Defi教育基金敦促SEC建立令牌安全港框架

Defi教育基金（DEF）正式敦促美国证券交易委员会（SEC）采用“代币安全港”框架

The DeFi Education Fund (DEF) has penned a letter to the U.S. Securities and Exchange Commission (SEC), urging the financial watchdog to adopt a "token safe harbor" framework.

Defi教育基金（DEF）已写信给美国证券交易委员会（SEC），敦促金融监管机构采用“代币安全港”框架。

The framework would offer time-limited regulatory relief to token projects that are aiming to achieve decentralization. In the letter, seen by Blockworks and dated April 18, DEF highlighted five core principles for crafting a balanced approach that encourages innovation.

该框架将为旨在实现权力下放的代币项目提供时限的监管救济。 DEF在Blockworks和日期为4月18日的信中，强调了五个核心原则，用于制定鼓励创新的平衡方法。

“As the U.S. Congress continues to deliberate on broader legislation for digital assets, the SEC can play a pivotal role in providing much-needed regulatory clarity and support for the development of the DeFi ecosystem,” DEF said.

DEF说：“随着美国国会继续审议更广泛的数字资产立法，SEC可以在提供急需的监管清晰度和支持Defi生态系统的发展方面发挥关键作用。”

The initiative proposes a structured, temporary exemption that would allow projects to develop toward decentralization without being classified as securities. This status triggers an obligation for projects to register with the SEC, which can be a lengthy and complex process.

该倡议提出了一种结构化的临时豁免，该豁免将允许项目发展为权力下放，而无需归类为证券。此状态触发了项目向SEC注册的义务，这可能是一个漫长而复杂的过程。

The deferral would buy projects time to decentralize and would ultimately create an avenue for projects to launch in the U.S. without needing to apply for an exemption.

延期将为分散的项目购买时间，并最终为在美国推出的项目创建途径而无需申请豁免。

Five Key Principles for Token Safe Harbor Framework

令牌安全港框架的五个关键原则

DEF recommends the SEC adopts a technology-agnostic approach. Instead of designing rules around specific blockchain architectures or consensus mechanisms, the framework should focus on the risk profile of activities.

DEF建议SEC采用技术反应方法。该框架不是围绕特定区块链体系结构或共识机制设计规则，而应关注活动的风险概况。

“Favoring certain technologies could inadvertently stifle innovation and limit the future flexibility of the regulatory framework,” DEF said.

Def说：“偏爱某些技术可以无意中扼杀创新，并限制监管框架的未来灵活性。”

The group also highlighted the need for broad eligibility. The safe harbor should extend not only to newly launched tokens but also to already-distributed tokens that are still progressing toward their decentralization goals.

该小组还强调了需要广泛资格的必要性。安全港不仅应该扩展到新推出的代币，而且还应扩展到已经分布的代币，这些代币仍在朝着权力下放的目标发展。

This would ensure that early-stage projects aren't excluded from future compliance opportunities simply due to timing.

这将确保仅仅由于时间安排而不会将早期项目排除在未来的合规机会之外。

On the issue of transparency, DEF proposed a set of disclosure requirements tailored to the realities of early-stage teams. These would include:

关于透明度的问题，DEF提出了一套针对早期团队现实量身定制的披露要求。这些包括：

DEF also called for ongoing disclosures during the safe harbor period and proposed leveraging API integrations and blockchain automation to streamline compliance reporting. To reinforce the path toward decentralization, the group suggested lock-up periods for insiders, aligning incentives with long-term project goals.

DEF还呼吁在安全港期间进行持续的披露，并提议利用API集成和区块链自动化以简化合规性报告。为了加强去中心化的道路，该小组建议内部人士的锁定期，使激励措施与长期项目目标保持一致。

A Proactive Path While Broader Legislation Lags

一条积极的道路，而更广泛的立法则滞后

With comprehensive crypto legislation still pending in Congress, the DEF believes a token safe harbor could act as a bridge solution—providing regulatory clarity without halting innovation.

由于国会仍在国会进行全面的加密立法，DEF认为，象征性的安全港可以充当桥梁解决方案 - 提供监管清晰度而不会停止创新。

The organization’s proposal aims to equip the SEC with a flexible, principles-based model that supports the growth of the DeFi ecosystem.

该组织的建议旨在为SEC配备一种灵活的基于原则的模型，以支持Defi生态系统的增长。