美 SEC 主席公布“代币分类法”计划,用以明确区分加密货币是否属于证券

链捕手
Nov 12, 2025

ChainCatcher 消息,据 The Block 报道,美国证券交易委员会(SEC)主席 Paul Atkins 阐述了其加密“代币分类法”计划,用以明确区分哪些加密货币属于证券,同时 SEC 正以全新方式推进数字资产监管。

Paul Atkins 表示分类法将以豪威测试为根基。豪威测试源于 1946 年美国最高法院的一项判决,SEC 经常引用该测试来判定某资产是否构成投资合同,从而进一步被视为证券。

Paul Atkins 随后补充说,加密货币可以是投资合同的一部分,但这并不意味着它们将永远如此。

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