美國證券交易委員會（SEC）正在考慮更改規則，以使公司更自由地發行標記證券

監管機構正在“考慮使用區塊鏈技術的公司“簽發，貿易和解決證券”的公司的“潛在豁免命令”

The US Securities and Exchange Commission (SEC) is considering rule changes to let companies more freely issue tokenized securities, SEC Commissioner Hester Peirce said in a speech published on May 8.

SEC專員Hester Peirce在5月8日發表的演講中說，美國證券交易委員會（SEC）正在考慮更改規則，以使公司更加自由地簽發標記證券。

The regulator is “considering a potential exemptive order” for firms using blockchain technology to “issue, trade, and settle securities” that would release them from certain registration requirements, Peirce said in the speech.

Peirce在演講中說，監管機構正在“考慮使用區塊鏈技術的公司“簽發，交易和解決證券”的公司“考慮潛在的豁免命令”，這將使他們擺脫某些註冊要求。

For example, decentralized exchanges (DEXs) may no longer need to register “as a broker-dealer, clearing agency, or an exchange,” Peirce said. The SEC has previously brought numerous charges against DEXs such as Uniswap for failing to register as securities exchanges.

例如，Peirce說，分散的交流（DEX）可能不再需要註冊“作為經紀交易商，清算機構或交易所”。 SEC以前曾對DEX（例如Uniswap）提出了許多指控，因為他們未能註冊為證券交易所。

Firms should “not have to comply with inapt regulations, which, in many cases, were developed well before the technologies being tested existed and may be obviated by attributes of that technology,” Peirce said.

Peirce說，企業不必遵守INAPT法規，在許多情況下，這是在進行測試的技術之前就已經開發的，並且可以通過該技術的屬性來消除。 ” Peirce說。

Under such an exemption, companies would still be expected to comply with rules designed to prevent fraud and market manipulation, the commissioner said. They may also need to meet certain disclosure and recordkeeping requirements.

專員說，在這種豁免下，公司仍將遵守旨在防止欺詐和市場操縱的規則。他們可能還需要滿足某些披露和記錄保存要求。

Related: Nasdaq urges SEC to treat certain digital assets as 'stocks by any other name'

相關：納斯達克敦促SEC將某些數字資產視為“其他任何名稱的股票”

Sharp policy pivot

鋒利的政策樞紐

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）在一月份上任以來，SEC對加密貨幣的監督的立場非常重要。

Since the Biden administration took office in December 2020, the SEC has brought upward of 100 lawsuits against crypto firms for alleged securities law violations.

自拜登政府於2020年12月上任以來，SEC已針對加密貨幣公司提起了100起針對涉嫌違反證券法的訴訟。

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

但是，在4月21日宣誓就任主席的特朗普提名人保羅·阿特金斯（Paul Atkins）領導下，該機構聲稱對較狹窄的加密貨幣的管轄權。

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

2月，SEC發布了指南，指出模因（如果明確被確定為純粹的投機資產，沒有內在價值），則不符合根據美國法律的投資合同的資格。

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

監管機構在4月份表示，數字代幣與美元固定的數字代幣 - 如果僅作為付款的手段，它們也不符合證券的資格。

Magazine: Ethereum is destroying the competition in the $16.1T TradFi tokenization race

雜誌：以太坊正在銷毀$ 16.1 t的Tradfi令牌競賽中的競爭