I-US Securities and Exchange Commission ibhekene necala elibekela inselele ikhono layo lokuphatha amathokheni adonswe emoyeni njengezibambiso.

Mhla zingama-25 kuNdasa, i-DeFi Education Fund (DEF), okuyinhlangano elwelayo i-web3, kumemezela yayihlangene ne-Beba Collection, inkampani yezimpahla ezinze e-Texas, ukuze imangalele i-SEC ukuze izame ukuthola inkantolo yase-US ukuthi ikhiphe isinqumo sokuthi ithokheni ye-BEBA ayihlanganisi inkontileka yokutshala izimali zezibambiso.

I-Beba, eyethula ithokheni yayo ye-BEBA kuma-Unisocks kanye nabanikazi bama-Base Name bakuqala, ayikasitholi isikhalazo esivela ku-SEC kodwa ifuna kusengaphambili isinqumo senkantolo esivikela ithokheni yayo ekuhlukanisweni kwezibambiso. I-SEC ilandele umkhankaso onolaka wokulawula ngokuphoqelela okuqondiswe kubakhiqizi bempahla yedijithali eminyakeni yamuva nje, ithi izimpahla zedijithali zihlanganisa izimpahla zokuvikela.

I-DEF igomela ngokuthi i-BEBA ayihlanganisi inkontileka yokutshala imali ngokuya ngokuhlolwa kwe-Howey - uchungechunge lwemibuzo emine esetshenziselwa ukunquma ukuthi ingabe impahla ihlanganisa isibambiso. UHowey uchaza ukuthi "izinkontileka zokutshala imali" zidinga "ukutshalwa kwemali" phakathi kwezinhlangano, okusho ukuthi i-BEBA ayihlanganisi impahla yokuvikela ngenxa yokuthi isatshalaliswa nge-airdrop, ngokusho kwesikhalazo.

I-DEF igomele ngokuthi isinqumo senkantolo esisekela izimangalo zayo sizosungula isibonelo somkhakha obanzi we-web3, sivikele amabhizinisi asabalalise ithokheni nge-airdrop kusukela ezenzweni zokuphoqelela ze-SEC zesikhathi esizayo.

"Uma inkantolo inquma ukuthi amathokheni e-BEBA awazona izinkontileka zokutshala izimali futhi ama-airdrops amahhala awawona ukuthengiswa kwezibambiso, kuzonikeza ukucaciseleka okudingeka kakhulu embonini," kusho i-DEF.

Leli cala liphinde lihlose ukuvikela isimemezelo senkantolo sokuthi i-SEC yephule Umthetho Wenqubo Yokuphatha (i-APA) ngokwamukela inqubomgomo egomela ukuthi cishe zonke izimpahla zedijithali zihlanganisa izinkontileka zokutshalwa kwezimali kwezibambiso ngaphandle kokuhambisana nenqubo yayo yokunquma esemthethweni.

Ngokwe-APA, imithetho emisha kufanele isungulwe ngenqubo ehlanganisa ukuhlinzeka ngesaziso somphakathi kanye nokufaka impendulo yomphakathi, okuyinto i-DEF ethi i-SEC ihlulekile ukuyenza.

"Imboni ye-crypto ibhekene nosongo olukhona oluvela kumlawuli oshiseka ngokweqile osebenzisa kabi amandla akhe ngokukhomba imboni yethu ngesenzo sokuqinisa esingapheli," kusho i-DEF. "Selokhu uSihlalo uGensler ethathe izintambo, i-SEC ... yamukela inqubomgomo entsha futhi yaqala ukuyisebenzisa ngamandla."

I-DEF ithe isinqumo senkantolo esigomela ukuthi i-SEC yephule i-API sizohlinzeka "isithiyo esikhulu emkhankasweni oqhubekayo we-SEC wokulawula ukweqisa."

I-DEF akuyona yodwa ekufuneni usizo ngokumelene ne-SEC yokulawula-by-enforcement crusade, ne-Coinbase, i-exchange ephezulu esekelwe e-US, efaka isikhalazo sayo ngokumelene ne-ejensi ngo-Ephreli 2023.

Icala likaCoinbase lifune ukuphoqa i-SEC ukuthi ihambisane nenqubo yayo yokubusa esemthethweni maqondana nokulawulwa kwemboni ye-crypto. I-SEC nayo inakho kufakwe isenzo somthetho ngokumelene ne-Coinbase, ethi ukushintshaniswa kwenze ukuhweba kwezibambiso ngaphandle kwelayisensi edingekayo.

I-DeFi Education Fund yaqala ukuvela njengenhlangano enempikiswano ngoJulayi 2021, ngalo msebenzi iyalayisha ingxenye yesibonelelo sayo sethokheni ye-UNI eyisigidi esi-1 esivela ku-Uniswap Foundation ngamaRandi ayizigidi ezingu-10 ngemva nje kokuthola izimpahla. I-DEF ithe ukuhlukanisa izinto ezibambisene nazo kuzoyinikeza “isabelomali esizinzile” ukuze ibhekane nezimo ezihlukene zemakethe futhi iqinisekise umzila wendiza wesikhathi esizayo.