Ripple Labs可能正在準備長達四年後的長期運行SEC案件

美國證券交易委員會可能會準備在四年多後終止針對Ripple Labs的執法行動。

The US Securities and Exchange Commission may be preparing to end its enforcement action against Ripple Labs after more than four years.

美國證券交易委員會可能會準備在四年多後終止針對Ripple Labs的執法行動。

According to a March 12 X post from Fox Business reporter Eleanor Terrett, the SEC’s case against Ripple was “in the process of wrapping up” after the parties filed an appeal and cross-appeal, respectively, over a $125-million judgment in August 2024. The civil case against the blockchain firm filed in December 2020 alleged Ripple and certain executives used XRP (XRP) as an unregistered security to raise funds.

根據3月12日的福克斯業務記者埃莉諾·特雷特（Eleanor Terrett）的一篇3月12日的帖子，SEC針對Ripple的案件“正在總結”，分別在2024年8月在2024年8月對12500萬美元的1.25億美元判決中提出上訴和交叉訴訟。該公司在2020年12月針對Ripple和某些執行人員的競選公司（Xrperives and and Xrp）中提出了針對Blockchain file的民事案件。

Ripple chief legal officer Stuart Alderoty told Cointelegraph on March 11 that the SEC civil case was “far more advanced” than many of the others the regulator had dropped following the inauguration of US President Donald Trump and the departure of Chair Gary Gensler. Since January, the SEC has announced it will not pursue enforcement cases against Coinbase (NASDAQ:COIN), Consensys, Kraken and others.

波紋首席法律官斯圖爾特·奧爾德羅蒂（Stuart Alderoty）在3月11日告訴Cointelegraph，SEC民事案件“比許多其他監管機構在美國總統唐納德·特朗普（Donald Trump）就職和董事長加里·蓋斯勒（Gary Gensler）的離職之後丟棄的其他案件“要高得多”。自1月以來，SEC已宣布將不針對Coinbase（NASDAQ：COIN），CONSENSYS，KRAKEN等人提起執法案件。

“We do have a judgment, we are on appeal — that presents some additional complexity,” said Alderoty in regard to the case potentially being dropped. “But we remain optimistic that we’ll get to a resolution with the SEC, and if we don’t, we’ll proceed with the appeal.”

“我們確實有判斷，我們正在上訴 - 提出了一些額外的複雜性，”奧爾德羅蒂（Alderoty）在可能被撤銷的情況下說。 “但是我們保持樂觀，我們將與SEC達成決議，如果不這樣做，我們將繼續上訴。”

According to the Ripple CLO, there were several possible outcomes to ending the SEC case if both parties were in agreement that it should wind down. If Ripple and the SEC agreed independently to drop their appeal and cross-appeal in the Second Circuit, then the $125-million judgment in the lower court would stand. If there were a dispute over the monetary judgment, then the blockchain firm and the commission would have to go “hand-in-hand” to request any modification from a judge.

根據Ripple Clo的說法，如果雙方都同意應結束這一案件，則有幾種可能的結果來結束SEC案件。如果Ripple和SEC同意在第二巡迴賽中獨立放棄他們的上訴和交叉上訴，那麼下級法院的1.25億美元判決將受到影響。如果關於貨幣判決存在爭議，則區塊鏈公司和委員會必須“攜手”以要求法官進行任何修改。

See Also: Why Is The Ripple SEC Case Still Ongoing Amid A Sea Of Resolutions?

另請參閱：為什麼在決議之海中仍在進行連鎖反應的SEC案件？

The SEC v. Ripple case involved one of the first significant court rulings favouring the crypto industry when Judge Analisa Torres said the XRP token was not a security under the regulator’s purview — but only in regard to programmatic sales on exchanges. At the time of publication, no filing suggesting the SEC intended to drop the case appeared on the docket for the US District Court for the Southern District of New York or the US Court of Appeals for the Second Circuit.

Secv。Ripple案件涉及對加密貨幣行業的第一個重大法院裁決之一，當時Analisa Torres法官表示，XRP令牌不是監管機構的權限下的安全性 - 而僅在交流方面的程序銷售方面。在發佈時，沒有提交建議撤銷此案的文件在美國南部地區紐約南區或美國第二巡迴上訴法院的案卷上出現。

Change of tone at SEC under Trump

特朗普領導下的SEC的語調改變

Although the SEC filed the Ripple case under Trump’s former chair, Jay Clayton, the commission stepped up the number of enforcement actions following Gensler’s confirmation in 2021.

儘管SEC在特朗普的前主席傑伊·克萊頓（Jay Clayton）的領導下提起了波紋案，但在Gensler在2021年確認後，委員會加強了執法行動的數量。

Ripple CEO Brad Garlinghouse said in an interview aired in December 2024 that the firm may not have gotten as involved in US politics if the commission had been led by someone other than Gensler. Contributed $45 million to the political action committee Fairshake for the previous election cycle and donated another $25 million in November 2024.

Ripple首席執行官布拉德·加林豪斯（Brad Garlinghouse）在2024年12月播出的一次採訪中說，如果委員會由Gensler以外的其他人領導，該公司可能不會參與美國政治。在上一個選舉週期中為政治行動委員會的Fairshake捐款了4500萬美元，並在2024年11月又捐贈了2500萬美元。

Ripple pledged $5 million in XRP to Trump’s inauguration fund following his election victory, and both Garlinghouse and Alderoty attended Washington, DC events on Jan. 20 as official guests. The chief legal officer personally donated more than $300,000 to fundraising and political action committees supporting the US president.

Ripple在選舉勝利後向特朗普的就職基金提供了500萬美元的XRP，而Garlinghouse和Alderoty於1月20日作為官方嘉賓參加了華盛頓特區。首席法律官親自向支持美國總統的籌款和政治行動委員會捐贈了超過30萬美元。

The correlation between political contributions to Trump and Republicans and the SEC dropping enforcement actions has many critics pointing to potential conflicts of interest in the administration. Coinbase, another major Fairshake backer that donated $1 million to Trump’s inauguration, had its SEC civil case halted in February. Its CEO, Brian Armstrong, also attended a March 7 crypto summit at the White House, along with Garlinghouse and others.

對特朗普和共和黨人的政治貢獻與SEC撤銷執法行動之間的相關性有許多批評家指出，政府潛在的利益衝突。 Coinbase是另一位主要的Fairshake支持者，向特朗普的就職典禮捐贈了100萬美元，其SEC民事案件於2月停止。它的首席執行官布萊恩·阿姆斯特朗（Brian Armstrong）還與加林豪斯（Garlinghouse）和其他人一起參加了3月7日在白宮的加密峰會。

Alderoty suggested that the SEC dropping cases was “independent” of any political donations and more reflective of Acting Chair Mark Uyeda’s perspective on the industry and related regulations.

奧爾德羅蒂（Alderoty）建議，SEC撤銷案件“獨立於”任何政治捐款，更反思代理主席馬克·烏耶達（Mark Uyeda）對行業和相關法規的看法。

At the time of publication, the US Senate has not scheduled a hearing to consider the nomination of the potential next head of the commission, Paul Atkins. Commissioner Hester Peirce said in February that the SEC would be more likely to wait on setting a crypto regulatory agenda after a new chair took office.

在發佈時，美國參議院尚未安排聽證會來考慮委員會下一個負責人保羅·阿特金斯的提名。赫斯特·皮爾斯（Hester Peirce）專員在2月表示，在新主席上任後，SEC更有可能等待制定加密監管議程。