SEC的Ripple戰鬥即將崩潰，前SEC官方官員表示結束

美國證券交易委員會（SEC）似乎正在解開其加密執行計劃，並進行了多次法律撤退和內部重組。

The U.S. Securities and Exchange Commission (SEC) is reportedly unraveling its crypto-enforcement program, with multiple legal retreats and internal restructuring taking place. A former SEC official is now predicting that the Ripple appeal will be next to be abandoned.

據報導，美國證券交易委員會（SEC）正在揭露其加密執行計劃，並進行了多次法律撤退和內部重組。一位前美國證券交易委員會（SEC）的官員現在預測，波紋上訴將被放棄。

Former SEC enforcement chief John Reed Stark highlighted the shift on social media platform X this week, stating: “As predicted, like the rest of the SEC’s crypto-enforcement program, the SEC Coinbase case is dead.” He stressed: “The SEC Ripple appeal is obviously next on the chopping block.”

前美國證券交易委員會執法部長約翰·里德·斯塔克（John Reed Stark）本周強調了社交媒體平台X上的轉變，他指出：“正如預測的那樣，就像SEC的其他執法計劃一樣， SEC Coinbase案已經死了。”他強調說：“ SEC Ripple的吸引力顯然是斬波塊。”

Stark explained that the agency's retreat from crypto enforcement signaled a broader shift in its regulatory approach and anticipated that more cases, including the high-profile Ripple appeal, would soon be abandoned.

斯塔克解釋說，該機構從加密執法中撤退表明其監管方法發生了更大的轉變，並預計將很快放棄更多的案件，包括備受矚目的波紋上訴。

The SEC recently dropped its appeal concerning whether crypto firms should be classified as securities dealers, backing away from efforts to expand its authority after facing legal challenges from industry groups. This decision follows a pattern under acting SEC Chair Mark Uyeda, who has overseen several crypto enforcement pauses since taking the helm.

SEC最近放棄了有關加密貨幣公司是否應歸類為證券交易商的上訴，在面對行業集團的法律挑戰之後，退出了擴大其權力的努力。該決定是在代理SEC主席馬克·烏耶達（Mark Uyeda）下的模式下進行的，後者自從掌管以來一直監督了幾次加密執法。

The former SEC official predicted that the agency's next move would be to abandon its case against Ripple Labs, stating: “The Ripple appeal is also most certainly next in line for dismissal. Why? Because the new SEC top brass has made it crystal clear that the SEC will never file another court pleading of any kind arguing that a digital asset is a security, at least not until the Crypto Mom’s task force has completed its mission.”

這位前美國證券交易委員會官員預測，該機構的下一步行動將放棄對Ripple Labs的案件，並指出：“波紋上訴也是被解僱的下一步。為什麼？因為新的SEC頂級黃銅已經明確表明，SEC永遠不會提出任何形式的法院辯護，認為數字資產是安全性，至少直到加密媽媽的工作隊完成其任務才是如此。”

The agency's shift in approach coincides with a broader overhaul of its enforcement strategy, including the rebranding of its crypto unit as a cyber unit and the removal of key figures involved in crypto litigation.

該機構在進近方面的轉變恰逢其執法策略的更廣泛的大修，包括將其加密貨幣單位重新命名為網絡單位，以及刪除涉及加密訴訟的關鍵數據。

Stark described the situation as unprecedented, stating: “The SEC's frantic and unprecedented rampage to dismantle its crypto-enforcement program continues: this time, halting two SEC appeals dead in their tracks (buckle up XRP Army, the Ripple appeal has got to be next on the SEC chopping block).” These moves suggest that all crypto-related enforcement efforts may be put on hold indefinitely as the newly formed task force led by SEC Commissioner Hester Peirce, known as “Crypto Mom,” takes control of the agency's direction.

斯塔克（Stark）將這種情況描述為前所未有的，說：“ SEC的瘋狂和前所未有的橫衝直撞，以拆除其加密執法計劃的持續持續：這次，停止了兩個SEC在他們的軌道上死亡（Buckle up xrp XRP軍隊，Ripple Applip the Ripple上訴必須是下一場。在SEC切碎塊上）。”這些舉動表明，隨著由SEC專員Hester Peirce（被稱為“加密媽媽”）領導的新成立的工作組，所有與加密相關的執法工作都可以無限期地擱置。

Adding to the upheaval, Stark noted, “Expect all SEC administrative law judges to be fired forthwith,” citing a Department of Justice (DOJ) letter that challenged the legal foundation of the SEC's administrative law judges. He further characterized the agency's shift as extraordinary, stating: “Strange things are afoot at SEC HQ. Never before in the history of the SEC has this kind of radical turnabout in SEC enforcement policy ever taken place. Never, ever, ever.”

斯塔克指出，除了動蕩之外，“期望所有SEC行政法法官立即被解僱”。他進一步將該機構的轉變描述為非凡，並指出：“奇怪的事情在SEC總部進行。在SEC的歷史上，從未在SEC執法政策中發生這種激進的轉變。永遠，永遠，永遠。”

Looking ahead, he predicted deeper institutional instability, saying: “What's next? It's the perfect storm at the SEC: a president who does not trust the SEC; a crypto czar who has no respect for the SEC; and a DOGE [Department of Government Efficiency] director who hates the SEC. That's not good for SEC staff.”

展望未來，他預測了更深的機構不穩定，說：“下一步是什麼？這是SEC的完美風暴：不信任SEC的總統；一個不尊重SEC的加密沙皇；以及討厭SEC的Doge [政府效率部]主任。這對SEC員工不利。”

As the SEC takes a step back from crypto enforcement, industry observers are bracing for a new regulatory landscape, one where digital assets may face fewer immediate legal challenges.

隨著SEC從加密執法中退後一步，行業觀察者正在為新的監管景觀提供支持，在這種情況下，數字資產可能面臨更少的即時法律挑戰。