引入並推廣許多創新 NFT 機制的公司，例如其實用代幣 $BANANA 的獨特代幣經濟學，這導致了繁殖和嬰兒的誕生。每個 Genesis Kong 每天生產 10 $BANANA，直到 2031 年 3 月 18 日。任何人在錢包裡持有任何兩個 Genesis Kongz 並燃燒 600 $BANANA 即可獲得一個孵化器來繁殖嬰兒。每個嬰兒都是獨一無二的，並擁有不同稀有度的隨機物品。該項目還具有許多其他創意方面。

According to its website: “CyberKongz is driven by community, utility, and of course the main life source of any ape, $BANANA! $BANANA is the utility token that fuels the CyberKongz ecosystem. It is NOT an investment and has NO economic value.”

根據其網站：「Cyber​​Kongz 是由社區、實用性以及所有猿類的主要生命來源 $BANANA 驅動的！ $BANANA 是為 Cyber​​Kongz 生態系統提供動力的實用代幣。它不是一項投資，也沒有經濟價值。

Of course the SEC does not place much emphasis on disclaimers such as this. Rather, it focuses on the totality of the facts and circumstances and the economic realities of any tokens.

當然，SEC 並不太重視這類免責聲明。相反，它關注的是事實和情況的整體以及任何代幣的經濟現實。

In its response to the SEC, CyberKongz signaled its intention to challenge the agency’s position and criticized the SEC for what it described as a “complete lack of understanding of blockchain technologies,” evidenced by “unjust accusations and information inaccuracies” in its engagement with the blockchain space. Furthermore, CyberKongz highlighted the significance of defending against the SEC’s stance for the benefit of the wider blockchain gaming ecosystem.

在對SEC 的回應中，Cyber​​Kongz 表示有意挑戰該機構的立場，並批評SEC 所謂“對區塊鏈技術完全缺乏了解”，其在與SEC 接觸時的“不公正指控和資訊不准確”就證明了這一點。此外，Cyber​​Kongz 強調了為了更廣泛的區塊鏈遊戲生態系統的利益而捍衛 SEC 立場的重要性。

The CyberKongz Wells notice highlights the challenges faced by blockchain projects as they navigate the SEC’s evolving approach to enforcement. If the SEC's position is upheld, it could set a precedent where NFT gaming platforms that incorporate utility tokens must register those tokens as securities.

Cyber​​Kongz Wells 的通知強調了區塊鏈專案在應對 SEC 不斷發展的執法方法時所面臨的挑戰。如果 SEC 的立場得到維持，它可能會開創先例，包含實用代幣的 NFT 遊戲平台必須將這些代幣註冊為證券。

In related news, the Consumer Financial Protection Bureau published a report on Banking in Video Games and Virtual Worlds, warning of increased scrutiny and enforcement of financial services in games that mimic traditional banking and payment systems, while another federal regulator is keeping an eye on blockchain gaming. For more on the report, see our analysis here.

在相關新聞中，消費者金融保護局發布了一份關於視頻遊戲和虛擬世界銀行業務的報告，警告稱，對模仿傳統銀行和支付系統的遊戲中的金融服務將加強審查和執法，而另一家聯邦監管機構正在密切關注區塊鏈賭博。有關該報告的更多信息，請參閱我們的分析。

As the battle between CyberKongz and the SEC unfolds, the case is likely to draw significant attention from the blockchain community, regulators, and legal experts alike. For now, CyberKongz prepares to defend its project and principles in what could be a pivotal case for the blockchain gaming sector.

隨著 Cyber​​Kongz 和 SEC 之間的鬥爭展開，此案可能會引起區塊鏈社群、監管機構和法律專家等的高度關注。目前，Cyber​​Kongz 準備捍衛其項目和原則，這可能是區塊鏈遊戲產業的關鍵案例。

Blockchain gaming companies that have concerns about whether NFTs they have issued or plan to issue implicate securities laws should seek advice from a knowledgeable attorney, based on the specific facts of their offering. In some cases, certain actions can be taken to minimize the risk of an enforcement.

如果區塊鏈遊戲公司擔心其已發行或計劃發行的 NFT 是否涉及證券法，則應根據其產品的具體事實尋求知識淵博的律師的建議。在某些情況下，可以採取某些措施來最大限度地降低強制執行的風險。