SEC 會屈服於以太坊的持久力嗎？

正如 Ripple 執行長所預測的那樣，美國證券交易委員會最終可能會屈服於以太坊的持久力。儘管存在著無聲的爭執，以太坊在面對法律糾紛時的韌性反映了瑞波幣的部分勝利。由於 XRP 的安全分類受到質疑，以太幣在加密貨幣領域的實力是不可否認的。 SEC 會屈服於以太坊的權力嗎？

Will the SEC Yield to Ethereum's Resilience?

SEC 會屈服於以太坊的彈性嗎？

Ripple CEO Brad Garlinghouse boldly asserts that the SEC's pursuit of Ethereum will end in defeat, mirroring Ripple's partial victory in the XRP case.

Ripple執行長布拉德·加林豪斯（Brad Garlinghouse）大膽斷言，SEC對以太坊的追捕將以失敗告終，這與Ripple在XRP案中取得部分勝利相呼應。

SEC's Silent Feud with Ethereum

SEC 與以太坊的無聲爭鬥

Garlinghouse draws parallels between the SEC's silent feud with Ethereum and its legal battle against Ripple, which centered on the classification of XRP as a security. After three years of litigation, Ripple emerged partially victorious, with Judge Torres ruling that XRP was not a security when sold on exchanges but violated securities laws in institutional sales.

加林豪斯將 SEC 與以太坊的無聲爭執與針對 Ripple 的法律鬥爭進行了類比，後者的重點是將 XRP 歸類為證券。經過三年的訴訟，Ripple 取得了部分勝利，托雷斯法官裁定 XRP 在交易所出售時不是證券，但在機構銷售中違反了證券法。

Precedent Set for Ethereum

以太坊開創先例

Garlinghouse argues that Ripple's win sets a precedent for similar cases like Ethereum's, questioning the SEC's tenacity in pursuing such cases.

加林豪斯認為，Ripple 的勝訴為以太坊等類似案件開創了先例，質疑 SEC 追蹤此類案件的毅力。

Coinbase CLO: Ethereum is a Commodity, Not a Security

Coinbase CLO：以太幣是一種商品，而不是一種證券

Coinbase Chief Legal Officer Paul Grewal weighs in, citing past statements from SEC officials, including Chair Gensler, that Ethereum is a commodity, not a security. Grewal believes this position should pave the way for a spot Ether ETF.

Coinbase 首席法務官 Paul Grewal 發表了看法，他引用了 SEC 官員（包括主席 Gensler）過去的聲明，稱以太坊是一種商品，而不是一種證券。 Grewal 認為，這一立場應該為現貨以太 ETF 鋪路。

CFTC vs. SEC: A Tale of Two Commissions

CFTC 與 SEC：兩個委員會的故事

Grewal highlights the contrasting views of the CFTC and SEC on Ethereum's classification. CFTC Chair Rostin Behnam has deemed Ethereum a commodity, while Gensler has not. This divergence creates a significant hurdle for the SEC in its consideration of a spot Ether ETF.

Grewal 強調了 CFTC 和 SEC 對以太坊分類的不同看法。 CFTC 主席 Rostin Behnam 認為以太坊是一種商品，而 Gensler 則不然。這種分歧給 SEC 考慮以太坊 ETF 現貨帶來了重大障礙。

SEC's Lack of Justification for Denial

SEC 缺乏拒絕的理由

Grewal argues that the SEC lacks compelling reasons to deny spot Ether ETF applications. He urges the SEC to avoid inventing justifications that undermine Ethereum's established regulatory status, emphasizing that Americans deserve a fair and consistent approach to regulation.

Grewal 認為，SEC 缺乏令人信服的理由來拒絕以太坊 ETF 現貨申請。他敦促美國證券交易委員會避免發明破壞以太坊既定監管地位的理由，並強調美國人應該得到公平和一致的監管方法。

Ripple's Victory: A Cautionary Tale for the SEC

Ripple 的勝利：對 SEC 的警示故事

Ripple's victory against the SEC serves as a cautionary tale for the regulator. Garlinghouse believes the SEC should learn from its mistakes and avoid pursuing similar cases that are likely to end in defeat.

Ripple 對 SEC 的勝利對監管機構來說是一個警示。加林豪斯認為，美國證券交易委員會應該從錯誤中學到教訓，避免追究可能以失敗告終的類似案件。

ETH Misinformation: A Call for Clarity

ETH 錯誤訊息：呼籲澄清

Grewal decries the spread of misinformation surrounding Ethereum's classification. He urges the SEC to provide clear guidance to avoid confusion and ensure a transparent and predictable regulatory environment for digital assets.

格魯瓦爾譴責圍繞以太坊分類的錯誤訊息的傳播。他敦促美國證券交易委員會提供明確的指導，以避免混亂，並確保數位資產的透明和可預測的監管環境。

Time for a Paradigm Shift

是時候進行範式轉移了

The SEC's current approach to digital asset regulation is outdated and inadequate. As the industry evolves, the SEC must adapt and embrace a more nuanced and flexible approach that recognizes the unique characteristics of digital assets and fosters innovation while protecting investors.

SEC 目前的數位資產監管方法已經過時且不足。隨著產業的發展，美國證券交易委員會必須適應並採用更細緻和靈活的方法，認識到數位資產的獨特特徵，並在保護投資者的同時促進創新。