最新报道:The SEC suggests liquidity mining may not qualify as securities, marking a shift from previous enforcement approaches. Commissioner Caroline Atkins advocates ending offshore crypto structures, emphasizing domestic compliance for asset distributions. DeFi protocols such as Linea are experimenting with non-token incentive models, aligning with potential non-security classifications. However, regulatory uncertainty persists due to the lack of official SEC guidance, complicating DeFi project development. The outcome of the Ripple lawsuit (expected August 2025) and evolving global crypto regulations may influence future compliance frameworks.