SEC 要求最終判決，對 Ripple 訴訟處以 20 億美元罰款

在 Ripple Labs 與 SEC 的訴訟中，SEC 提交了一份與補救措施相關的簡報，尋求對 Ripple 做出最終判決，包括永久禁令、沒收非法所得和總計近 20 億美元的民事罰款。該簡報認為，Ripple 進行未經註冊的 XRP 發行，違反了證券法，並認為 Ripple 投訴後的 XRP 銷售主要面向機構，損害了投資者的利益。 Ripple 高層批評 SEC 的非理性言論和不忠實遵守法律的行為。

SEC Demands Final Judgment and Penalties in Ripple Lawsuit

SEC 要求對 Ripple 訴訟做出最終判決和處罰

The United States Securities and Exchange Commission (SEC) has filed a remedies-related brief with the federal court, seeking a final judgment and substantial financial penalties against Ripple Labs Inc. The SEC's request includes permanent injunctions barring Ripple from further securities law violations, disgorgement of allegedly ill-gotten gains, prejudgment interest, and civil penalties totaling nearly $2 billion.

美國證券交易委員會(SEC) 已向聯邦法院提交了一份與補救措施相關的簡報，尋求對Ripple Labs Inc. 做出最終判決和巨額經濟處罰。SEC 的請求包括永久禁令，禁止Ripple 進一步違反證券法、追繳非法所得涉嫌非法所得、判決前利息和民事處罰總計近 20 億美元。

SEC's Allegations and Arguments

SEC 的指控和論點

The SEC's brief contends that Ripple violated Section 5 of the Securities Act of 1933 by offering and selling unregistered digital asset securities in the form of XRP. According to the SEC, Ripple raised over $1.3 billion through these unregistered offerings, which were primarily sold to institutional investors.

美國證券交易委員會的簡報稱，Ripple 以 XRP 的形式提供和銷售未經註冊的數位資產證券，違反了 1933 年《證券法》第 5 條。據 SEC 稱，Ripple 透過這些未註冊的發行籌集了超過 13 億美元，這些發行主要出售給機構投資者。

The SEC argues that Ripple intentionally misled investors by characterizing XRP as a utility token rather than a security. The SEC also alleges that Ripple failed to disclose discounts offered to institutional investors and did not adequately safeguard investor funds.

美國證券交易委員會認為，Ripple 將 XRP 描述為實用型代幣而不是證券，從而故意誤導投資者。美國證券交易委員會也指控 Ripple 未能披露向機構投資者提供的折扣，也沒有充分保護投資者的資金。

Ripple Executives and Crypto Community React

Ripple 高層與加密貨幣社群的反應

Ripple executives and the cryptocurrency community have strongly criticized the SEC's remedies-related brief and other documents filed in the case. Ripple CEO Brad Garlinghouse dismissed the $2 billion penalty as "illogical" and "without precedent." He accused the SEC of gross abuse of power and a selective interpretation of the law.

Ripple 高層和加密貨幣社群強烈批評了美國證券交易委員會在該案中提交的與補救措施相關的簡報和其他文件。 Ripple 執行長 Brad Garlinghouse 駁斥了 20 億美元的罰款，稱其「不合邏輯」且「史無前例」。他指責美國證券交易委員會嚴重濫用權力並選擇性地解釋法律。

Stuart Alderoty, Ripple's Chief Legal Officer (CLO), accused the SEC of engaging in intimidation tactics and attempting to punish Ripple and the industry as a whole. Alderoty stated that Ripple would file its response to the SEC's brief in late April.

Ripple 首席法務官 (CLO) Stuart Alderoty 指責 SEC 採取恐嚇策略，並試圖懲罰 Ripple 和整個行業。 Alderoty 表示，Ripple 將於 4 月底對 SEC 的簡報做出回應。

SEC's Proposed Orders

SEC 的擬議命令

In the proposed order submitted to the court, the SEC seeks the following penalties:

在提交給法院的擬議命令中，SEC 尋求以下處罰：

• $876,308,712 in disgorgement of allegedly ill-gotten gains
• $198,150,940 in prejudgment interest
• $876,308,712 in civil penalties

The SEC argues that these penalties are necessary to deter future securities law violations and to compensate investors who were allegedly harmed by Ripple's actions.

歸還涉嫌非法所得 876,308,712 美元 判決前利息 198,150,940 美元 民事處罰 876,308,712 美元 SEC 認為，這些處罰是必要的，以阻止未來的證券法違法行為，並賠償據稱因 Ripple 行為而受到傷害的投資者。

Negotiations and Potential Outcomes

談判和潛在結果

Ripple is expected to submit its opposition to the SEC's proposed order in April, and the SEC will file its reply in May. Judge Analisa Torres has extended the deadline for these submissions.

Ripple 預計將在 4 月向 SEC 提議的命令提出反對意見，SEC 將於 5 月提交答覆。阿娜麗莎·托雷斯法官延長了提交這些材料的截止日期。

Legal experts believe that the parties may engage in negotiations to avoid a full trial on the remedies issue. Judge Torres could also play a role in facilitating a resolution that is fair to both parties and the public interest.

法律專家認為，雙方可能會進行談判，以避免就救濟問題進行全面審判。托雷斯法官還可以在促進達成對雙方和公共利益公平的解決方案方面發揮作用。

XRP Price Movement

XRP 價格走勢

The release of the SEC's remedies-related brief and the reactions from Ripple executives have sparked increased interest in the cryptocurrency market. In the hours following the news, the price of XRP rose significantly, indicating that traders may be viewing the SEC's actions as a positive development for Ripple.

美國證券交易委員會發布的與補救措施相關的簡報以及 Ripple 高層的反應引發了人們對加密貨幣市場增加的興趣。在消息傳出後的幾個小時內，XRP 的價格大幅上漲，表明交易者可能將 SEC 的行動視為 Ripple 的積極進展。

However, it is important to note that the outcome of the lawsuit remains uncertain, and the price of XRP could fluctuate significantly depending on the court's decision and any subsequent appeals.

然而，值得注意的是，訴訟結果仍不確定，XRP 的價格可能會根據法院的判決和任何後續上訴而大幅波動。