美国证券交易委员会（SEC）正式裁定模因硬币不是证券

美国证券交易委员会（SEC）周四正式裁定，模因硬币不是证券，而是将它们比作收藏品。

The U.S. Securities and Exchange Commission (SEC) ruled on Thursday that transactions in the types of meme coins described in its statement, do not involve the offer and sale of securities under the federal securities law.

美国证券交易委员会（SEC）周四裁定，其声明中描述的模因硬币类型的交易不涉及《联邦证券法》根据联邦证券法的要约和销售。

Key features of the SEC statement

SEC语句的主要功能

The SEC's reasoning for designating meme tokens as non-securities focus on the following aspects:

SEC将模因令牌指定为非安全性的原因集中在以下方面：

The agency provides this statement to clarify the application of the federal securities law to transactions in meme coins, which are typically sold in online platforms and are not subject to registration requirements.

该机构提供了此声明，以阐明将《联邦证券法》应用于模因硬币中的交易，这些交易通常在在线平台中出售，并且不受注册要求的约束。

The term “meme coin” is used in the industry to describe a type of cryptocurrency that is often named after a meme or internet cultural phenomenon.

行业中使用“模因硬币”一词来描述一种通常以模因或互联网文化现象命名的加密货币。

The SEC's staff memo does not apply to coins that were not consistent with the descriptions mentioned in the statement.

SEC的员工备忘录不适用于与声明中提到的描述不一致的硬币。

It also does not apply to products labeled as meme coins “in an effort to evade the application of the federal securities laws by disguising a product that otherwise would constitute a security.”

它也不适用于标记为模因硬币的产品“为了通过掩盖否则将构成安全性的产品来逃避联邦证券法的应用。”

Meme coin sector – an innovation with much frustration

模因硬币行业 - 一项令人沮丧的创新

The meme coin sector has a collective $56 billion market cap and has been down by over 8% in the last seven days.

模因硬币行业的市值为560亿美元，在过去的七天中下降了8％以上。

Scams have also been rampant across the segment, with many of the incidents being rug pulls, or projects that aggressively promote a token only to “rug” on investors after they've bagged gains from price surges.

骗局在整个细分市场中也猖ramp，许多事件是地毯拉力，或者在投资者从价格飙升中获得收益后，积极地向投资者“地毯”的项目进行了积极的促进。

For instance, the team behind U.S. First Lady Melania Trump's Melania Meme (MELANIA) coin has dropped below $1 since its launch ahead of inauguration day last month.

例如，自上个月就职日之前推出以来，我们第一夫人梅拉尼亚·特朗普（Melania Trump）的梅拉尼亚·特朗普（Melania Trump）的梅拉尼亚·梅米（Melania）硬币（Melania）硬币下降了1美元。

Some people say investors who put their money on the meme asset were “scammed by the First Family.”

有人说，将钱投入模因资产上的投资者“被第一家庭骗了”。

The more recent incident that caught the world by storm was the launch of the LIBRA meme coin, which Argentine President Javier Milei initially said should help drive the country's economic growth.

最近造成世界的事件是天秤座模因硬币的推出，阿根廷总统贾维尔·米利（Javier Milei）最初表示应该有助于推动该国的经济增长。

Blockchain analytics firm Nansen recently dove deep into the token's launch, revealing how the meme coin surged to a staggering $4.55 billion market cap only to plunge to around $200 million in two days after Milei pulled support for the coin.

区块链分析公司Nansen最近深深地涉足了令牌的发布，揭示了Meme硬币如何飙升至惊人的45.5亿美元市值，仅在Milei取消对硬币的支持后的两天内，两天内就跌至约2亿美元。

Most of the traders in the coin ended up with realized losses, compared to just a few winners who were able to take home millions before the meme coin plummeted.

硬币中的大多数交易商最终都遭受了损失，而只有少数获奖者能够在模因硬币下降之前将数百万美元带回家。