美國證券交易委員會 (SEC) 對 Ripple 開出 20 億美元罰款，引發超額罰款

Is the SEC's Request for $2 Billion in Fines Excessive?

SEC 要求 20 億美元罰款是否過高？

The U.S. Securities and Exchange Commission (SEC) has ratcheted up its legal tussle with Ripple Labs by demanding a staggering $2 billion in fines and penalties from the company, a move that has drawn the ire of Ripple's legal counsel.

美國證券交易委員會 (SEC) 加劇了與 Ripple Labs 的法律糾紛，要求該公司支付高達 20 億美元的罰款和處罰，此舉引起了 Ripple 法律顧問的憤怒。

Stuart Alderoty, Ripple's Chief Legal Officer, took to social media to denounce the SEC's request, characterizing it as "excessive" and "misleading." He vowed that Ripple would file a formal response in the coming weeks, expressing concern over the agency's overall regulatory approach.

Ripple 首席法務官 Stuart Alderoty 在社交媒體上譴責 SEC 的要求，稱其“過度”和“誤導”。他發誓 Ripple 將在未來幾週內提交正式回應，對該機構的整體監管方式表示擔憂。

Has the SEC Overstepped Its Authority?

SEC 越權了？

Alderoty's criticism echoes the sentiments of Ripple CEO Brad Garlinghouse, who highlighted recent court decisions where judges have rebuked the SEC in lawsuits involving other cryptocurrency firms. Garlinghouse argued that the SEC's actions demonstrate a disregard for legal precedent and a lack of focus on addressing genuine securities fraud within the cryptocurrency space.

Alderoty 的批評呼應了 Ripple 執行長 Brad Garlinghouse 的觀點，他強調了最近法院的判決，法官在涉及其他加密貨幣公司的訴訟中譴責了 SEC。加林豪斯認為，美國證券交易委員會的行為顯示了對法律先例的漠視，並且缺乏對解決加密貨幣領域內真正的證券詐欺問題的關注。

The Background of the Legal Dispute

法律糾紛的背景

The SEC filed its lawsuit against Ripple in December 2020, alleging that the company raised over $1.3 billion through the sale of XRP without proper registration. The SEC maintains that XRP functions like a stock and should be subject to securities regulations.

美國證券交易委員會 (SEC) 於 2020 年 12 月對 Ripple 提起訴訟，指控該公司在未經適當註冊的情況下透過銷售 XRP 籌集了超過 13 億美元資金。 SEC 認為 XRP 的功能就像股票一樣，應該受到證券監管。

Ripple's Partial Victory

Ripple 的部分勝利

Last year, in a partial victory for Ripple, a judge ruled that certain XRP sales conducted through a blind bidding process did not qualify as securities offerings. However, the judge determined that direct sales of XRP to institutional investors constituted unregistered securities.

去年，Ripple 取得了部分勝利，法官裁定透過盲目競價過程進行的某些 XRP 銷售不符合證券發行的資格。然而，法官認定，向機構投資者直接銷售 XRP 構成未註冊證券。

Implications for the Cryptocurrency Industry

對加密貨幣產業的影響

The SEC's request for a $2 billion judgment has significantly raised the stakes in this ongoing legal battle. The specific details of the SEC's filing remain confidential, but Ripple's response is expected next month.

美國證券交易委員會 (SEC) 要求做出 20 億美元的判決，這大大增加了這場正在進行的法律鬥爭的風險。美國證券交易委員會提交的文件的具體細節仍然保密，但 Ripple 預計將在下個月做出回應。

This case has far-reaching implications for the cryptocurrency industry. A definitive ruling on the classification of XRP could establish a precedent for how the SEC regulates other digital assets, a development that is being closely watched by cryptocurrency companies and investors worldwide.

此案對加密貨幣產業影響深遠。關於 XRP 分類的最終裁決可能會為 SEC 如何監管其他數位資產樹立先例，這一進展正在受到全球加密貨幣公司和投資者的密切關注。

Is the SEC's Regulatory Strategy Misguided?

SEC 的監管策略是否有誤導？

Alderoty has criticized the SEC's regulatory strategy, arguing that it is not acting in good faith and that its actions appear aimed at punishing Ripple and the broader cryptocurrency industry rather than faithfully applying the law. He has also expressed concern that the SEC's focus on XRP is diverting resources from addressing more pressing issues within the cryptocurrency space.

Alderoty 批評了 SEC 的監管策略，認為其行為並非善意，其行動似乎旨在懲罰 Ripple 和更廣泛的加密貨幣行業，而不是忠實地適用法律。他還表示擔心 SEC 對 XRP 的關注正在轉移資源，無法解決加密貨幣領域內更緊迫的問題。

The Future of the Lawsuit

訴訟的未來

The ongoing legal battle between the SEC and Ripple Labs is likely to reach a critical juncture in the coming weeks as Ripple files its formal response to the SEC's request for a $2 billion judgment. The outcome of this lawsuit could have far-reaching implications for the cryptocurrency industry, setting a precedent for the regulation of digital assets and shaping the future of cryptocurrency innovation.

隨著 Ripple 對 SEC 要求的 20 億美元判決請求做出正式回應，SEC 和 Ripple Labs 之間正在進行的法律鬥爭可能會在未來幾週達到關鍵時刻。該訴訟的結果可能對加密貨幣產業產生深遠影響，為數位資產監管開創先例，並塑造加密貨幣創新的未來。