The Securities and Exchange Commission (SEC) has reclassified meme coins as collectibles, effectively ending their regulation as securities. This represents a significant shift in the U.S. regulatory landscape for meme coins.

證券交易委員會（SEC）將模因硬幣重新分類為收藏品，有效地結束了其作為證券的法規。 這代表了美國模因硬幣的美國監管格局的重大轉變。

While the SEC will no longer enforce securities laws against meme coins, other agencies, such as the Commodity Futures Trading Commission (CFTC), retain the authority to pursue action against fraudulent activities related to them. This decision could foster innovation within the meme coin market, but also raises concerns about increased susceptibility to scams.

儘管SEC將不再針對模因硬幣執行證券法，但其他機構（例如商品期貨貿易委員會（CFTC））保留了對與之相關的欺詐活動採取行動的權力。這一決定可以促進模因硬幣市場中的創新，但也引起了人們對騙局易感性增加的擔憂。

The SEC's rationale centers on the premise that meme coins are primarily purchased for entertainment or social reasons, their value largely driven by speculation and market sentiment. The lack of inherent utility, the SEC argues, disqualifies them from meeting the criteria for securities under U.S. law. This aligns with Commissioner Hester Peirce's previously expressed views on delegating enforcement to other agencies.

美國證券交易委員會（SEC）的理由集中在模因硬幣主要是出於娛樂或社會原因購買的前提，其價值在很大程度上是由投機和市場情緒驅動的。 美國證券交易委員會認為，缺乏固有的效用，使他們無法符合美國法律規定的證券標準。這與赫斯特·皮爾斯（Hester Peirce）專員先前對將執法委託給其他機構表示一致。

Despite this less interventionist approach, the SEC emphasizes its continued commitment to addressing fraudulent activities within the meme coin space. The agency cautions that fraudulent schemes remain prosecutable under existing laws. This implies that while the SEC is reducing its direct oversight, perpetrators of fraud should remain vigilant, as other regulatory bodies may still take action. Fraud prevention remains crucial, even with the SEC's hands-off approach to meme coins themselves.

儘管採用這種干預主義的方法較少，但SEC還是強調了其繼續致力於解決模因硬幣空間內的欺詐活動。 該機構警告說，根據現有法律，欺詐性計劃仍可起訴。 這意味著，儘管SEC正在減少其直接監督，但欺詐的肇事者應保持警惕，因為其他監管機構仍可能採取行動。 即使採用SEC的偽裝方法，預防欺詐仍然至關重要。

Many within the cryptocurrency industry view this change positively, believing it could stimulate project development and encourage public figures to launch their own meme coins, potentially injecting renewed energy into the market. However, this optimism is tempered by the inherent risks. The meme coin market has a history of scams, and reduced SEC oversight could potentially exacerbate this problem. High-profile past scams serve as stark reminders of the dangers involved.

加密貨幣行業中的許多人對這種變化有積極的看法，認為它可以刺激項目開發，並鼓勵公眾人物發射自己的模因硬幣，並有可能將重新的能源注入市場。但是，這種樂觀情緒受到固有風險的緩解。 Meme硬幣市場有騙局的歷史，而SEC的監督減少可能會加劇這個問題。 備受矚目的過去騙局可以清楚地提醒人們所涉及的危險。

The long-term consequences of this decision remain uncertain. While relaxed regulations may indeed spur creativity and the emergence of new projects, they could also pave the way for more risky and fraudulent ventures. The SEC's decision might lead to a surge in celebrity-endorsed coin launches and pump-and-dump schemes, potentially destabilizing the market.

該決定的長期後果仍然不確定。 儘管放鬆的法規確實可能刺激創造力和新項目的出現，但他們也可以為更風險和欺詐性的冒險鋪平道路。 SEC的決定可能會導致名人認可的硬幣發射和泵和降低計劃的激增，從而破壞市場穩定。