SEC 针对 NFT 和实用代币：Wells 向 Cyber​​Kongz 发出的通知

美国证券交易委员会 (SEC) 向 Cyber​​Kongz 发出 Wells 通知，在区块链游戏项目的监管审查方面迈出了重要一步

The U.S. Securities and Exchange Commission (SEC) has taken a significant step in its regulatory scrutiny of blockchain gaming projects by issuing a Wells notice to CyberKongz, a prominent NFT gaming platform. This development underscores growing tensions between blockchain innovators and federal regulators over the intersection of NFTs, utility tokens, and securities laws.

美国证券交易委员会（SEC）向著名的 NFT 游戏平台 Cyber​​Kongz 发出 Wells 通知，在区块链游戏项目的监管审查方面迈出了重要一步。这一事态发展凸显了区块链创新者和联邦监管机构之间在 NFT、实用代币和证券法的交叉问题上日益紧张的关系。

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. CyberKongz 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。 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, which launched in 2021, is known for its collection of 1,000 34×34 pixelated NFT gorillas and its introduction of unique tokenomics for its utility token $BANANA, which is used for breeding and other game mechanics. Despite the project’s popularity and clear utility, the SEC appears to be taking issue with the offering of $BANANA in conjunction with the NFTs.

Cyber​​Kongz 于 2021 年推出，以其收藏 1,000 只 34×34 像素化 NFT 大猩猩而闻名，并为其实用代币 $BANANA 引入了独特的代币经济学，该代币用于繁殖和其他游戏机制。尽管该项目很受欢迎并且实用性也很明显，但 SEC 似乎对 $BANANA 与 NFT 的结合提出了质疑。

According to CyberKongz’s website, “$BANANA is the utility token that fuels the CyberKongz ecosystem. It is not an investment and has no economic value.” However, as we have discussed in the past, the SEC does not place much emphasis on disclaimers such as this. Instead, it focuses on the totality of the facts and circumstances and the economic realities of any tokens.

根据 Cyber​​Kongz 的网站，“$BANANA 是为 Cyber​​Kongz 生态系统提供动力的实用代币。它不是投资，没有经济价值。”然而，正如我们过去所讨论的，美国证券交易委员会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, CyberKongz signaled its intention to challenge the SEC’s position. The project also criticized the SEC for what it described as a “complete lack of understanding of blockchain technologies,” citing “unjust accusations and information inaccuracies” that have plagued the agency’s engagement with the blockchain space. CyberKongz further stressed the importance of defending against the SEC’s stance for the benefit of the wider blockchain gaming ecosystem.

Cyber​​Kongz 在回应中表示有意挑战 SEC 的立场。该项目还批评美国证券交易委员会“对区块链技术完全缺乏了解”，并指出“不公正的指控和信息不准确”一直困扰着该机构与区块链领域的合作。 Cyber​​Kongz 进一步强调了为了更广泛的区块链游戏生态系统的利益而抵制 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 requiring NFT gaming platforms that incorporate utility tokens to 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，要求包含实用代币的 NFT 游戏平台将这些代币注册为证券。

This development comes amid broader scrutiny of blockchain gaming by federal regulators. The Consumer Financial Protection Bureau recently 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.

这一发展是在联邦监管机构对区块链游戏进行更广泛审查的背景下发生的。消费者金融保护局最近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。

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。