涉及Ripple XRP令牌英寸的兩個重大事件接近分辨率

SEC針對Ripple Labs的案件從2020年12月開始，認為該公司出售了XRP代幣，因此從事未註冊的證券優惠。

Two major events involving Ripple’s XRP token are inching closer to resolution—the continuous legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) and the possible approval of XRP-oriented Exchange-Traded Funds (ETFs). These developments have the landscape of cryptocurrencies humming with expectation as these changes could have a big impact on XRP’s price and place in the larger financial system.

涉及Ripple XRP代幣的兩個重大事件正在更接近解決方案 - Ripple Labs與美國證券交易委員會（SEC）之間的持續法律糾紛，以及可能批准XRP面向XRP的交易所交易基金（ETFS）。這些事態發展具有嗡嗡作響的加密貨幣的景觀，因為這些變化可能會對XRP的價格和在較大的金融體系中的位置產生重大影響。

Legal Drama Unfolding: Towards a Resolution in Sight

法律戲劇展開：邁向視力解決方案

The SEC’s case, which began in December 2020, claims that Ripple sold XRP tokens illegally in an unregistered securities offering over a period of several years. This lawsuit has largely engrossed the crypto sector as it bears on the classification and regulation of digital assets within the U.S.

SEC的案件始於2020年12月，聲稱Ripple在幾年的時間內以未註冊的證券非法出售了XRP令牌。該訴訟在很大程度上全神貫注於加密貨幣部門，因為它對美國境內的數字資產進行了分類和調節

Recently, there have been strong suggestions that a settlement might be nearer than previously thought. According to reports, the SEC is now considering dropping its appeal in the Ripple case. Internal discussions at the agency appear to be focused on categorizing XRP as a commodity instead of a security.

最近，有強有力的建議，即定居點可能比以前想像的要近。據報導，SEC現在正在考慮在Ripple案中放棄上訴。該機構的內部討論似乎專注於將XRP歸類為商品而不是安全性。

This categorization would align XRP with assets like gold or oil, which would render it subject to less stringent regulatory oversight compared to securities. Furthermore a critical hearing is scheduled for 16th April, 2025. By this time, Ripple is expected to submit its reply brief to the SEC, addressing the remaining allegations and setting the stage for a potential decision.

這種分類將使XRP與黃金或石油等資產保持一致，與證券相比，這將使其受到嚴格的監管監督。此外，計劃於2025年4月16日舉行批判性聽證會。到這個時候，Ripple預計將其答复摘要向SEC提交，以解決剩餘的指控，並為潛在的決定奠定了基礎。

XRP ETFs Await Approval

XRP ETF等待批准

Concurrently with the unfolding judicial processes, the community of crypto investors is keenly observing the status of ETFs with an emphasis on XRP. Nine companies—including prominent asset managers Grayscale, Bitwise, ProShares, and Franklin Templeton—had applied with the SEC to launch XRP ETFs by 12th March, 2025.

加密投資者的社區同時，與不斷發展的司法程序一起，敏銳地觀察了ETF的地位，重點是XRP。九家公司（包括著名的資產經理灰度，位，Proshares和Franklin Templeton）申請了SEC在2025年3月12日之前啟動XRP ETF。

These financial instruments aim to provide both institutional and individual investors with controlled exposure to XRP, increasing its accessibility and potentially leading to greater market liquidity. In a relevant move, Grayscale has applied to convert its existing XRP Trust into an ETF, showcasing a response to shifting investor preferences and the evolving regulatory landscape.

這些金融工具旨在為機構和個人投資者提供受控XRP的影響，從而提高其可及性，並可能導致更大的市場流動性。相關舉動，Grayscale申請將其現有的XRP信託轉換為ETF，展示了對轉移投資者偏好和不斷發展的監管環境的回應。

For these purposes, the SEC has adopted a cautious yet generally favorable attitude. Although no licenses have yet been granted, the agency’s acceptance of the submissions and the overall pro-crypto stance of the current administration have fueled speculations that approvals could be forthcoming. President Donald Trump’s recent establishment of a Bitcoin Strategic Reserve, which includes XRP, further underscores the administration’s supportive attitude toward digital assets.

出於這些目的，SEC採取了謹慎但通常有利的態度。儘管尚未授予許可，但該機構對提交的意見和當前政府的總體支持者立場的接受激發了人們的猜測，即批准可能即將到來。唐納德·特朗普（Donald Trump）總統最近建立了包括XRP在內的比特幣戰略儲備，進一步強調了政府對數字資產的支持態度。

Market Implications: Soaring Value for XRP

市場含義：XRP的飆升價值

The market value of XRP could experience a surge with the occurrence of both a favorable legal outcome in the case and the approval of XRP ETFs. Analysts anticipate that these events could trigger a significant influx of institutional money, increasing demand and impacting XRP’s price.

XRP的市場價值可能會出現激增，並在此案中出現有利的法律​​結果和XRP ETF的批准。分析師預計，這些事件可能會引發大量機構資金，增加需求並影響XRP的價格。

Some projections indicate that XRP could achieve a market capitalization of $200 billion. This level of institutional demand would be realized should the SEC permit the launch of ETFs and institutions invest in cryptocurrencies to an extent last seen with the introduction of Bitcoin futures in early 2024.

一些預測表明，XRP可以實現2000億美元的市值。如果SEC允許ETF和機構投資加密貨幣，將在某種程度上在2024年初引入比特幣期貨時，將實現這一水平的機構需求。