美SEC与Everstake会晤探索区块链网络质押的更清晰监管定义

金色财经
May 17, 2025

【美SEC与Everstake会晤探索区块链网络质押的更清晰监管定义】金色财经报道,美国证券交易委员会(SEC)加密货币特别工作组披露近期已与非托管质押服务提供商 Everstake 会面,后者主张非托管质押应被视为技术性协议机制,而非证券交易。 Everstake 创始人 Sergii Vasylchuk 表示,用户在质押过程中始终保有对数字资产的控制权,未将资产所有权转移给第三方,因此质押更类似于区块链网络的基础技术功能,而非投资产品。 根据 Everstake 提交的法律意见指出,非托管质押不符合 Howey 测试中关于“投资合同”的四项标准:用户未将资金投入共同企业、无从他人努力中获利的预期、未依赖服务提供商的管理行为,且质押奖励由区块链协议自动分发,因此建议明确指南以确认非托管质押不构成证券发行,以促进区块链创新并降低监管不确定性。截至目前,美 SEC 尚未就此发表明确立场,但表示将继续听取行业意见。

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