Pro-XRP 法律專家 Jeremy Hogan 對 SEC v. Coinbase 訴訟的最新進展做出回應

受歡迎的支持 XRP 的法律專家傑里米·霍根 (Jeremy Hogan) 對 SEC 訴 Coinbase 訴訟的最新進展做出了回應，一名聯邦法官批准了該交易所的中間上訴請求。

Popular pro-XRP legal expert Jeremy Hogan has reacted to the recent development in the SEC v. Coinbase lawsuit, where a federal judge granted the exchange’s interlocutory appeal request.

受歡迎的支持 XRP 的法律專家傑里米·霍根 (Jeremy Hogan) 對 SEC 訴 Coinbase 訴訟的最新進展做出了反應，一名聯邦法官批准了該交易所的中間上訴請求。

In a surprising move, District Judge Katherine Polk Failla granted Coinbase the request to pursue an interlocutory appeal in its lawsuit against the SEC. The judge paused the remaining part of the case until the Second Circuit addressed the interlocutory appeal.

令人驚訝的是，地區法官 Katherine Polk Failla 批准了 Coinbase 在針對 SEC 的訴訟中提出中間上訴的請求。法官暫停了案件的剩餘部分，直到第二巡迴法院處理中間上訴。

Coinbase Chief Legal Officer Paul Grewal, as always, brought the development to the public’s attention in an X post yesterday. Grewal thanked the court for granting the exchange’s motion for leave to pursue an interlocutory appeal.

Coinbase 首席法務官 Paul Grewal 一如既往地在昨天的 X 帖子中向公眾通報了這一進展。 Grewal 感謝法院批准交易所提出中間上訴的動議。

Over the strenuous objection of @SECGov, Judge Failla has GRANTED our motion for leave to pursue an interlocutory appeal and STAYED the district court litigation.

在 @SECGov 的強烈反對下，法伊拉法官批准了我們提出中間上訴的動議，併中止了地區法院的訴訟。

We appreciate the Court's careful consideration.

我們讚賞法院的認真考慮。

On to the Second Circuit we go.

我們前往第二巡迴賽。

pic.twitter.com/FuZ2jcYvfF

— paulgrewal.eth (@iampaulgrewal) January 7, 2025

- paulgrewal.eth (@iampaulgrewal) 2025 年 1 月 7 日

Coinbase Latest Decision

Coinbase最新決定

The interlocutory appeal, as highlighted by Judge Failla, revolves around the question of whether an investment contract necessitates an actual contract. According to the judge, this issue presents “a controlling question of law” regarding the application of the Howey Test, a well-established security test in the United States, to crypto assets.

正如法伊拉法官所強調的那樣，中間上訴圍繞著投資合約是否需要實際合約的問題。法官表示，這個問題提出了關於豪伊測試（美國成熟的安全測試）對加密資產的應用的「一個控制性法律問題」。

Despite criticizing Coinbase for attempting to discredit the SEC’s regulatory approach to crypto assets, the judge nevertheless granted its interlocutory appeal request, which was filed in April 2024.

儘管批評 Coinbase 試圖抹黑 SEC 對加密資產的監管方式，但法官還是批准了其於 2024 年 4 月提出的中間上訴請求。

The judge pointed to conflicting rulings from other federal courts on this matter, emphasizing the need for guidance from a higher court such as the Second Circuit Court of Appeals.

法官指出其他聯邦法院對此事的裁決相互矛盾，強調需要第二巡迴上訴法院等更高一級法院的指導。

Attorney Hogan’s Reaction

霍根律師的反應

Commenting on the development, Attorney Hogan described the decision as “big news in the legal crypto space.” He added that the issue of whether an investment contract requires an actual contract is also a point of contention in the Ripple appeal, which is set to begin fully later this month.

霍根律師在評論事態發展時將這一決定描述為「合法加密貨幣領域的重大新聞」。他補充說，投資合約是否需要實際合約的問題也是 Ripple 上訴中的一個爭論點，該上訴將於本月晚些時候全面開始。

According to Hogan, it is very rare for a district judge to grant an interlocutory appeal request. He said that the decision suggests that the judge “thinks there is something there.”

霍根表示，地方法官批准中間上訴請求的情況非常罕見。他說，這一決定表明法官「認為確實有問題」。

This indicates that the judge believes the issue of whether an investment contract requires an actual contract to be immediately reviewed by a higher court.

這表明法官認為投資合約是否需要實際合約的問題應立即由上級法院審查。

It can be recalled that a federal judge denied the SEC’s request for an interlocutory appeal in the Ripple lawsuit in October.

值得回憶的是，10 月一位聯邦法官駁回了 SEC 在 Ripple 訴訟中提出的中間上訴請求。

What’s Next in the Coinbase Lawsuit

Coinbase 訴訟的下一步是什麼

Following Judge Failla’s decision, Coinbase will now file a notice of appeal with the Second Circuit. If the Second Circuit agrees to hear the appeal, Coinbase will submit its appeal brief, arguing why the SEC’s claims of violating federal securities laws are incorrect.

根據 Failla 法官的裁決，Coinbase 現在將向第二巡迴法院提交上訴通知。如果第二巡迴法院同意審理上訴，Coinbase 將提交上訴摘要，論證 SEC 違反聯邦證券法的指控為何不正確。

The SEC will then file its opposition, and the Second Circuit will issue its decision. After that, Judge Katherine will resume the lawsuit at the district level.

然後，美國證券交易委員會將提出反對意見，第二巡迴法院將發布其決定。此後，凱瑟琳法官將在地區一級恢復訴訟。

Meanwhile, the upcoming changes at the SEC could have a significant impact on the outcome of the lawsuit. Notably, crypto skeptic Gary Gensler will be succeeded as SEC chair by Paul Atkins, a pro-crypto advocate.

同時，美國證券交易委員會即將發生的變化可能會對訴訟結果產生重大影響。值得注意的是，加密貨幣懷疑論者加里·詹斯勒 (Gary Gensler) 將由支持加密貨幣的倡導者保羅·阿特金斯 (Paul Atkins) 接任 SEC 主席。

As a result, both parties may decide to settle the lawsuit and put an end to the legal battle, which started in June 2023.

因此，雙方可能決定和解，結束自 2023 年 6 月開始的法律戰。