Ripple v. SEC：法官為正在進行的訴訟確定了時間表

在 Ripple v. SEC 訴訟正在進行中，治安法官 Sarah Netburn 制定了該案的時間表，包括 SEC 對 Ripple 駁回專家證據的動議提出反駁的截止日期以及 Ripple 隨後的回應期。法律鬥爭仍在繼續，Ripple 對 SEC 的巨額民事處罰請求提出質疑，認為他們的指控缺乏足夠的證據。

Ripple vs. SEC: Magistrate Judge Sarah Netburn Establishes Timeline for Ongoing Lawsuit

Ripple v. SEC：法官 Sarah Netburn 為正在進行的訴訟確定了時間表

In the highly anticipated legal battle between Ripple Labs and the Securities and Exchange Commission (SEC), Magistrate Judge Sarah Netburn has crafted a comprehensive timeline to govern the progression of the lawsuit. This meticulously structured plan will facilitate the resolution of Ripple's challenge to the SEC's substantial civil penalty request, which Ripple asserts lacks sufficient evidentiary support.

在 Ripple Labs 與美國證券交易委員會 (SEC) 之間備受期待的法律戰中，地方法官 Sarah Netburn 制定了一份全面的時間表來管理訴訟的進展。這項精心設計的計劃將有助於解決 Ripple 對 SEC 巨額民事處罰請求的挑戰，Ripple 聲稱該請求缺乏足夠的證據支持。

Magistrate Judge Netburn's Impartiality and Expertise

法官 Netburn 的公正性和專業知識

Despite her recent appointment as District Judge in the Southern District of New York, Judge Netburn will continue to preside over the Ripple vs. SEC case. Her reputation for impartiality and her previous statements have garnered positive feedback from the cryptocurrency community. In 2021, she acknowledged XRP's unique characteristics, stating that its currency value and utility distinguish it from Bitcoin and Ethereum.

儘管 Netburn 法官最近被任命為紐約南區地區法官，但她仍將繼續審理 Ripple v. SEC 案件。她的公正聲譽和她之前的言論獲得了加密貨幣社群的正面回饋。 2021年，她承認了XRP的獨特特徵，並表示其貨幣價值和實用性使其有別於比特幣和以太幣。

Ripple Contests SEC's Penalty Demands

Ripple 對 SEC 的處罰要求提出異議

Ripple has vehemently contested the SEC's demand for substantial civil penalties, arguing that the agency's allegations lack adequate evidence. The blockchain payments company has proposed a reasonable penalty of $10 million, countering the SEC's excessive demand for a hefty fine. Ripple maintains that its On-Demand Liquidity (ODL) transactions, which facilitate cross-border payments, are distinct from traditional investments and should not be subject to the same regulatory scrutiny.

Ripple 強烈反對 SEC 要求的巨額民事處罰，認為該機構的指控缺乏足夠的證據。這家區塊鏈支付公司提出了 1000 萬美元的合理罰款，以反擊 SEC 對巨額罰款的過度要求。 Ripple 堅稱，其促進跨境支付的按需流動性（ODL）交易與傳統投資不同，不應受到相同的監管審查。

Ripple further emphasizes the absence of evidence supporting future violations or reckless behavior in its institutional XRP sales, bolstering its defense against the SEC's allegations. Bill Morgan, Ripple's representative, has asserted that ODL sales do not constitute investment contracts and should not be treated as such by the SEC. He underscores that customers utilize XRP for its utility in enabling rapid cross-border transactions, not for investment purposes.

Ripple 進一步強調，沒有證據支持其機構 XRP 銷售中未來的違規或魯莽行為，這增強了其對 SEC 指控的辯護。 Ripple 的代表 Bill Morgan 聲稱 ODL 銷售不構成投資合同，因此 SEC 不應將其視為投資合約。他強調，客戶使用瑞波幣是為了實現快速跨國交易，而不是為了投資目的。

Optimism Amidst Regulatory Hurdles

監管障礙中的樂觀情緒

Despite the challenges, XRP supporters remain optimistic about the possibility of a settlement, anticipating a surge in the cryptocurrency's price post-settlement. Bill Morgan echoed this sentiment, predicting a rise to $1 from the current $0.50 level. However, reaching a settlement remains contingent upon overcoming the regulatory hurdles imposed by the SEC, which continue to complicate negotiations.

儘管面臨挑戰，XRP 支持者仍然對和解的可能性持樂觀態度，預計和解後加密貨幣的價格將飆升。 Bill Morgan 呼應了這一觀點，預測價格將從當前 0.50 美元的水平上漲至 1 美元。然而，達成和解仍取決於克服美國證券交易委員會施加的監管障礙，這繼續使談判變得複雜。

Legal expert Jeremy Hogan speculates that the lawsuit could conclude by this summer, with a potential settlement of $100 million. He suggests that the Judge may refrain from ordering disgorgement but impose a $100 million penalty on Ripple as a compromise.

法律專家傑里米霍根 (Jeremy Hogan) 推測，該訴訟可能會在今年夏天結束，並可能達成 1 億美元的和解金。他建議法官可以不下令交出非法所得，但作為妥協，對 Ripple 處以 1 億美元的罰款。

SEC's Reply Brief and Market Expectations

SEC 的答覆摘要和市場預期

The SEC's reply brief, due by May 6, is expected to significantly shape market expectations. A persuasive response from the SEC could heighten anticipation of punitive measures against Ripple, potentially impacting XRP's value. As of the time of writing, XRP is currently trading at $0.503 with a moderate 24-hour decline of 3%.

美國證券交易委員會將於 5 月 6 日提交答覆簡報，預計將顯著影響市場預期。 SEC 的有說服力的回應可能會加劇對 Ripple 採取懲罰措施的預期，從而可能影響 XRP 的價值。截至撰寫本文時，XRP 目前交易價格為 0.503 美元，24 小時小幅下跌 3%。

Conclusion

結論

The Ripple vs. SEC lawsuit has reached a critical juncture with Magistrate Judge Netburn establishing a clear timeline for the ongoing proceedings. Ripple's challenge to the SEC's excessive penalty demands, coupled with Judge Netburn's impartial approach, provides a glimmer of hope for a fair and just resolution. As the legal battle unfolds, the cryptocurrency community eagerly awaits the SEC's reply brief and the potential implications it holds for Ripple and the broader crypto ecosystem.

Ripple v. SEC 訴訟已到了緊要關頭，法官 Netburn 為正在進行的訴訟程序制定了明確的時間表。 Ripple 對 SEC 過度處罰要求的挑戰，加上 Netburn 法官的公正態度，為公平公正的解決方案帶來了一線希望。隨著法律戰的展開，加密貨幣社群熱切等待 SEC 的答覆簡報及其對 Ripple 和更廣泛的加密生態系統的潛在影響。