Solana基础设施项目Jito声称其协议的旗舰令牌Jitosol不是安全性。

一个加密项目将认为其24亿美元的资产这一资金并不令人惊讶。更有趣的是：Jito发表意见的一种公共方法。

Solana infrastructure project Jito on Tuesday claimed its protocol’s flagship token, JitoSOL, is not a security.

Solana基础设施项目Jito周二声称其协议的旗舰令牌Jitosol不是安全性。

That a crypto project would believe such a thing of its $2.4 billion asset is hardly surprising. More interesting: the very public method with which Jito delivered its opinion.

一个加密项目将认为其24亿美元的资产这一资金并不令人惊讶。更有趣的是：Jito发表意见的一种公共方法。

Jito Foundation’s new “Securities Classification Report” explains in 24 footnoted pages precisely why JitoSOL is not, cannot and will not fall under SEC oversight. It’s the kind of inside baseball perspective that crypto lawyers often prepare for their clients, but seldom for public consumption.

Jito Foundation的新“证券分类报告”在24个脚注页中解释了为什么Jitosol不在，不能也不会受到SEC的监督。这是加密律师经常为客户做准备的内部棒球视角，但很少供公众消费。

Trump’s embrace of crypto emboldened Jito to say in public what they already thought behind closed doors, people at Jito Labs – the company building the widely-used piece of Solana infrastructure – told CoinDesk. The project’s Swiss-based Jito Foundation drafted and released its own report to encourage other industry players to do the same.

特朗普对加密货币的拥抱使Jito在公开场合说，他们已经在封闭的后面想到了什么，该公司（该公司建造了广泛使用的Solana基础设施部分）告诉Coindesk。该项目位于瑞士的Jito基金会起草并发布了自己的报告，以鼓励其他行业参与者也这样做。

“There's a lot of optimism right now from builders, and more willingness to try to work with regulators to create better rules for builders,” said Jito Labs CEO Lucas Bruder.

Jito Labs首席执行官Lucas Bruder说：“建筑商现在有很多乐观情绪，更愿意与监管机构合作为建筑商创建更好的规则。”

Now the agency is pulling back, dropping high-profile lawsuits that questioned the regulatory status of many hotly contested corners of crypto – including liquid staking tokens.

现在，该机构正在退缩，放弃了备受瞩目的诉讼，质疑许多激烈的加密货币角落的监管状况 - 包括液体藏匿令牌。

LSTs are a sort of depository receipt that let people access the value of assets (usually ETH or SOL) that they locked up in staking contracts, where those assets contribute to a blockchain network’s security and also earn staking rewards.

LST是一种存款收据，可让人们获得他们在存放合同中锁定的资产价值（通常是ETH或SOL）的价值，这些资产有助于区块链网络的安全性并赢得了Stage Rewards。

The sub-industry has exploded in prominence across crypto’s staking blockchains. Ethereum is host to $26 billion of LSTs, while Solana boasts a more modest $6 billion. Jito’s is the largest Solana LST by more than double the value of the runner-up.

该子行业在加密蛋糕的堆积区块中爆发了突出。以太坊的LST持有至260亿美元的LST，而Solana拥有更少的60亿美元。 Jito是最大的Solana LST，其价值是亚军的两倍以上。

The SEC never accused Jito of breaking U.S. law, nor did it so much as talk to the project’s backers in years past, people at Jito Labs told CoinDesk. But the new administration’s new look regulator opened the door for a newly aggressive Jito: founder Lucas Bruder met with the crypto task force in early February to discuss staking.

Jito Labs的人们告诉Coindesk，SEC从未指责Jito违反了美国法律，也没有像过去几年那样与该项目的支持者交谈。但是，新政府的新外观监管机构为新的激进的吉托打开了大门：创始人卢卡斯·布鲁德（Lucas Bruder）于2月初与加密货币特遣队会面，讨论了Staking。

The new classification report compares JitoSOL against the well-known Howey Test, a legal framework for determining whether an asset is an investment contract, and therefore a security. Among its main points: the program that issues JitoSOL operates independently atop a blockchain.

新的分类报告将Jitosol与著名的Howey测试进行了比较，这是确定资产是否为投资合同的法律框架，因此是安全性。其要点包括：发行Jitosol的程序在区块链上独立运行。

"The most important takeaway is this is pure technology," said Rebecca Rettig, Jito Labs' legal counsel.

Jito Labs的法律顾问Rebecca Rettig说：“最重要的要点是纯技术。”

But the report also delves beyond staid securities laws to touch on the pro-crypto vibes emanating from the White House. In one section it invokes his executive order on making the U.S.A. the global crypto capital.

但是，该报告还深入研究了超越保证的证券法，以涉及白宫发出的亲克莱普特的共鸣。在一个部分中，它援引了他的行政命令，以使美国成为全球加密资本。

"The consequence of applying federal securities law and regulation as they currently stand to liquid-staking solutions would be to render them unavailable by regulating them out of existence, contrary to the goals of the Executive Order," the report said.

该报告说：“与目前建立流动性解决方案相比，应用联邦证券法和法规的结果是，与行政命令的目标相反，它们无法通过规范它们来使其无法使用。”