SEC 的以太坊打擊行動會陷入死胡同嗎？

美國證券交易委員會對以太坊的打擊可能面臨僵局，因為 Ripple 的執行長預測他們的法律鬥爭將陷入死胡同。布拉德·加林豪斯 (Brad Garlinghouse) 認為，該機構將以太坊標記為證券的嘗試最終會碰壁，並援引了美國證券交易委員會過去在監管加密行業方面的法庭失敗。以太坊的命運懸而未決，專家們正在密切關注美國證券交易委員會的雄心壯志是否會在加林豪斯大膽預測的重壓下崩潰。

Will the SEC's Ethereum Ambitions Crumble?

SEC 的以太坊野心會破滅嗎？

The legal tussle between the SEC and Ethereum has captivated the crypto realm, with experts weighing in on potential outcomes. Ripple CEO Brad Garlinghouse has thrown his hat into the ring, predicting a triumphant victory for Ethereum.

美國證券交易委員會和以太坊之間的法律糾紛引起了加密領域的關注，專家們正在權衡潛在的結果。 Ripple 執行長 Brad Garlinghouse 已投身擂台，預測以太坊將會取得勝利。

Ripple CEO: SEC's Ethereum Battle Doomed to Fail

Ripple執行長：SEC的以太坊之戰注定失敗

Garlinghouse, an outspoken critic of the SEC, has asserted that the agency's efforts to paint Ethereum as a security are doomed to failure. He points to the SEC's history of courtroom setbacks in its pursuit of the crypto industry.

加林豪斯是美國證券交易委員會的直言不諱的批評者，他斷言該機構將以太坊描繪成證券的努力注定會失敗。他指出了美國證券交易委員會在追查加密貨幣行業過程中屢屢在法庭上遭遇挫折的歷史。

"The SEC's attempts to shoehorn the crypto industry into its legal framework have repeatedly ended in humiliating defeats," Garlinghouse said. "It's time for the SEC to recognize its own limitations and stop wasting taxpayer dollars on these frivolous lawsuits."

加林豪斯表示：“美國證券交易委員會試圖將加密貨幣行業強行納入其法律框架，但一再以恥辱性的失敗告終。” “美國證券交易委員會是時候認識到自己的局限性，並停止在這些無聊的訴訟上浪費納稅人的錢了。”

SEC vs. CFTC: A Regulatory Tug-of-War

SEC 與 CFTC：一場監管拉鋸戰

Garlinghouse's comments come amid growing tensions between the SEC and the Commodity Futures Trading Commission (CFTC), another US regulator. The SEC has been criticized for its aggressive approach to crypto regulation, while the CFTC has taken a more pragmatic stance.

加林豪斯發表上述言論之際，美國證券交易委員會與另一家美國監管機構商品期貨交易委員會（CFTC）之間的緊張關係日益加劇。美國證券交易委員會因其對加密貨幣監管的激進態度而受到批評，而美國商品期貨交易委員會則採取了更務實的立場。

"The SEC is lagging behind its international peers and competing with other regulators like the CFTC," Garlinghouse said. "When will the SEC realize that it can't keep fighting to label Ethereum a security, just like it did with XRP?"

加林豪斯表示：“美國證券交易委員會落後於國際同行，並與美國商品期貨交易委員會等其他監管機構競爭。” “美國證券交易委員會什麼時候才會意識到，它不能繼續努力將以太坊標記為證券，就像對待 XRP 那樣？”

Ripple's Partial Victories: A Warning Shot

Ripple 的部分勝利：警告

Ripple has scored partial victories against the SEC in its ongoing lawsuit. In July 2022, a judge ruled that XRP sales did not meet the requirements of the Howey Test, a legal framework used to determine whether an asset is a security.

Ripple 在針對 SEC 的持續訴訟中取得了部分勝利。 2022 年 7 月，法官裁定 XRP 銷售不符合 Howey 測試的要求，Howey 測試是用於確定資產是否為證券的法律框架。

The SEC's subsequent request for an interlocutory appeal was denied, preventing the agency from challenging the ruling until the conclusion of the lawsuit. These setbacks have cast doubt on the SEC's ability to prove its case against Ethereum.

美國證券交易委員會隨後提出的中間上訴請求被拒絕，這使得該機構在訴訟結束之前無法對裁決提出質疑。這些挫折讓人們對 SEC 證明其針對以太坊的案件的能力產生了懷疑。

The SEC's Coinbase Quandary

SEC 的 Coinbase 困境

Coinbase's recent self-certifications with the CFTC have further complicated the SEC's Ethereum ambitions. The CFTC's potential approval of futures ETFs for Bitcoin Cash, Dogecoin, and Litecoin could bolster the argument that these tokens are commodities, not securities.

Coinbase 最近向 CFTC 進行的自我認證讓 SEC 的以太坊野心更加複雜。 CFTC 可能批准比特幣現金、狗狗幣和萊特幣的期貨 ETF，這可能會支持這些代幣是商品而非證券的論點。

"The SEC's chances of overturning the 'Programmatic Sales of XRP' ruling may be undermined by the CFTC's classification of these tokens as commodities," Garlinghouse said. "This could be one reason why the SEC is so intent on fighting the CFTC."

加林豪斯表示：“美國證券交易委員會推翻‘XRP 程序化銷售’裁決的機會可能會因 CFTC 將這些代幣歸類為商品而受到削弱。” “這可能是 SEC 如此熱衷於對抗 CFTC 的原因之一。”

Ripple's Legal Marathon Nears the Finish Line

Ripple的合法馬拉松接近終點線

The Ripple-SEC lawsuit has been a protracted legal battle that began in 2020. The highly anticipated trial is scheduled for April 23, 2023. The outcome of this case could have significant implications for the regulatory landscape of cryptocurrencies in the United States.

Ripple-SEC 訴訟是一場從 2020 年開始的曠日持久的法律戰。備受期待的審判定於 2023 年 4 月 23 日進行。此案的結果可能對美國加密貨幣的監管格局產生重大影響。

Ethereum's Future: A Legal Crossroads

以太坊的未來：法律的十字路口

The SEC's pursuit of Ethereum has put the cryptocurrency's future in the balance. Garlinghouse's prediction of an SEC defeat adds to the uncertainty surrounding Ethereum's regulatory status. The legal battle between the SEC and Ethereum will undoubtedly shape the future of crypto regulation and the fate of Ethereum itself.

美國證券交易委員會對以太坊的追捕讓加密貨幣的未來岌岌可危。加林豪斯對美國證券交易委員會失敗的預測增加了以太坊監管地位的不確定性。美國證券交易委員會和以太坊之間的法律鬥爭無疑將影響加密貨幣監管的未來以及以太坊本身的命運。