美國證券交易委員會 (SEC) 將於 1 月 23 日舉行由代理主席 Mark Uyeda 主持的首次閉門會議

加密社群猜測 SEC 可能會在本次會議上討論 Ripple 訴訟。許多人認為這次會議可能標誌著進展

The U.S. Securities and Exchange Commission (SEC) will hold its first closed-door meeting under Acting Chair Mark Uyeda on Jan. 23. While the specific agenda items are confidential, the meeting is expected to include discussions on litigation claims, settlements, enforcement actions, and administrative proceedings.

美國證券交易委員會 (SEC) 將於 1 月 23 日在代理主席 Mark Uyeda 的領導下舉行首次閉門會議。訴訟。

This meeting has garnered attention within the cryptocurrency community, particularly due to the SEC’s ongoing lawsuit against Ripple Labs over the sale of XRP. The meeting could potentially bring important updates or signal progress toward resolving the case. However, it's crucial to note that the SEC's closed-door meetings typically involve pre-planned decisions and may not result in immediate announcements.

這次會議引起了加密貨幣社群的關注，特別是由於美國證券交易委員會正在就瑞波幣銷售問題對 Ripple Labs 提起訴訟。這次會議可能會帶來重要的最新進展或標誌著解決此案的進展。然而，值得注意的是，美國證券交易委員會的閉門會議通常涉及預先計劃的決定，並且可能不會立即發佈公告。

As the meeting approaches, let's recap the key aspects of the Ripple v/s SEC case and its significance within the broader cryptocurrency regulatory landscape.

隨著會議的臨近，讓我們回顧一下 Ripple v. SEC 案件的關鍵方面及其在更廣泛的加密貨幣監管環境中的重要性。

The legal battle between Ripple and the SEC commenced in December 2020, during Gary Gensler’s tenure as SEC Chair. Gensler pursued an aggressive approach to crypto regulation, targeting several cryptocurrency companies for alleged violations of securities laws.

Ripple 與 SEC 之間的法律糾紛始於 2020 年 12 月，當時 Gary Gensler 擔任 SEC 主席。 Gensler 對加密貨幣監管採取了積極的態度，針對多家涉嫌違反證券法的加密貨幣公司。

In the Ripple case, the SEC alleges that the company sold XRP as an unregistered security, raising over $1.3 billion from U.S. retail investors. The SEC argues that XRP sales to both retail and institutional investors should be classified as investment contracts and, therefore, subject to securities registration and disclosure requirements.

在 Ripple 案中，SEC 指控該公司將 XRP 作為未註冊證券出售，從美國散戶投資者籌集了超過 13 億美元。 SEC 認為，向散戶和機構投資者銷售 XRP 的行為應被歸類為投資合同，因此應遵守證券登記和揭露要求。

Gensler defended this enforcement-driven approach, arguing that most cryptocurrencies, except Bitcoin, should be classified as securities. However, his actions faced significant criticism from the crypto industry. Many, including Ripple CEO Brad Garlinghouse, labeled Gensler’s strategy as “regulation by enforcement.” They argued that it stifled innovation and lacked clarity, leaving the industry in a regulatory gray area.

Gensler 為這種強制執行驅動的方法進行了辯護，認為除比特幣之外的大多數加密貨幣都應歸類為證券。然而，他的行為遭到了加密產業的嚴厲批評。包括 Ripple 執行長 Brad Garlinghouse 在內的許多人將 Gensler 的策略稱為「透過執行進行監管」。他們認為，這扼殺了創新且缺乏清晰度，使該行業處於監管灰色地帶。

After Gensler's departure, Mark Uyeda took over as Acting SEC Chair. In contrast to his predecessor, Uyeda has been critical of the SEC’s heavy-handed approach to crypto regulation. Since joining the SEC in 2022, he has advocated for clearer policies and a more balanced regulatory framework.

Gensler 離職後，Mark Uyeda 接任 SEC 代理主席。與他的前任相反，烏耶達一直批評美國證券交易委員會對加密貨幣監管的嚴厲手段。自 2022 年加入 SEC 以來，他一直倡導更清晰的政策和更平衡的監管框架。

Uyeda's leadership has given Ripple supporters hope for a resolution to the lawsuit. His pro-crypto stance suggests a willingness to reconsider some of the SEC’s past actions, including its ongoing appeal in the Ripple case. This gives the Ripple community a glimmer of hope for a favourable outcome.

Uyeda 的領導者為 Ripple 支持者帶來了解決訴訟的希望。他支持加密貨幣的立場表明願意重新考慮 SEC 過去的一些行動，包括其在 Ripple 案件中正在進行的上訴。這給 Ripple 社群帶來了一線希望，希望能夠取得良好的結果。

If the Ripple case is discussed during the SEC meeting on Jan. 23, it could lead to significant updates, such as a settlement or dismissal of the lawsuit. However, the appeals court process is expected to continue, and a final resolution may not be reached until late 2025.

如果 Ripple 案在 1 月 23 日的 SEC 會議上進行討論，可能會帶來重大更新，例如和解或駁回訴訟。不過，上訴法院程序預計將繼續進行，最終解決方案可能要到 2025 年底才能達成。

The outcome of the Ripple v/s SEC case is being closely followed not only by XRP investors but also by the broader cryptocurrency industry. The court's decisions and regulatory clarifications could benefit other cryptocurrencies by setting a precedent for how digital assets are treated under U.S. securities laws.

Ripple v. SEC 案件的結果不僅受到 XRP 投資者的密切關注，而且受到更廣泛的加密貨幣行業的密切關注。法院的裁決和監管澄清可能會為美國證券法如何對待數位資產樹立先例，從而使其他加密貨幣受益。

The lack of clear guidelines has long been a challenge for the cryptocurrency industry. Projects and investors often face uncertainty about whether a particular token is classified as a security. This ambiguity can lead to enforcement actions, deter institutional investment, and hinder innovation.

缺乏明確的指導方針長期以來一直是加密貨幣產業面臨的挑戰。專案和投資者經常面臨特定代幣是否被歸類為證券的不確定性。這種模糊性可能會導致執法行動、阻礙機構投資並阻礙創新。

If Ripple wins the case through the appeals process, it could encourage regulators and courts to apply similar reasoning to other tokens. This would give cryptocurrencies like Solana, Litecoin and others a stronger footing in arguing their non-security status, particularly when traded on exchanges.

如果 Ripple 透過上訴程序贏得訴訟，可能會鼓勵監管機構和法院將類似的推理應用於其他代幣。這將為 Solana、萊特幣等加密貨幣在爭論其非安全地位方面提供更強有力的基礎，特別是在交易所交易時。

Additionally, projects still in development might use the Ripple decision as a guide to avoid regulatory pitfalls. The legal battle between Ripple and the SEC is expected to continue throughout 2023, with both parties presenting their arguments before the appeals court. The final outcome of this case will have a profound impact on the future of cryptocurrency regulation in the United States.

此外，仍在開發中的項目可能會使用 Ripple 的決定作為指南，以避免監管陷阱。 Ripple 和 SEC 之間的法律鬥爭預計將持續到 2023 年，雙方都會向上訴法院陳述自己的論點。此案的最終結果將對美國加密貨幣監管的未來產生深遠影響。