美国证券交易委员会（SEC）在对区块链游戏项目的监管审查方面迈出了重要一步

美国证券交易委员会（SEC）发布了 Wells 监管令，在对区块链游戏项目的监管审查方面迈出了重要一步

The United States Securities and Exchange Commission (SEC) is reportedly preparing to sue NFT game platform CyberKongz over allegations that it failed to register its utility token, $BANANA, as a security, according to a recent post by CyberKongz on X (formerly Twitter).

据 Cyber​​Kongz 最近在 X（前身为 Twitter）上发布的帖子称，美国证券交易委员会 (SEC) 正准备起诉 NFT 游戏平台 Cyber​​Kongz，指控其未能将其实用代币 $BANANA 注册为证券。 。

This development comes amid growing tensions between blockchain innovators and federal regulators over the intersection of NFTs, utility tokens, and securities laws. Previously, the SEC has taken several enforcement actions against NFT projects, including Dapper Labs, which settled with the SEC over allegations that its Moments NFTs were unregistered securities.

这一发展正值区块链创新者与联邦监管机构之间因 NFT、实用代币和证券法的交叉问题日益紧张之际。此前，SEC 已针对 NFT 项目采取了多项执法行动，其中包括 Dapper Labs，该公司因其 Moments NFT 为未注册证券的指控而与 SEC 达成和解。

CyberKongz, known for its pixelated NFT gorillas and unique tokenomics, began as a collection of 1000, 34×34 Genesis Kongz NFTs. Each Genesis Kong produces 10 $BANANA daily until March 18th, 2031, totaling 36,500,000 $BANANA over 10 years. Notably, the project introduced and popularized innovative NFT mechanics, such as breeding and Babies, which are integral to its ecosystem.

Cyber​​Kongz 以其像素化 NFT 大猩猩和独特的代币经济学而闻名，最初是 1000 个 34×34 Genesis Kongz NFT 的集合。每个 Genesis Kong 每天生产 10 $BANANA，直到 2031 年 3 月 18 日为止，10 年内总计生产 36,500,000 $BANANA。值得注意的是，该项目引入并推广了创新的 NFT 机制，例如繁殖和婴儿，这是其生态系统不可或缺的一部分。

According to CyberKongz, the SEC’s Division of Enforcement approached the project with a concerning message: Register the ERC-20 token in your blockchain game together with the NFTs as a security.

据 Cyber​​Kongz 报道，SEC 执法部门向该项目发出了一条令人担忧的消息：将 ERC-20 代币与 NFT 一起注册在区块链游戏中作为证券。

A Wells notice is a formal notification indicating the SEC’s intention to consider enforcement actions based on its findings. Recipients typically have 30 days to respond to the notice, after which the SEC may decide to pursue formal charges. In this case, CyberKongz has warned that this action could have far-reaching implications for the blockchain gaming industry, particularly for projects that integrate NFTs with utility tokens.

Wells 通知是一份正式通知，表明 SEC 打算根据其调查结果考虑采取执法行动。接收者通常有 30 天的时间对通知做出回应，之后 SEC 可能会决定提出正式指控。在这种情况下，Cyber​​Kongz 警告称，这一行动可能会对区块链游戏行业产生深远影响，特别是对于将 NFT 与实用代币集成的项目。

CyberKongz began as a unique and randomly generate collection of 1000, 34×34 pixelated NFT gorillas now known as the Genesis Collection. CyberKongz were the first to introduce and popularize a number of innovative NFT mechanics, such as unique tokenomics for their utility token $BANANA, which led to breeding and Babies. Each Genesis Kong produces 10 $BANANA every day until March 18th 2031. The total $BANANA produced for entire collection over the 10 year contract is 36,500,000 $BANANA. Anyone who holds any two Genesis Kongz in their wallet and burn 600 $BANANA receives an incubator to breed a baby. Each baby is unique and owns randomized items with different rarities. The project features many other creative aspects as well.

Cyber​​Kongz 最初是一个独特的随机生成的集合，包含 1000 个 34×34 像素化 NFT 大猩猩，现在称为 Genesis Collection。 Cyber​​Kongz 是第一个引入并推广许多创新 NFT 机制的公司，例如其实用代币 $BANANA 的独特代币经济学，这导致了繁殖和婴儿的诞生。每个 Genesis Kong 每天生产 10 $BANANA，直到 2031 年 3 月 18 日。在 10 年合同期间整个系列生产的 $BANANA 总量为 36,500,000 $BANANA。任何人在钱包里持有任意两个 Genesis Kongz 并燃烧 600 $BANANA 即可获得一个孵化器来繁殖婴儿。每个婴儿都是独一无二的，并拥有不同稀有度的随机物品。该项目还具有许多其他创意方面。

According to its website: “CyberKongz is driven by community, utility, and of course the main life source of any ape, $BANANA! $BANANA is the utility token that fuels the CyberKongz ecosystem. It is NOT an investment and has NO economic value.”

根据其网站：“Cyber​​Kongz 是由社区、实用性以及所有猿类的主要生命来源 $BANANA 驱动的！ $BANANA 是为 Cyber​​Kongz 生态系统提供动力的实用代币。它不是投资，也没有经济价值。”

Of course the SEC does not place much emphasis on disclaimers such as this. Rather, it focuses on the totality of the facts and circumstances and the economic realities of any tokens.

当然，SEC 并不太重视此类免责声明。相反，它关注的是事实和情况的整体以及任何代币的经济现实。

In its response to the SEC, CyberKongz signaled its intention to challenge the agency’s position and criticized the SEC for what it described as a “complete lack of understanding of blockchain technologies,” evidenced by “unjust accusations and information inaccuracies” in its engagement with the blockchain space. Furthermore, CyberKongz highlighted the significance of defending against the SEC’s stance for the benefit of the wider blockchain gaming ecosystem.

在对 SEC 的回应中，Cyber​​Kongz 表示有意挑战该机构的立场，并批评 SEC 所谓“对区块链技术完全缺乏了解”，其在与 SEC 接触时的“不公正指控和信息不准确”就证明了这一点。区块链空间。此外，Cyber​​Kongz 强调了为了更广泛的区块链游戏生态系统的利益而捍卫 SEC 立场的重要性。

The CyberKongz Wells notice highlights the challenges faced by blockchain projects as they navigate the SEC’s evolving approach to enforcement. If the SEC's position is upheld, it could set a precedent where NFT gaming platforms that incorporate utility tokens must register those tokens as securities.

Cyber​​Kongz Wells 的通知强调了区块链项目在应对 SEC 不断发展的执法方法时所面临的挑战。如果 SEC 的立场得到维持，它可能会开创先例，包含实用代币的 NFT 游戏平台必须将这些代币注册为证券。

In related news, the Consumer Financial Protection Bureau published a report on Banking in Video Games and Virtual Worlds, warning of increased scrutiny and enforcement of financial services in games that mimic traditional banking and payment systems, while another federal regulator is keeping an eye on blockchain gaming. For more on the report, see our analysis here.

相关新闻中，消费者金融保护局发布了一份关于视频游戏和虚拟世界中的银行业务的报告，警告称，对模仿传统银行和支付系统的游戏中的金融服务将加强审查和执法，而另一家联邦监管机构正在密切关注区块链赌博。有关该报告的更多信息，请参阅我们的分析。

As the battle between CyberKongz and the SEC unfolds, the case is likely to draw significant attention from the blockchain community, regulators, and legal experts alike. For now, CyberKongz prepares to defend its project and principles in what could be a pivotal case for the blockchain gaming sector.

随着 Cyber​​Kongz 和 SEC 之间的斗争展开，此案可能会引起区块链社区、监管机构和法律专家等的高度关注。目前，Cyber​​Kongz 准备捍卫其项目和原则，这可能是区块链游戏行业的关键案例。

Blockchain gaming companies that have concerns about whether NFTs they have issued or plan to issue implicate securities laws should seek advice from a knowledgeable attorney, based on the specific facts of their offering. In some cases, certain actions can be taken to minimize the risk of an enforcement.

如果区块链游戏公司担心其已发行或计划发行的 NFT 是否涉及证券法，则应根据其产品的具体事实寻求知识渊博的律师的建议。在某些情况下，可以采取某些措施来最大限度地降低强制执行的风险。