波紋抬起戴馬克勒斯的劍：一場長期的法律鬥爭的終結

SEC指控Ripple將XRP作為未註冊的安全性出售，這一指控自2020年12月以來對加密生態系統進行了權衡。

The tug of war between Ripple and the SEC over the past four years has plunged the crypto market into growing uncertainty. As a result, investors remain skeptical, while XRP is facing increasing pressure on its legitimacy. But in a surprising turn of events, the apex court has dropped its lawsuits, marking a historic win for Ripple and could have decisive implications for its native token.

在過去的四年中，Ripple與SEC之間的戰爭拖船使加密貨幣市場陷入了不確定性的越來越大。結果，投資者仍然持懷疑態度，而XRP面臨著對其合法性的壓力越來越大。但是，令人驚訝的是，最高法院已經放棄了訴訟，標誌著Ripple的歷史性勝利，並可能對其本土代幣產生決定性的影響。

The legal battle: A decisive turning point

法律戰：決定性的轉折點

The SEC's accusations against Ripple span four years and have deeply affected the crypto ecosystem. The apex court is now rolling back its claims that XRP is an unregistered security.

SEC對Ripple的指控跨越四年，並深深地影響了加密生態系統。最高法院現在正在撤消其XRP是未註冊的安全性的說法。

A major turning point came in July with a federal judge's ruling that XRP cannot be considered a security in the majority of transactions, a setback for the SEC.

一個重大的轉折點是7月，聯邦法官裁定XRP不能被視為大多數交易中的安全性，這是SEC的挫折。

This decision puts the apex court in a difficult position as it is running out of time and options to continue the lawsuit. Finally, the SEC chose to definitively end the trial.

這一決定使最高法院處於困難狀態，因為它沒有時間和繼續訴訟的選擇。最後，SEC選擇明確結束審判。

Announcing "the case is over", Brad Garlinghouse, CEO of Ripple, highlights a decisive victory for the company and a new chapter for its token.

Ripple首席執行官布拉德·加林豪斯（Brad Garlinghouse）宣布“案件已經結束”，重點介紹了該公司的決定性勝利，並為其代幣提供了新的篇章。

The legal battle between the apex court and the crypto behemoth has come to an end, but its consequences are far-reaching and could reshape the crypto landscape.

最高法院與加密省龐然大物之間的法律鬥爭已經結束，但其後果是深遠的，可以重塑加密貨幣景觀。

Could such a surge help XRP compete with Ethereum?

這樣的激增可以幫助XRP與以太坊競爭嗎？

While some anticipate a scenario where XRP rivals Ethereum, the reality of the market calls for caution.

儘管有些人期待XRP與以太坊相匹配的場景，但市場的現實需要謹慎。

As Sid Powell, CEO of Maple Finance, points out, this legal win stabilizes the regulatory future of the token, but the real battle is fought elsewhere. Indeed, Ethereum massively dominates decentralized finance (DeFi) with a Total Value Locked (TVL) of $114 billion, while XRP is still struggling to establish itself in this realm.

正如Maple Finance的首席執行官Sid Powell指出的那樣，這項法律勝利穩定了代幣的監管未來，但真正的戰鬥是在其他地方進行的。的確，以太坊以總價值鎖定（TVL）為1,140億美元，大規模占主導地位，而XRP仍在努力建立自己的領域。

The power of Ethereum lies in its solid ecosystem, which hosts smart contracts, decentralized applications, and advanced staking solutions, while Ripple remains primarily focused on cross-border payments.

以太坊的力量在於其堅實的生態系統，該生態系統擁有智能合約，分散的應用程序和先進的Staking解決方案，而Ripple仍主要集中在跨境支付上。

Nevertheless, XRP has strategic advantages. Its On-Demand Liquidity (ODL) service recorded $30 billion in transactions in 2023 and continues to attract major partnerships, notably with Standard Chartered Bank and MoneyGram.

然而，XRP具有戰略優勢。它的按需流動性（ODL）服務在2023年記錄了300億美元的交易，並繼續吸引主要的合作夥伴關係，特別是與標準的特許銀行和Moneygram。

“This decision could restore confidence among investors and institutions, boosting Ripple’s adoption,” says Ryan Lee, analyst at Bitget Research. However, to truly worry Ethereum, XRP will need to broaden its scope beyond payments and delve deeper into DeFi and smart contracts.

Bitget Research分析師Ryan Lee說：“這一決定可以恢復投資者和機構之間的信心，從而提高Ripple的採用。”但是，為了真正擔心以太坊，XRP將需要擴大其範圍之外的範圍，並更深入地研究Defi和智能合約。

The end of the conflict between Ripple and the SEC marks a regulatory victory for the entire crypto ecosystem, reinforcing the legitimacy of these assets in the eyes of authorities. However, the possibility that XRP dethrones Ethereum remains highly hypothetical, unless there is massive adoption by financial institutions and a strategic shift towards DeFi.

Ripple與SEC之間的衝突的終結標誌著整個加密生態系統的監管勝利，在當局眼中加強了這些資產的合法性。但是，除非金融機構大量採用並向Defi邁出了大量的採用，否則XRP撤銷以太坊的可能性仍然是高度假設的。

Nevertheless, this decision offers Ripple a unique opportunity: to redefine its positioning and leverage this new climate of trust to accelerate its development.

然而，這個決定為波紋提供了一個獨特的機會：重新定義其定位並利用這種新的信任氛圍來加速其發展。