隨著法院設定新的截止日期，Ripple v. SEC 案件出現決定性轉變

隨著 Ripple 與美國證券交易委員會持續的法律僵局加劇，新設定的法庭截止日期可能標誌著一個轉折點。

The U.S. Court of Appeals for the Second Circuit has set a new deadline in the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) over XRP sales. According to a recent court order, the SEC is now mandated to submit its opening appeal brief against Ripple Labs by January 15, 2025.

美國第二巡迴上訴法院為 Ripple Labs 與美國證券交易委員會 (SEC) 就 XRP 銷售正在進行的法律鬥爭設定了新的最後期限。根據最近的一項法院命令，美國證券交易委員會現在必須在 2025 年 1 月 15 日之前提交針對 Ripple Labs 的開庭上訴摘要。

This development marks a significant turning point in the case, which has kept XRP in the regulatory crosshairs since 2020. The SEC had filed an appeal in March 2023, following a partial win for Ripple in the lower court.

這一事態發展標誌著該案的一個重大轉折點，自 2020 年以來，XRP 一直成為監管的焦點。

The SEC's initial suit, filed in December 2020, alleged that XRP sales by Ripple constituted unregistered securities offerings. While Judge Analisa Torres ruled in 2023 that retail XRP sales didn't qualify as investment contracts, she посчитано, that XRP's institutional sales were a violation and imposed a $125 million fine on Ripple.

美國證券交易委員會於 2020 年 12 月提起的初步訴訟稱，Ripple 銷售的 XRP 構成未經註冊的證券發行。儘管法官 Analisa Torres 在 2023 年裁定零售 XRP 銷售不符合投資合約的資格，但她表示 XRP 的機構銷售屬於違規行為，並對 Ripple 處以 1.25 億美元的罰款。

Now, the SEC is aiming to overturn parts of Judge Torres' ruling by appealing the decision. In response, Ripple filed a cross-appeal challenging the decision on “investment contracts,” bringing the 1933 Securities Act into the spotlight.

現在，美國證券交易委員會的目標是透過上訴來推翻托雷斯法官的部分裁決。作為回應，Ripple 提出交叉上訴，質疑有關「投資合約」的決定，使 1933 年《證券法》成為人們關注的焦點。

The Second Circuit Court of Appeals has entered an Order that the @SECGov’s brief must be filed on or before January 15, 2025.

第二巡迴上訴法院已下達命令，要求 @SECGov 的摘要必須在 2025 年 1 月 15 日或之前提交。

This follows the SEC filing a Notice of Appeal on March 15, 2023.

在此之前，SEC 於 2023 年 3 月 15 日提交了上訴通知。

Ripple filed a cross-appeal on March 24.https://t.co/E3TE5tBDAy

Ripple於3月24日提出交叉上訴。

Ripple's legal team contends that an investment contract requires a binding agreement with post-sale commitments, a standard they believe doesn't apply to XRP. Ripple has also invoked a “fair notice” defense, arguing that regulatory guidance on crypto remains murky at best.

Ripple 的法律團隊認為，投資合約需要與售後承諾達成具有約束力的協議，他們認為這項標準不適用於 XRP。 Ripple 也引用了「公平通知」辯護，認為加密貨幣的監管指導充其量仍然是模糊的。

This legal battle has had a major impact on XRP's market performance, with whales selling off and prices hovering around $0.5188 at the time of writing, according to CoinMarketCap. Experts believe this case could set a precedent for the regulatory stance on other altcoins, leading to renewed debates on crypto's future.

據 CoinMarketCap 稱，這場法律糾紛對 XRP 的市場表現產生了重大影響，在撰寫本文時，鯨魚紛紛拋售，價格徘徊在 0.5188 美元左右。專家認為，此案可能為其他山寨幣的監管立場開創先例，從而引發關於加密貨幣未來的新辯論。

Adding to the tension, Coinbase CEO Brian Armstrong recently criticized the SEC's approach, suggesting the next chairperson should drop “frivolous cases” to rebuild trust.

雪上加霜的是，Coinbase 執行長 Brian Armstrong 最近批評了 SEC 的做法，建議下一任主席應該放棄「無聊的案件」以重建信任。

For the crypto community, the SEC's ongoing appeal risks extending Ripple's legal battle into 2025 and beyond, a move that has sparked frustration among XRP supporters.

對於加密社群來說，SEC 的持續上訴有可能將 Ripple 的法律鬥爭延長至 2025 年及以後，此舉引發了 XRP 支持者的不滿。

Legal analyst Fred Rispoli suggests the appeals process could stretch until early 2026, leaving crypto investors uncertain.

法律分析師 Fred Rispoli 表示，上訴程序可能會持續到 2026 年初，這讓加密貨幣投資者感到不確定。