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.

证券交易委员会（SEC）将模因硬币重新分类为收藏品，有效地结束了其作为证券的法规。 这代表了美国模因硬币的美国监管格局的重大转变。

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.

尽管SEC将不再针对模因硬币执行证券法，但其他机构（例如商品期货贸易委员会（CFTC））保留了对与之相关的欺诈活动采取行动的权力。这一决定可以促进模因硬币市场中的创新，但也引起了人们对骗局易感性增加的担忧。

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.

美国证券交易委员会（SEC）的理由集中在模因硬币主要是出于娱乐或社会原因购买的前提，其价值在很大程度上是由投机和市场情绪驱动的。 美国证券交易委员会认为，缺乏固有的效用，使他们无法符合美国法律规定的证券标准。这与赫斯特·皮尔斯（Hester Peirce）专员先前对将执法委托给其他机构表示一致。

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.

尽管采用这种干预主义的方法较少，但SEC还是强调了其继续致力于解决模因硬币空间内的欺诈活动。 该机构警告说，根据现有法律，欺诈性计划仍可起诉。 这意味着，尽管SEC正在减少其直接监督，但欺诈的肇事者应保持警惕，因为其他监管机构仍可能采取行动。 即使采用SEC的伪装方法，预防欺诈仍然至关重要。

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.

加密货币行业中的许多人对这种变化有积极的看法，认为它可以刺激项目开发，并鼓励公众人物发射自己的模因硬币，并有可能将重新的能源注入市场。但是，这种乐观情绪受到固有风险的缓解。 Meme硬币市场有骗局的历史，而SEC的监督减少可能会加剧这个问题。 备受瞩目的过去骗局可以清楚地提醒人们所涉及的危险。

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.

该决定的长期后果仍然不确定。 尽管放松的法规确实可能刺激创造力和新项目的出现，但他们也可以为更风险和欺诈性的冒险铺平道路。 SEC的决定可能会导致名人认可的硬币发射和泵和降低计划的激增，从而破坏市场稳定。