Solana基礎設施項目Jito聲稱其協議的旗艦令牌Jitosol不是安全性。

一個加密項目將認為其24億美元的資產這一資金並不令人驚訝。更有趣的是：Jito發表意見的一種公共方法。

Solana infrastructure project Jito on Tuesday claimed its protocol’s flagship token, JitoSOL, is not a security.

Solana基礎設施項目Jito週二聲稱其協議的旗艦令牌Jitosol不是安全性。

That a crypto project would believe such a thing of its $2.4 billion asset is hardly surprising. More interesting: the very public method with which Jito delivered its opinion.

一個加密項目將認為其24億美元的資產這一資金並不令人驚訝。更有趣的是：Jito發表意見的一種公共方法。

Jito Foundation’s new “Securities Classification Report” explains in 24 footnoted pages precisely why JitoSOL is not, cannot and will not fall under SEC oversight. It’s the kind of inside baseball perspective that crypto lawyers often prepare for their clients, but seldom for public consumption.

Jito Foundation的新“證券分類報告”在24個腳註頁中解釋了為什麼Jitosol不在，不能也不會受到SEC的監督。這是加密律師經常為客戶做準備的內部棒球視角，但很少供公眾消費。

Trump’s embrace of crypto emboldened Jito to say in public what they already thought behind closed doors, people at Jito Labs – the company building the widely-used piece of Solana infrastructure – told CoinDesk. The project’s Swiss-based Jito Foundation drafted and released its own report to encourage other industry players to do the same.

特朗普對加密貨幣的擁抱使Jito在公開場合說，他們已經在封閉的後面想到了什麼，該公司（該公司建造了廣泛使用的Solana基礎設施部分）告訴Coindesk。該項目位於瑞士的Jito基金會起草並發布了自己的報告，以鼓勵其他行業參與者也這樣做。

“There's a lot of optimism right now from builders, and more willingness to try to work with regulators to create better rules for builders,” said Jito Labs CEO Lucas Bruder.

Jito Labs首席執行官Lucas Bruder說：“建築商現在有很多樂觀情緒，更願意與監管機構合作為建築商創建更好的規則。”

Now the agency is pulling back, dropping high-profile lawsuits that questioned the regulatory status of many hotly contested corners of crypto – including liquid staking tokens.

現在，該機構正在退縮，放棄了備受矚目的訴訟，質疑許多激烈的加密貨幣角落的監管狀況 - 包括液體藏匿令牌。

LSTs are a sort of depository receipt that let people access the value of assets (usually ETH or SOL) that they locked up in staking contracts, where those assets contribute to a blockchain network’s security and also earn staking rewards.

LST是一種存款收據，可讓人們獲得他們在存放合同中鎖定的資產價值（通常是ETH或SOL）的價值，這些資產有助於區塊鍊網絡的安全性並贏得了Stage Rewards。

The sub-industry has exploded in prominence across crypto’s staking blockchains. Ethereum is host to $26 billion of LSTs, while Solana boasts a more modest $6 billion. Jito’s is the largest Solana LST by more than double the value of the runner-up.

該子行業在加密蛋糕的堆積區塊中爆發了突出。以太坊的LST持有至260億美元的LST，而Solana擁有更少的60億美元。 Jito是最大的Solana LST，其價值是亞軍的兩倍以上。

The SEC never accused Jito of breaking U.S. law, nor did it so much as talk to the project’s backers in years past, people at Jito Labs told CoinDesk. But the new administration’s new look regulator opened the door for a newly aggressive Jito: founder Lucas Bruder met with the crypto task force in early February to discuss staking.

Jito Labs的人們告訴Coindesk，SEC從未指責Jito違反了美國法律，也沒有像過去幾年那樣與該項目的支持者交談。但是，新政府的新外觀監管機構為新的激進的吉托打開了大門：創始人盧卡斯·布魯德（Lucas Bruder）於2月初與加密貨幣特遣隊會面，討論了Staking。

The new classification report compares JitoSOL against the well-known Howey Test, a legal framework for determining whether an asset is an investment contract, and therefore a security. Among its main points: the program that issues JitoSOL operates independently atop a blockchain.

新的分類報告將Jitosol與著名的Howey測試進行了比較，這是確定資產是否為投資合同的法律框架，因此是安全性。其要點包括：發行Jitosol的程序在區塊鏈上獨立運行。

"The most important takeaway is this is pure technology," said Rebecca Rettig, Jito Labs' legal counsel.

Jito Labs的法律顧問Rebecca Rettig說：“最重要的要點是純技術。”

But the report also delves beyond staid securities laws to touch on the pro-crypto vibes emanating from the White House. In one section it invokes his executive order on making the U.S.A. the global crypto capital.

但是，該報告還深入研究了超越保證的證券法，以涉及白宮發出的親克萊普特的共鳴。在一個部分中，它援引了他的行政命令，以使美國成為全球加密資本。

"The consequence of applying federal securities law and regulation as they currently stand to liquid-staking solutions would be to render them unavailable by regulating them out of existence, contrary to the goals of the Executive Order," the report said.

該報告說：“與目前建立流動性解決方案相比，應用聯邦證券法和法規的結果是，與行政命令的目標相反，它們無法通過規範它們來使其無法使用。”