SEC對Ripple的上訴放棄了，為潛在的細微降低和監管清晰度打開了大門

隨著與SEC的談判繼續進行談判，Ripple可能會談判其1.25億美元的罰款至1000萬美元，從而塑造其未來的合規性和運營。

The U.S. Securities and Exchange Commission (SEC) has now dropped its appeal against Ripple in a significant development. This move follows a recent pattern by the SEC in cases like Coinbase (NASDAQ:COIN) and Kraken, where the regulator chose not to pursue appeals further.

美國證券交易委員會（SEC）現在已經在重大發展中放棄了對Ripple的上訴。在Coinbase（Nasdaq：Coin）和Kraken等案件中，SEC的最新模式遵循，監管機構選擇不進一步提出上訴。

However, while the appeal has been dropped, the case isn't entirely closed yet. Ripple still has a pending cross appeal, and the initial $150 million (later amended to $125 million) fine remains to be finalized.

但是，儘管上訴已撤銷，但案件尚未完全關閉。 Ripple仍然有未決的交叉吸引力，最初的1.5億美元（後來修訂至1.25億美元）罰款尚待確定。

This case centers around Ripple’s alleged unlawful sale of unregistered securities in the form of its cryptocurrency, XRP.

此案圍繞著Ripple涉嫌以其加密貨幣XRP的形式出售未註冊證券的非法出售。

Thinking Crypto’s host, Ben Armstrong, was joined by attorney Fred Rispoli to discuss what this latest development means for Ripple and the broader crypto industry.

Thinking Crypto的主持人Ben Armstrong律師Fred Rispoli加入了討論這一最新發展對Ripple和更廣泛的加密貨幣行業意味著什麼。

Federal Agencies and Their Political Factor

聯邦機構及其政治因素

Rispoli explained that federal agencies like the SEC are often influenced by political considerations in their decision-making. This aspect of government bodies has been a subject of discussion for a long time, and Rispoli highlighted a shift in the past two decades.

里斯波利（Rispoli）解釋說，像SEC這樣的聯邦機構在決策中通常受到政治考慮的影響。很長一段時間以來，政府機構的這一方面一直是討論的主題，里斯波利強調了過去二十年來發生了變化。

He explained that there are several levels of bureaucracy involved, and the process can be quite lengthy. In contrast, cases like Coinbase and Kraken went through more stages before reaching the Supreme Court level.

他解釋說，涉及幾個級別的官僚機構，過程可能很漫長。相比之下，Coinbase和Kraken等案件經過了更多階段，然後才能到達最高法院一級。

However, Ripple’s case has progressed further, which explains why Ripple is pushing back and prefers not to settle quickly.

但是，Ripple的案子進一步進展，這解釋了為什麼Ripple推遲推進，並且更喜歡不快速定居。

Possible Outcome for Ripple’s $125 Million Fine

Ripple的1.25億美元罰款的可能結果

When asked whether Ripple will attempt a cross appeal to reduce or eliminate the $125 million fine, Rispoli responded that they are likely already working on it. He stated that every lawsuit has two components: the law itself and the individuals who are involved.

當被問及Ripple是否會嘗試減少或消除1.25億美元的罰款時，Rispoli回答說，他們可能已經在為之努力。他說，每個訴訟都有兩個組成部分：法律本身和參與的個人。

According to Rispoli, there’s a possibility that the fine could be lowered to around $10 to $12 million, an amount which Rispoli said aligns with an initial proposal from Ripple.

根據里斯波利（Rispoli）的說法，有可能將罰款降至10到1200萬美元左右，這是里斯波利（Rispoli）表示，這與Ripple的初步提議相符。

He added that the SEC’s decision to drop its appeal signals that negotiations are already in progress. In exchange for Ripple’s cross appeal, the SEC might agree to reduce the fine or grant other concessions, such as lifting the injunctions on Ripple’s operations.

他補充說，美國證券交易委員會決定放棄上訴信號，即談判已經在進行中。為了換取Ripple的交叉上訴，SEC可能同意減少罰款或授予其他特許權，例如取消有關Ripple行動的禁令。

This would allow Ripple to proceed without any further regulatory constraints.

這將使波紋在沒有任何進一步的監管限制的情況下進行。

Looking Ahead

展望未來

Rispoli further noted that Ripple might ultimately drop their cross appeal in exchange for a lower amount and a written agreement from the SEC confirming that Ripple’s activities are now compliant with the regulator’s rules.

里斯波利進一步指出，波紋最終可能會放棄交叉上訴，以換取SEC的較低金額和書面協議，確認Ripple的活動現在符合監管機構的規則。

He believes there’s a good chance of an agreement that paves the way for Ripple to continue. This includes plans for future capital raising and potentially even a future public offering.

他認為，達成協議有很大的機會為Ripple繼續鋪平道路。這包括未來資本籌集的計劃，甚至可能是未來的公開募捐計劃。