美国SEC州的模因硬币不是证券

美国证券交易委员会（SEC）澄清说，模因硬币不属于联邦证券法。

The U.S. Securities and Exchange Commission (SEC) has clarified that meme coins do not fall under federal securities laws.

美国证券交易委员会（SEC）澄清说，模因硬币不属于联邦证券法。

In a statement on February 27, the SEC’s Division of Corporation Finance stated that meme coins do not qualify as securities.

美国证券交易委员会（SEC）的公司金融部在2月27日的一份声明中指出，模因硬币不符合证券资格。

“It is the Division’s view that transactions in the types of meme coins described in this statement do not involve the offer and sale of securities within the meaning of Section 2(a)(1) of the Securities Act or Section 3(a)(10) of the Exchange Act, and are not subject to the registration requirements of those Acts,” the statement said.

声明说：“该部门的观点是，本声明中描述的模因硬币类型的交易不涉及《证券法》第2（a）（1）条或《交换法》第3（a）（10）条的含义，并且不受这些法案的注册要求的约束。”

The agency explained that meme coins do not provide any rights to future income, profits, or assets, which are covered by federal securities laws. It also noted that these digital assets do not generate yield and are primarily driven by market speculation and social trends.

该机构解释说，模因硬币不提供任何由联邦证券法所涵盖的未来收入，利润或资产的权利。它还指出，这些数字资产不会产生产量，主要是由市场投机和社会趋势驱动的。

“They are not typically sold to raise capital for an enterprise and do not offer any investment rights or privileges in accordance with Section 2(a)(1) of the Securities Act,” the SEC added.

SEC补充说：“它们通常不会出售以筹集企业的资本，并且不根据《证券法》的第2（a）（1）条提供任何投资权或特权。”

The agency clarified that since meme coins do not meet the definition of securities, their issuers and traders do not need to register transactions with the agency. The statement also emphasized that meme coin buyers and holders are not protected by securities laws.

该机构澄清说，由于Meme硬币不符合证券的定义，因此发行人和交易者不需要向该机构注册交易。声明还强调，模因硬币买家和持有人不受证券法的保护。

“Accordingly, the Division will not pursue any action to impose the federal securities laws on the transactions, offerings, or sales of such meme coins,” the agency concluded.

该机构总结说：“因此，该部门将不采取任何行动将联邦证券法对此类模因硬币的交易，产品或销售施加。”

However, the SEC warned that fraudulent activities in this sector could still face legal consequences. The agency noted that while it does not regulate meme coins, other federal or state agencies may take action against deceptive practices.

但是，SEC警告说，该部门的欺诈活动仍然可能面临法律后果。该机构指出，尽管它不规范模因硬币，但其他联邦或州机构可能会针对欺骗性做出行动。

“We understand that, in addition to our role in enforcing federal securities law, there are other federal and state statutes that may apply to the realm of digital assets and that may provide legal remedies for victims of fraud or other unlawful conduct,” said the SEC.

美国证券交易委员会说：“除了我们在执行联邦证券法方面的作用外，还有其他联邦和州法规可能适用于数字资产领域，并且可能为欺诈或其他非法行为的受害者提供法律补救措施。”

Khurram Dara, a lawyer at Bain Capital Crypto, pointed out that misleading promotions, scams, and fraudulent schemes involving meme coins could still be prosecuted.

贝恩资本加密（Bain Capital Crypto）的律师库拉姆·达拉（Khurram Dara）指出，涉及模因硬币的误导性促销，骗局和欺诈性计划仍然可以受到起诉。

The agency also stated that it would continue to monitor the crypto market for any potential violations of financial regulations.

该机构还表示，它将继续监视加密货币市场的任何潜在违反金融法规。

“The offer and sale of meme coins do not involve an investment in an enterprise nor is it undertaken with a reasonable expectation of profits to be derived from the entrepreneurial or managerial efforts of others,” the agency added.

该机构补充说：“模因硬币的要约和销售不涉及对企业的投资，也不涉及合理期望从他人的企业家或管理工作中获得利润的合理期望。”

House Democrats had announced plans to introduce the Modern Emoluments and Malfeasance Enforcement (MEME) Act, which would restrict politicians from launching or endorsing meme coins.

众议院民主党人宣布了计划介绍现代埃默尔和渎职执法（MEME）法案，该法案将限制政客发起或认可模因硬币。

Announcing the plans for the bill on Tuesday, California Representative Sam Liccardo said the legislation aims to stop political figures from profiting off meme coins.

加利福尼亚州代表萨姆·利卡多（Sam Liccardo）周二宣布该法案计划，该立法旨在阻止政治人物从中获利。

The move comes after former President Donald Trump launched a meme coin named “TRUMP” shortly before announcing his 2024 presidential bid.

此举是在前总统唐纳德·特朗普（Donald Trump）在宣布2024年总统竞标之前发起了一个名为“特朗普”的模因硬币。

The meme coin, which began trading in August, saw rapid gains and reached a high of $0.00088 in mid-September. However, the token has experienced a sharp decline in recent months and is currently trading at around $0.00038.

模因硬币于8月开始交易，在9月中旬迅速增长，达到了0.00088美元的高价。但是，该令牌最近几个月的急剧下降，目前的交易价格约为0.00038美元。

Having lost more than 50% of its value in the past month, the TRUMP token is now trading at nearly half the price it reached in September.

在过去一个月中损失了其价值的50％以上，特朗普代币现在的交易价格近是9月达到的一半。

The market reaction to the former president’s meme coin has led to concerns about political figures using meme coins for financial gain.

市场对前总统的模因硬币的反应引起了人们对使用模因硬币进行经济利益的政治人物的担忧。