標題：SEC撤銷上訴後，XRP價格上漲了12％

3月19日，星期三，XRP價格記錄了12％的貿易漲幅，為2.5美元。這是布拉德·加林豪斯（Brad Garlinghouse）宣布美國首席執行官Ripple首席執行官的提升

The U.S. Securities and Exchange Commission has dropped its appeal in the case against blockchain company Ripple over XRP sales, reports Bloomberg.

據彭博社報導，美國證券交易委員會已在XRP銷售上對區塊鏈公司Ripple的案件提出上訴。

The news was announced by Ripple CEO, Brad Garlinghouse, who described it as a victory for the company, the cryptocurrency industry, and the broader market.

Ripple首席執行官Brad Garlinghouse宣布了這一消息，他將其描述為公司，加密貨幣行業和更廣泛的市場的勝利。

The agency had sued Ripple in December 2020, claiming that the company sold XRP as an unregistered security and raised over $1.3 billion from investors. A judge ruled in July that the SEC’s claims were partially successful.

該機構在2020年12月起起訴Ripple，聲稱該公司以未註冊的安全性出售了XRP，並從投資者那裡籌集了超過13億美元。法官在7月裁定SEC的主張部分成功。

The court ruled that XRP is not a security in retail transactions but found that the SEC’s actions were not "arbitrary, capricious, an abuse of discretion, or otherwise unlawful.”

法院裁定，XRP不是零售交易中的安全性，而是發現SEC的行動不是“任意，反复無常，濫用酌處權或其他非法”的行為。

The judge also imposed a $125 million fine on Ripple and banned institutional sales of XRP in 2024. The SEC appealed this decision in early 2025.

法官還對Ripple處以1.25億美元的罰款，並於2024年禁止XRP的機構銷售。

However, in a surprising turn of events, the agency has now decided to drop the appeal, signaling that the case may finally be coming to an end.

但是，在一個令人驚訝的事件中，該機構現在決定放棄上訴，表明該案可能最終即將結束。

This move should clear legal uncertainty around Ripple attracting demand pressure from institutional and retail investors.

這一舉動應清除漣漪周圍的法律不確定性，以吸引機構和散戶投資者的需求壓力。

Is The Legal Battle Between Ripple And Sec Really Over?

Ripple和SEC之間的法律鬥爭真的結束了嗎？

According to a recent report by Blockավيس, the SEC has agreed to drop the appeal regarding the programmatic/secondary market sales but Ripple has not yet agreed to abandon its appeal against the $125 million fine and the ongoing injunction that restricts the company from selling $XRP to institutional investors without registering those sales as securities.

根據Blockավավ最近的一份報告，SEC已同意放棄有關計劃/二級市場銷售額的上訴，但Ripple尚未同意放棄對1.25億美元罰款的上訴，並且持續的禁令將公司限制在不向機構投資者出售給機構投資者而不註冊這些證券的機構投資者。

So the ball is now in Ripple’s court, as it is technically considered a plaintiff rather than a defendant. Ripple has the option to continue appealing the fine and injunction, or to drop it.

因此，該球現在在波紋的法庭上，因為從技術上講，它被認為是原告而不是被告。 Ripple可以選擇繼續上訴罰款和禁令或放棄。

This adds another layer of complexity to the outcome, as the company may choose to fight against the regulatory actions on the aforementioned fronts.

這為結果增加了另一層複雜性，因為該公司可能會選擇與上述方面的監管行為作鬥爭。