SEC将模因硬币免于证券法规，澄清其身份

美国证券交易委员会（SEC）已正式表示，模因硬币不是证券，将其排除在联邦之外

The U.S. Securities and Exchange Commission (SEC) has officially stated that meme coins are not covered by federal securities regulations.

美国证券交易委员会（SEC）已正式指出，联邦证券法规不涵盖模因硬币。

This decision, announced by the SEC’s Division of Corporation Finance, clarifies the status of digital asset transactions in the context of federal securities. It excludes meme coins, such as SHIB and DOGE, from the definition of securities.

SEC公司财务部宣布的这一决定阐明了在联邦证券背景下数字资产交易的状况。它将模因硬币（例如什b和doge）排除在证券的定义之外。

The SEC’s statement explained that meme coins, which are bought for entertainment, social interaction, and cultural reasons, lack real use or functionality.

SEC的声明解释说，用于娱乐，社会互动和文化原因而购买的模因硬币缺乏真正的使用或功能。

The SEC said that meme coins do not involve any real-world function or business backing, so they do not meet the definition of securities under federal law.

SEC表示，模因硬币不涉及任何现实世界的功能或业务支持，因此它们不符合根据联邦法律的证券的定义。

“Transactions in the types of meme coins described in this statement do not involve the offer, sale, or purchase of any security,” the SEC said in its statement.

SEC在其声明中说：“本声明中描述的模因硬币类型的交易不涉及任何担保的要约，出售或购买。”

The SEC’s ruling is based on two main points. First, buyers of meme coins do not invest in a common enterprise. Developers or promoters of meme coins do not manage any funds to generate profits for investors.

SEC的裁决基于两个要点。首先，模因硬币的买家不投资共同的企业。模因硬币的开发商或发起人没有管理任何资金来为投资者创造利润。

Second, the profits that people make from meme coins come from speculative trading rather than efforts by a business or management team. The SEC noted that meme coin promoters do not undertake entrepreneurial or managerial activities that directly impact the value of the coins.

其次，人们从模因硬币中赚取的利润来自投机性交易，而不是企业或管理团队的努力。 SEC指出，模因硬币发起人不进行直接影响硬币​​价值的企业家或管理活动。

“Promoters of meme coins do not undertake any entrepreneurial or managerial activities that could be deemed to have a significant impact on the value of the coins,” the SEC said.

美国证券交易委员会说：“模因硬币的发起人不进行任何企业家或管理活动，这些活动可能被视为对硬币的价值产生重大影响。”

Key Provisions of Federal Securities Law

联邦证券法的关键规定

In addition, the SEC referred to key Sections 2(a)(1) and 3(a)(10) of the Securities Act of 1933 and Section 12 of the Securities Exchange Act of 1934, which define the term ‘security’.

此外，SEC提到了1933年《美国证券法》和1934年《证券交易法》第12条第2（a）（1）和第3条（a）（1）和第3（a）（10）节，该法则定义了“安全性”一词。

These provisions set forth the types of instruments and transactions that are covered by federal securities. According to these provisions, meme coins would not qualify as securities.

这些规定规定了联邦证券涵盖的工具和交易的类型。根据这些规定，模因硬币将不符合证券资格。

Since meme coins are not considered securities, they are not governed by federal securities protections. Buyers and sellers of meme coins cannot expect support from the SEC if they suffer losses from market crashes or failed projects.

由于模因硬币不被视为证券，因此不受联邦证券保护的管辖。 Meme Coins的买卖双方，如果他们因市场崩溃或项目失败而遭受损失，则不能期望SEC的支持。

Notably, the SEC’s statement does not exempt meme coins from other consumer protection laws or regulations that may be relevant to their sale or use.

值得注意的是，SEC的声明不会将可能与其销售或使用相关的其他消费者保护法律或法规免除模因硬币。

The SEC’s Division of Corporation Finance provides advice to the public on the application of federal securities. It does not decide on the merits of any particular investment or recommend any investment strategy.

美国证券交易委员会（SEC）的公司财务部门向公众提供有关联邦证券的应用的建议。它没有决定任何特定投资的优点或建议任何投资策略。

The post U.S. SEC Excludes Meme Coins From Securities Regulations appeared first on Coin Edition.

美国证券交易委员会（Post US SEC）排除了来自证券法规的模因硬币，这是硬币版本的首先出现。