SEC 指定在 2025 年 1 月 15 日提交 Ripple Labs 上訴開庭簡報的最後期限

上述文件是美國第二巡迴上訴法院的正式命令。它規定，被指定為「上訴人-交叉上訴人」的 SEC 必須在規定的日期 2025 年 1 月 15 日之前提交其簡報。

The U.S. Securities and Exchange Commission (SEC) has been given a final deadline of January 15, 2025, to file its opening brief in its appeal against Ripple Labs. If the SEC fails to meet this deadline, the Second Circuit Court of Appeals will dismiss the appeal, potentially ending the years-long case that has captivated the crypto community.

美國證券交易委員會 (SEC) 的最後期限是 2025 年 1 月 15 日，以提交針對 Ripple Labs 的上訴的開庭陳述。如果美國證券交易委員會未能在這一期限內完成，第二巡迴上訴法院將駁回上訴，從而可能結束這場困擾加密貨幣社區多年的案件。

This development represents a critical moment for both Ripple and the regulatory landscape for cryptocurrency in the United States, as the case’s outcome could have far-reaching implications.

這一事態發展對瑞波幣和美國加密貨幣的監管格局來說都是一個關鍵時刻，因為此案的結果可能會產生深遠的影響。

The document above is an official order from the United States Court of Appeals for the Second Circuit. It specifies that the SEC, designated as the “Appellant-Cross-Appellee,” must submit its brief by the set date of January 15, 2025. This order was filed in response to a scheduling notification by the SEC’s counsel, following a request for additional preparation time due to the complexities of the case.

上述文件是美國第二巡迴上訴法院的正式命令。它規定，被指定為「上訴人交叉上訴人」的 SEC 必須在規定日期 2025 年 1 月 15 日之前提交其簡報。

The court’s message is clear: if the SEC misses this deadline, its appeal will be automatically dismissed, bringing Ripple one step closer to a legal victory.

法院的訊息很明確：如果 SEC 錯過了這個最後期限，其上訴將被自動駁回，使 Ripple 離法律勝利又更近了一步。

The order also underscores that no additional time extensions will be granted that could affect this filing deadline. The court refers to a past ruling, RLI Insurance Co. v. JDJ Marine, Inc., to reinforce that this deadline is final, emphasizing the urgency and seriousness with which the court is handling the case.

該命令還強調，不會給予可能影響該提交截止日期的額外時間延期。法院參考了過去的一項裁決（RLI Insurance Co. v. JDJ Marine, Inc.），以強調該最後期限是最終期限，並強調法院處理此案的緊迫性和嚴肅性。

Background on the SEC v. Ripple Case

SEC v. Ripple 一案的背景

The SEC’s lawsuit against Ripple Labs began in December 2020, when the agency alleged that Ripple conducted an unregistered securities offering through its sale of XRP tokens.

美國證券交易委員會對 Ripple Labs 的訴訟始於 2020 年 12 月，當時該機構指控 Ripple 透過銷售 XRP 代幣進行未經註冊的證券發行。

Ripple has consistently refuted these claims, maintaining that XRP is not a security. The case has become one of the most closely watched in the crypto space, as it may set a precedent for how other digital assets are regulated in the U.S.

Ripple 一直在反駁這些說法，堅稱 XRP 不是一種證券。該案件已成為加密貨幣領域最受關注的案件之一，因為它可能為美國如何監管其他數位資產樹立先例

A major turning point came in July 2023, when U.S. District Judge Analisa Torres issued a mixed ruling. Judge Torres ruled that XRP sales to institutional investors did violate securities laws, but sales on public exchanges did not. This partial victory for Ripple was celebrated by the crypto community, as it signaled that public XRP sales might be exempt from securities regulations.

2023 年 7 月出現了重大轉折，美國地區法官阿娜麗莎·托雷斯 (Analisa Torres) 做出了混合裁決。托雷斯法官裁定，向機構投資者銷售 XRP 確實違反了證券法，但在公共交易所進行銷售則沒有。 Ripple 的這一部分勝利受到了加密貨幣社區的慶祝，因為它表明公開的 XRP 銷售可能會免受證券監管。

The SEC subsequently filed an appeal, hoping to challenge Judge Torres’ ruling and reassert its authority over certain aspects of the crypto market. Ripple, in turn, filed a cross-appeal to dispute the parts of the ruling that went against the company. The case took another twist in October 2024 when the SEC requested additional time for filing, which the court granted with a strict deadline set for early 2025.

美國證券交易委員會隨後提出上訴，希望對托雷斯法官的裁決提出質疑，並重申其對加密貨幣市場某些方面的權威。 Ripple 隨後提出交叉上訴，對裁決中不利於該公司的部分提出異議。 2024 年 10 月，該案再次出現轉折，當時 SEC 要求延長立案時間，法院批准了這項請求，並將嚴格的截止日期定為 2025 年初。

Optimism for Ripple

對瑞波幣的樂觀態度

With the court-imposed deadline in place, the crypto community is optimistic about Ripple’s prospects. XRP has already seen a surge in trading volume, reflecting investor confidence in the company’s chances. Ripple’s leadership, including CEO Brad Garlinghouse and Executive Chairman Chris Larsen, continues to push back against the SEC’s claims, aiming for a definitive ruling that would dismiss the remaining securities charges.

隨著法院規定的最後期限的到來，加密社群對 Ripple 的前景感到樂觀。 XRP 的交易量已經激增，反映出投資者對該公司機會的信心。 Ripple 的領導階層，包括執行長布拉德·加林豪斯(Brad Garlinghouse) 和執行主席克里斯·拉森(Chris Larsen)，繼續反駁SEC 的指控，旨在做出最終裁決，駁回剩餘的證券指控。

As the January 15, 2025, deadline looms, Ripple’s case is at a pivotal point. A dismissal of the SEC’s appeal would not only be a victory for Ripple but could also reinforce the stance that certain digital assets may not fall under traditional securities laws.

隨著 2025 年 1 月 15 日截止日期的臨近，Ripple 的案件正處於關鍵時刻。駁回 SEC 的上訴不僅是 Ripple 的勝利，而且可能強化某些數位資產可能不受傳統證券法管轄的立場。