纳斯达克敦促SEC将与证券的数字资产应用相同的监管标准

交易所表示，美国金融监管机构需要为加密货币建立更清晰的分类法，包括将一部分数字资产归类为“金融证券”。

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."

纳斯达克敦促美国证券交易委员会（SEC）将数字资产符合与传统证券相同的监管标准，如果它们构成“以任何其他名称为单位”。

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.

该交易所在4月25日给SEC的评论信中说，美国金融监管机构需要为加密货币建立更清晰的分类法，包括将一部分数字资产归类为“财务证券”。纳斯达克认为，这些令牌应继续受到“由于今天的监管，因为它们受到今天的监管。”纳斯达克说。

"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.

这封信说：“无论是采取纸张份额的形式，数字份额还是代币的形式，仪器的基本性质保持不变，应以相同的方式进行交易和监管。”

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.

它还提议将一部分加密货币归类为“数字资产投资合同”，以受“轻触摸法规”的约束，但仍由SEC监督。

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，这些代币可能受到美国监管的最低监管监督，可能包括诸如Shib和Pepe之类的成员，SEC先前表示，如果明确被明确确定为没有内在价值的纯投机资产，则SEC先前曾表示，如果它们被明确确定为投资合同。

"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.

纳斯达克说：“国会打算'投资合同'一词，以涵盖基于共同企业或第三方支付利润的承诺出售的任何工具。”

"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.

它补充说：“根据此类承诺出售的工具应继续受《证券法》第7条的约束，该法案适用于证券的报价和销售，并且不应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.

自从美国总统唐纳德·特朗普（Donald Trump）于一月份上任以来，交易所的建议是在SEC急剧上对加密货币监督的立场。

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）的领导下，SEC担任了几乎所有的加密货币（BTC）（BTC）的立场，代表投资合同，因此有资格为证券。该立场导致该机构针对涉嫌违反证券法的行为提出了100起针对加密货币公司的诉讼。

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，在特朗普提名人保罗·阿特金斯（Paul Atkins）的领导下，在参议院长期确认后于4月21日宣誓就职，他声称对狭窄的加密货币领域拥有管辖权。

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，该机构发布了指南，指出，如果明确被确定为纯粹的投机资产，没有内在价值，则根据美国法律没有资格为投资合同。

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.

美国证券交易委员会（SEC）表示，与美元挂钩的数字代币（数字代币）同样也没有资格，因为它们仅作为付款方式，因此也没有资格。

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."

纳斯达克说，现有的金融基础设施“可以通过建立适当的分类法和校准某些规则来反映出真正的新颖和新颖的数字资产的规则，从而很容易吸收数字资产。”

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.

美国证券交易委员会（SEC）密切监督的私人证券交换所（DTCC）的存款信托和清算公司（DTCC）一直为将区块链技术整合到受监管的金融市场中奠定了基础。 3月，DTCC致力于推广以太坊的ERC-3643标准用于许可证券代币。