Coinbase 请求上诉法院裁定数字代币交易不属于联邦证券法的范围

据彭博社法律报道，该公司将此案定位为解决加密行业监管不确定性的关键。

Coinbase has formally requested that the US Court of Appeals for the Second Circuit decide whether digital token trades on its platform are subject to federal securities law.

Coinbase 已正式请求美国第二巡回上诉法院裁定其平台上的数字代币交易是否受联邦证券法管辖。

The company highlighted the importance of the case in resolving regulatory uncertainty within the crypto industry.

该公司强调了此案对于解决加密行业监管不确定性的重要性。

In its January 21 petition, Coinbase argued that the trades on its platform should not be classified as securities transactions, emphasizing that they constitute asset sales rather than investment contracts, Bloomberg Law reported.

据彭博社报道，Coinbase 在 1 月 21 日的请愿书中辩称，其平台上的交易不应被归类为证券交易，并强调它们构成资产销售而不是投资合同。

The company further stated that anonymous parties exchange tokens without creating any obligations beyond the immediate transaction.

该公司进一步表示，匿名方交换代币不会产生除即时交易之外的任何义务。

This interpretation challenges the application of the Howey test, a 1946 standard for identifying investment contracts, to the trades in question.

这种解释对 Howey 测试（1946 年用于识别投资合同的标准）在相关交易中的应用提出了挑战。

The petition follows the US District Court for the Southern District of New York’s approval of an interlocutory appeal on the matter.

该请愿书是在美国纽约南区地方法院批准就此事提出中间上诉之后提出的。

Judge Katherine Polk Failla described the Howey question as a “difficult issue of first impression” for the Second Circuit.

法官凯瑟琳·波尔克·法伊拉 (Katherine Polk Failla) 将豪伊问题描述为第二巡回法院的“第一印象难题”。

The SEC filed a lawsuit against Coinbase in June 2023, alleging that the company operated as an unregistered securities exchange, broker, and clearing agency.

美国证券交易委员会 (SEC) 于 2023 年 6 月对 Coinbase 提起诉讼，指控该公司作为未注册的证券交易所、经纪人和清算机构运营。