Coinbase 的裁決威脅 Ripple 的 XRP 訴訟

最近一項針對 Coinbase 質押行為的裁決引發了人們對其可能對正在進行的 Ripple 與 SEC 訴訟的影響的擔憂。該決定駁回了 Coinbase 駁回 SEC 訴訟的動議，導致法律專家質疑法官 Analisa Torres 早先在 XRP 案件中的決定是否可以被推翻。

Coinbase Ruling Raises Stakes in Ripple's XRP Lawsuit: Experts Warn of Ripple Reversal

Coinbase 的裁決增加了 Ripple 的 XRP 訴訟風險：專家警告 Ripple 逆轉

A recent bombshell decision by a federal court against cryptocurrency exchange Coinbase has sent shockwaves through the crypto community, casting a long shadow over the ongoing legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) over its XRP token. In a setback for Coinbase, the court rejected its motion to dismiss a lawsuit filed by the SEC, ruling that the Commission had provided ample evidence to establish Coinbase's status as an exchange, broker, and clearing agency subject to federal securities laws.

聯邦法院最近針對加密貨幣交易所Coinbase 做出的重磅裁決在加密貨幣社區引起了軒然大波，給Ripple Labs 和美國證券交易委員會(SEC) 之間圍繞其XRP 代幣正在進行的法律鬥爭蒙上了長長的陰影。 Coinbase 挫折的是，法院駁回了駁回 SEC 提起訴訟的動議，裁定 SEC 已提供充足的證據來確立 Coinbase 作為受聯邦證券法管轄的交易所、經紀人和清算機構的地位。

This landmark ruling has raised eyebrows among legal experts, who see it as a potential harbinger of trouble for Ripple's XRP lawsuit. Charles Gasparino, a renowned securities lawyer, tweeted that Judge Katherine Failla's decision against Coinbase "should be a warning to $XRP holders that Judge Torres's @Ripple analysis is likely to be reversed by the federal courts."

這項具有里程碑意義的裁決引起了法律專家的關注，他們認為這可能是 Ripple 的 XRP 訴訟陷入困境的先兆。著名證券律師 Charles Gasparino 在推特上表示，法官 Katherine Failla 對 Coinbase 的裁決“應該向 $XRP 持有者發出警告，托雷斯法官的 @Ripple 分析可能會被聯邦法院推翻。”

Judge Analisa Torres had previously ruled in favor of Ripple, holding that XRP was not a security. However, Judge Failla's decision demonstrates a shift in judicial sentiment, suggesting that Judge Torres's analysis may be overturned on appeal.

法官 Analisa Torres 先前曾做出有利於 Ripple 的裁決，認為 XRP 不是證券。然而，法伊拉法官的決定表明了司法情緒的轉變，表明托雷斯法官的分析可能會在上訴時被推翻。

The Coinbase ruling also highlights the SEC's growing concerns about the sale of unregistered tokens and the practice of staking, where investors earn rewards for holding certain cryptocurrencies. The SEC's crackdown on these activities is seen as an effort to protect investors from potential fraud and abuse in the largely unregulated crypto market.

Coinbase 的裁決也凸顯了 SEC 對未註冊代幣的銷售和質押做法日益擔憂，投資者透過持有某些加密貨幣來獲得獎勵。美國證券交易委員會對這些活動的打擊被視為是為了保護投資者免受基本上不受監管的加密貨​​幣市場中潛在的詐欺和濫用行為的影響。

"The Coinbase staking practice and non-registered token sales are cause for concern for the SEC," said Jeremy Hogan, a prominent crypto lawyer. "This decision signals a more aggressive approach by the SEC to regulate the crypto industry."

著名加密貨幣律師傑里米·霍根 (Jeremy Hogan) 表示：“Coinbase 的質押做法和未註冊的代幣銷售引起了 SEC 的擔憂。” “這一決定標誌著美國證券交易委員會將採取更積極的方式來監管加密貨幣行業。”

Meanwhile, the Coinbase ruling has also opened the door to a potential settlement between Ripple and the SEC. With the prospect of a lengthy and uncertain legal battle looming large, Ripple could seek to negotiate an early settlement to resolve the uncertainties surrounding the case.

同時，Coinbase 的裁決也為 Ripple 與 SEC 之間達成和解打開了大門。隨著一場漫長且不確定的法律鬥爭的前景迫在眉睫，Ripple 可能會尋求透過談判達成早期和解，以解決圍繞該案的不確定性。

"Ripple may be more willing to compromise with the SEC to avoid further legal expenses and uncertainty," said Jake Chervinsky, another crypto lawyer.

另一位加密貨幣律師 Jake Chervinsky 表示：“Ripple 可能更願意與 SEC 妥協，以避免進一步的法律費用和不確定性。”

The legal drama surrounding Coinbase and Ripple's XRP lawsuit is far from over. The Coinbase ruling has added a new layer of complexity to the case and has raised the stakes for Ripple. As the legal battle continues, it remains to be seen how the courts will ultimately rule on the status of XRP. One thing is for certain: the outcome of this case will have far-reaching implications for the entire crypto industry.

圍繞 Coinbase 和 Ripple 的 XRP 訴訟的法律戲劇還遠未結束。 Coinbase 的裁決使案件變得更加複雜，並提高了 Ripple 的賭注。隨著法律鬥爭的繼續，法院最終將如何裁決 XRP 的地位還有待觀察。有一點是肯定的：此案的結果將對整個加密產業產生深遠的影響。