納斯達克敦促SEC將與證券的數字資產應用相同的監管標準

交易所表示，美國金融監管機構需要為加密貨幣建立更清晰的分類法，包括將一部分數字資產歸類為“金融證券”。

Nasdaq is urging the US Securities and Exchange Commission (SEC) to subject digital assets to the same regulatory standards as traditional securities if they constitute "stocks by any other name."

納斯達克敦促美國證券交易委員會（SEC）將數字資產符合與傳統證券相同的監管標準，如果它們構成“以任何其他名稱為單位”。

In an April 25 comment letter to the SEC, the exchange said the US financial regulator needs to establish a clearer taxonomy for cryptocurrencies, including categorizing a portion of digital assets as "financial securities." Those tokens should continue to be regulated "as they are regulated today regardless of tokenized form," Nasdaq argued.

該交易所在4月25日給SEC的評論信中說，美國金融監管機構需要為加密貨幣建立更清晰的分類法，包括將一部分數字資產歸類為“財務證券”。納斯達克認為，這些令牌應繼續受到“由於今天的監管，因為它們受到今天的監管。”納斯達克說。

"Whether it takes the form of a paper share, a digital share, or a token, an instrument's underlying nature remains the same and it should be traded and regulated in the same way," the letter said.

這封信說：“無論是採取紙張份額的形式，數字份額還是代幣的形式，儀器的基本性質保持不變，應以相同的方式進行交易和監管。”

It also proposed categorizing a portion of cryptocurrencies as "digital asset investment contracts," to be subject to "light touch regulation" but still overseen by the SEC.

它還提議將一部分加密貨幣歸類為“數字資產投資合同”，以受“輕觸摸法規”的約束，但仍由SEC監督。

The exchange said these tokens, which may be subject to minimal US regulatory oversight, could include memecoins such as SHIB and PEPE, which the SEC has previously said do not qualify as investment contracts if they are clearly identified as purely speculative assets with no intrinsic value.

交易所表示，這些代幣可能受到美國監管的最低監管監督，可能包括諸如Shib和Pepe之類的成員，SEC先前表示，如果明確被明確確定為沒有內在價值的純投機資產，則SEC先前曾表示，如果它們被明確確定為投資合同。

"Congress intended the term 'investment contract' to encompass broadly any instrument that is sold on the basis of a common enterprise or a promise of profit to be paid by a third party," Nasdaq said.

納斯達克說：“國會打算'投資合同'一詞，以涵蓋基於共同企業或第三方支付利潤的承諾出售的任何工具。”

"Instruments sold on the basis of such promises should continue to be subject to Section 7 of the Securities Act, which applies to offers and sales of securities, and instruments sold on some other basis should not," it added.

它補充說：“根據此類承諾出售的工具應繼續受《證券法》第7條的約束，該法案適用於證券的報價和銷售，並且不應以其他方式出售的工具。”

The exchange's recommendations come as the SEC has dramatically pivoted its stance on cryptocurrency oversight since US President Donald Trump took office in January.

自從美國總統唐納德·特朗普（Donald Trump）於一月份上任以來，交易所的建議是在SEC急劇上對加密貨幣監督的立場。

Under the leadership of former Chair Gary Gensler, the SEC took the position that practically all cryptocurrencies, with the exception of Bitcoin (BTC), represent investment contracts and therefore qualify as securities. This stance led the agency to bring upwards of 100 lawsuits against crypto firms for alleged securities law violations.

在前主席加里·金斯勒（Gary Gensler）的領導下，SEC擔任了幾乎所有的加密貨幣（BTC）（BTC）的立場，代表投資合同，因此有資格為證券。該立場導致該機構針對涉嫌違反證券法的行為提出了100起針對加密貨幣公司的訴訟。

However, under Trump nominee Paul Atkins, who was sworn in as chair on April 21 after a lengthy Senate confirmation, the SEC has claimed jurisdiction over a narrower segment of cryptocurrencies.

但是，在特朗普提名人保羅·阿特金斯（Paul Atkins）的帶領下，在參議院長期確認後於4月21日宣誓就職，SEC聲稱對較窄的加密貨幣部分宣稱管轄權。

In February, the agency issued guidance stating that memecoins — if clearly identified as purely speculative assets with no intrinsic value — do not qualify as investment contracts pursuant to US law.

2月，該機構發布了指南，指出，如果明確被確定為純粹的投機資產，沒有內在價值，則根據美國法律沒有資格為投資合同。

In April, the SEC said that stablecoins — digital tokens pegged to the US dollar — similarly do not qualify as they are marketed solely as a means of making payments.

美國證券交易委員會（SEC）表示，與美元掛鉤的數字代幣（數字代幣）同樣也沒有資格，因為它們僅作為付款方式，因此也沒有資格。

Nasdaq said existing financial infrastructure "can readily absorb digital assets by establishing the proper taxonomy and calibrating certain rules to reflect what is truly new and novel about digital assets."

納斯達克說，現有的金融基礎設施“可以通過建立適當的分類法和校準某些規則來反映出真正的新穎和新穎的數字資產的規則，從而很容易吸收數字資產。”

The Depository Trust & Clearing Corporation (DTCC) — a private US securities clearinghouse closely overseen by the SEC — has been laying the foundation for integrating blockchain technology into regulated financial markets. In March, the DTCC committed to promoting Ethereum's ERC-3643 standard for permissioned securities tokens.

美國證券交易委員會（SEC）密切監督的私人證券交換所（DTCC）的存款信託和清算公司（DTCC）一直為將區塊鏈技術整合到受監管的金融市場中奠定了基礎。 3月，DTCC致力於推廣以太坊的ERC-3643標準用於許可證券代幣。