Ripple已向美國SEC加密委員會提交了正式回應

意見：Ripple已向美國SEC加密委員會工作組提出了正式回應，敦促該機構澄清其數字資產法規的方法。

In a significant development, Ripple has submitted a response to the U.S. SEC Crypto Task Force, urging the agency to clarify its approach to digital asset regulation.

在一個重大發展中，Ripple提出了對美國SEC Crypto工作隊的回應，敦促該機構澄清其數字資產法規的方法。

The response, addressed to Commissioner Hester Peirce, criticizes the SEC’s past leadership for creating confusion and calls for a return to straightforward, lawful guidance.

對赫斯特·皮爾斯（Hester Peirce）專員的回應，批評了SEC過去的領導層，以造成混亂，並呼籲重返直接，合法的指導。

Stuart Alderoty, Ripple’s Chief Legal Officer, shared the document on X, emphasizing the need for regulatory relief. He referenced the Bob Dylan lyric, “There’s too much confusion, I can’t get no relief,” arguing that the previous SEC administration used this uncertainty to justify enforcement actions against crypto companies.

Ripple的首席法律官Stuart Alderoty在X上分享了該文件，強調了對監管救濟的需求。他提到了鮑勃·迪倫（Bob Dylan）的抒情詩《太多的混亂》，我不會得到寬慰。”他認為，以前的美國證券交易委員會（SEC）政府使用這種不確定性來證明針對加密貨幣公司的執法行動是合理的。

Ripple’s Core Arguments Against the SEC’s Approach

Ripple反對SEC方法的核心論點

In its response, Ripple asserts that the SEC oversteps its authority over most digital assets, arguing they don’t meet the legal definition of securities.

Ripple在其回應中斷言，SEC超過了大多數數字資產的權力，認為它們不符合證券的法律定義。

The company maintains that it is Congress, not the SEC, that should establish rules for the crypto market.

該公司堅持認為，應該為加密貨幣市場製定規則是國會，而不是SEC。

The response strongly urges the SEC to offer clear and straightforward guidance rather than continue its “regulation by enforcement” approach.

該反應強烈敦促SEC提供明確，直接的指導，而不是繼續其“通過執法監管”的方法。

Negative Market Impact of SEC Enforcement Actions

SEC執法行動的負面市場影響

Ripple also highlights the negative market impact of SEC enforcement actions. It points to the 2020 lawsuit against Ripple, which led to a 70% drop in XRP’s price, wiping out $15 billion in market value.

Ripple還強調了SEC執法行動的負面影響。它指出了針對Ripple的2020年訴訟，這導致XRP的價格下跌了70％，消除了150億美元的市場價值。

Following the lawsuit, many cryptocurrency exchanges delisted XRP, restricting access for U.S. investors. Ripple notes that similar price declines occurred with Solana, Cardano, and Polygon after the SEC took action against major crypto exchanges.

在訴訟之後，許多加密貨幣交換都使XRP脫穎而出，從而限制了美國投資者的訪問權限。 Ripple指出，SEC對主要加密交易所採取了行動後，Solana，Cardano和Polygon發生了類似的價格下跌。

Related: Ripple’s SEC Victory: Appeal Dropped, But Is SEC Silence Officially Over?

相關：Ripple的SEC勝利：上訴下降，但SEC沉默是否正式結束了？

Use the Original Howey Test to Define Securities

使用原始的Howey測試來定義證券

Ripple’s letter implores the SEC to use the original Howey Test to define securities. This test requires an investment contract where profits are clearly expected to come from the efforts of a central party.

Ripple的信懇請SEC使用原始的Howey測試來定義證券。該測試需要一份投資合同，其中明顯預計利潤將來自中央黨的努力。

Ripple argues that many digital assets, including XRP, do not fit this definition.

Ripple認為，包括XRP在內的許多數字資產不符合此定義。

The letter also tackles the issue of staking and yield-generating crypto services. Ripple contends that returns generated by blockchain protocols should not be classified as securities, as these returns don’t involve a central issuer making specific investment promises.

這封信還解決了積分和產生產生的加密服務的問題。 Ripple認為，由區塊鏈協議產生的回報不應歸類為證券，因為這些回報不涉及中央發行人做出具體投資承諾。

Introduce Safe Harbors and Regulatory Sandboxes

引入安全的港口和監管沙箱

Ripple supports Commissioner Peirce’s Safe Harbor proposal, which would give blockchain projects a grace period to develop and become more decentralized before facing the full weight of securities laws.

Ripple支持Peirce專員的Safe Harbour提案，該建議將為區塊鏈項目提供一個寬限期，在面對證券法的全部重量之前，以發展並變得更加分散。

The company also advocates for regulatory sandboxes—controlled environments where crypto firms can test innovations under limited oversight. Ripple points to countries like the UK, EU, and Singapore who have successfully implemented similar frameworks.

該公司還倡導監管沙盒 - 控制環境，加密公司可以在有限的監督下測試創新。 Ripple指向成功實施類似框架的英國，歐盟和新加坡等國家。

Related: Swift and Ripple in the News: Did a Premature Announcement Cause a ‘Hack’ Claim?

相關：新聞中的Swift and Ripple：過早的公告是否引起了“黑客”主張？

Notably, Ripple plans to submit further responses to the SEC, particularly on custody-related issues. The company continues to push for legislative action, arguing that clear rules from Congress are the best path forward for the crypto industry.

值得注意的是，Ripple計劃向SEC提交進一步的回應，特別是在與監護相關的問題上。該公司繼續推動立法行動，認為國會明確的規則是加密貨幣行業的最佳途徑。