Ripple與SEC的法律鬥爭即將結束

1.25億美元的罰款和永久禁止機構XRP銷售的禁令仍在桌上，Ripple正在推遲。

The legal battle between Ripple and the SEC appears to be nearing its end, but not without some pushback from the company.

Ripple和SEC之間的法律鬥爭似乎即將結束，但並非沒有公司的推動力。

According to former Fox Business journalist Eleanor Terrett, who cites “two well-placed sources,” the case is now being finalized. However, Ripple’s legal team is still negotiating for better terms, which is why things are dragging on.

據福克斯商業記者埃莉諾·特雷特（Eleanor Terrett）稱，他引用了“兩個位置優越的消息來源”。但是，Ripple的法律團隊仍在以更好的條件進行談判，這就是為什麼事情正在拖延的原因。

The company is refusing to accept the August ruling, which imposed a $125 million fine and permanent ban on institutional XRP sales, as doing so would mean admitting wrongdoing, and the new SEC itself seems unsure if any wrongdoing even happened. Moreover, with the agency’s new leadership clearing enforcement actions for Coinbase, Kraken, and Gemini, Ripple is pushing back and questioning why it’s still the only one paying the price.

該公司拒絕接受八月的裁決，該裁決判處1.25億美元的罰款並永久禁止機構XRP銷售，因為這樣做意味著承認不當行為，而新的SEC本身似乎不確定是否有任何不當行為發生。此外，隨著該機構的新領導層為Coinbase，Kraken和Gemini開發執法行動，Ripple正在向後推，並質疑為什麼它仍然是唯一付出代價的人。

Eleanor stated on X:

埃莉諾在X上說：

“This is taking longer than the rest of the cases to wind down because there's no real playbook for this.

“這需要比其他案件更長的時間來放鬆，因為沒有真正的劇本。

Accepting the Torres ruling as it stands would mean that Ripple is essentially agreeing to admit to wrongdoing — but now the SEC itself is seemingly unsure whether any wrongdoing occurred.

接受託雷斯的裁決，這意味著波紋本質上是同意承認不當行為 - 但是現在SEC本身似乎不確定是否發生過任何不當行為。

At the same time, Franklin Templeton has now filed for an XRP ETF, joining an existing list that includes Canary Capital, WisdomTree, Bitwise, CoinShares, and 21Shares.

同時，富蘭克林·鄧普頓（Franklin Templeton）現在已申請XRP ETF，加入了包括Canary Capital，WisdomTree，Bitwise，Coinshares和21shares的現有列表。

The push for XRP ETFs is part of a broader trend following the success of spot Bitcoin ETFs, which have now reached nearly $100 billion in assets.

在現貨比特幣ETF成功之後，XRP ETF的推動是更廣泛的趨勢的一部分，現貨比特幣ETF現在已經達到了近1000億美元的資產。

With pro-crypto president Donald Trump back in office, some analysts say his policies could be incredibly good for XRP over the next four years.

隨著親克賴普托總統唐納德·特朗普（Donald Trump）的任職，一些分析師表示，在未來四年中，他的政策對XRP可能非常有利。

Under Gary Gensler, the SEC went after Ripple aggressively, arguing that XRP sales violated securities laws, but with Gary out and new leadership in charge, the crypto industry has been getting some breathing room.

在加里·蓋斯勒（Gary Gensler）的領導下，SEC積極追隨Ripple，認為XRP銷售違反了證券法，但是加里（Gary）脫穎而出和負責新的領導層，加密貨幣行業已經獲得了一些呼吸空間。

Discussing the implications of the pending Payer Plans, Chaeli Brenhall, an analyst at Factor+, highlighted that a no-action letter from the SEC could open the door for broader institutional participation in crypto.

Factor+的分析師Chaeli Brenhall討論了未決付款人計劃的含義，他強調說，SEC的一封無行為信可以為更廣泛的機構參與加密打開。

"If the administration does not appeal the ruling by August 28, it will stand, and we can expect to see broader implications for the crypto industry. For example, if the ruling is not appealed, it could open the door for broader institutional participation in crypto in the U.S., especially with respect to digital asset securities offerings."

“如果政府在8月28日之前沒有對裁決提出上訴，我們可以期望看到對加密貨幣行業的更廣泛的影響。例如，如果未對該裁決提出上訴，它可能為在美國的加密貨幣提供更廣泛的機構參與打開大門，尤其是關於數字資產證券產品。”

Highlighting the broader impact of the case, Brenhall added:

Brenhall補充說，強調了案件的更廣泛影響：

"The outcome of this case will have far-reaching consequences for the future of digital assets in the U.S. legal landscape."

“此案的結果將對美國法律景觀數字資產的未來產生深遠的影響。”

Garlinghouse himself said last year that an XRP ETF in the U.S. is “inevitable.” He pointed to growing demand from both institutional and retail investors. But until the SEC decides what to do with Ripple, the future remains uncertain.

加林豪斯本人去年表示，美國的XRP ETF是“不可避免的”。他指出，機構和零售投資者的需求不斷增長。但是直到SEC決定如何處理Ripple，未來仍然不確定。