SEC 針對 NFT 和實用代幣：Wells 向 Cyber​​Kongz 發出的通知

美國證券交易委員會 (SEC) 向 Cyber​​Kongz 發出 Wells 通知，在區塊鏈遊戲項目的監管審查方面邁出了重要一步

The U.S. Securities and Exchange Commission (SEC) has taken a significant step in its regulatory scrutiny of blockchain gaming projects by issuing a Wells notice to CyberKongz, a prominent NFT gaming platform. This development underscores growing tensions between blockchain innovators and federal regulators over the intersection of NFTs, utility tokens, and securities laws.

美國證券交易委員會（SEC）向著名的 NFT 遊戲平台 Cyber​​Kongz 發出 Wells 通知，在區塊鏈遊戲項目的監管審查方面邁出了重要一步。這一事態發展凸顯了區塊鏈創新者和聯邦監管機構之間在 NFT、實用代幣和證券法的交叉問題上日益緊張的關係。

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. CyberKongz 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。 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, which launched in 2021, is known for its collection of 1,000 34×34 pixelated NFT gorillas and its introduction of unique tokenomics for its utility token $BANANA, which is used for breeding and other game mechanics. Despite the project’s popularity and clear utility, the SEC appears to be taking issue with the offering of $BANANA in conjunction with the NFTs.

Cyber​​Kongz 於2021 年推出，以其收藏1,000 只34×34 像素化NFT 大猩猩而聞名，並為其實用代幣$BANANA 引入了獨特的代幣經濟學，該代幣用於繁殖和其他遊戲機制。儘管該項目很受歡迎且實用性也很明顯，但 SEC 似乎對 $BANANA 與 NFT 的結合提出了質疑。

According to CyberKongz’s website, “$BANANA is the utility token that fuels the CyberKongz ecosystem. It is not an investment and has no economic value.” However, as we have discussed in the past, the SEC does not place much emphasis on disclaimers such as this. Instead, it focuses on the totality of the facts and circumstances and the economic realities of any tokens.

根據 Cyber​​Kongz 的網站，「$BANANA 是為 Cyber​​Kongz 生態系統提供動力的實用代幣。它不是投資，沒有經濟價值。然而，正如我們過去所討論的，美國證券交易委員會並不太重視此類免責聲明。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, CyberKongz signaled its intention to challenge the SEC’s position. The project also criticized the SEC for what it described as a “complete lack of understanding of blockchain technologies,” citing “unjust accusations and information inaccuracies” that have plagued the agency’s engagement with the blockchain space. CyberKongz further stressed the importance of defending against the SEC’s stance for the benefit of the wider blockchain gaming ecosystem.

Cyber​​Kongz 在回應中表示有意挑戰 SEC 的立場。該項目還批評美國證券交易委員會“對區塊鏈技術完全缺乏了解”，並指出“不公正的指控和資訊不準確”一直困擾著該機構與區塊鏈領域的合作。 Cyber​​Kongz 進一步強調了為了更廣泛的區塊鏈遊戲生態系統的利益而抵制 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 requiring NFT gaming platforms that incorporate utility tokens to 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，要求包含實用代幣的 NFT 遊戲平台將這些代幣註冊為證券。

This development comes amid broader scrutiny of blockchain gaming by federal regulators. The Consumer Financial Protection Bureau recently 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.

這一發展是在聯邦監管機構對區塊鏈遊戲進行更廣泛審查的背景下發生的。消費者金融保護局最近發布了一份關於視頻遊戲和虛擬世界中的銀行業務的報告，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。

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。