儘管贏得了法庭之戰，但XRP仍在失敗

Ripple可能贏得了法庭之戰，但XRP在市場上失去了陣地。 SEC放棄其吸引力應該是改變遊戲規則的人

The U.S. Securities and Exchange Commission (SEC) will not appeal a court ruling that largely cleared Ripple Labs of charges of selling unregistered securities, according to a report by The Block.

根據該國的一份報告，美國證券交易委員會（SEC）將不對法院裁決上訴，該裁決在很大程度上清除了出售未註冊證券的指控的波紋實驗室。

The decision, which was first reported by Bloomberg, comes after the agency had previously indicated its intention to appeal.

該決定是由彭博社首先報導的，該決定是在該機構以前表示要上訴的意圖之後。

The case, which began in 2020, has been closely watched by the crypto industry. It centers around XRP, a cryptocurrency created by Ripple.

該案始於2020年，已被加密貨幣行業密切關注。它以XRP為中心，這是Ripple創建的加密貨幣。

The SEC’s complaint alleged that Ripple’s $7.1 billion programmatic sale of XRP via secondary exchanges like Coinbase and Kraken over a seven-year period violated securities laws.

SEC的投訴稱，Ripple通過Coinbase和Kraken等七年期間違反了證券法的二級交易所進行的71億美元的XRP計劃出售XRP。

However, U.S. District Judge Analisa Torres ruled last December that these sales were not securities transactions.

但是，美國地方法院法官Analisa Torres去年12月裁定這些銷售不是證券交易。

Instead, the agency’s claim that Ripple’s direct sales of XRP to institutional investors were securities violations was sustained, leading to a $125 million payout from Ripple to settle the case.

取而代之的是，該機構的說法是，持續的XRP向機構投資者直接銷售了違反證券的行為，從而從Ripple支付了1.25億美元的款項，以解決此案。

The judge’s ruling also had implications for the potential approval of an XRP ETF.

法官的裁決也對XRP ETF的潛在批准有影響。

Experts say that the case’s resolution is crucial for the industry as it brings much-needed clarity to crypto regulation in the U.S.

專家說，該案的解決方案對行業至關重要，因為它給美國的加密監管帶來了急需的清晰度

“The Ripple case progressed further than other dropped cases, such as those against Coinbase and Kraken, where the SEC declined to pursue appeals of lower court rulings that no federal securities law was broken,” said Harold Baker, a former federal judge and partner at Baker McKenzie.

貝克·麥肯齊（Baker McKenzie）的前聯邦法官兼合夥人哈羅德·貝克（Harold Baker）表示：“連鎖反應的案件比其他丟棄的案件，例如針對Coinbase和Kraken的案件，在那裡SEC拒絕提出下級法院裁決的上訴，即沒有聯邦證券法被違反。”

“The fact that the agency is now forgoing an appeal in the Ripple case is noteworthy.”

“該機構現在在波紋案中提出上訴的事實值得注意。”

Despite the legal victory, XRP’s market performance has been lackluster. On-chain data from Santiment reveals a nearly 70% drop in daily active addresses on the token’s network over the past week.

儘管取得了合法的勝利，但XRP的市場表現卻很乏力。來自Santiment的鍊鍊數據顯示，在過去一周中，令牌網絡上的每日活動地址下降了近70％。

This inactivity could be attributed to the summer lull in trading activity and coincides with an 11% price decline for the token.

這種不活動可能歸因於貿易活動的夏季平息，而代幣的價格下降了11％。

If traders continue to exit their positions, XRP could face further downside momentum, especially without any new utility additions or fundamental catalysts to attract buyers.output:

如果交易者繼續退出職位，XRP可能會面臨進一步的下行勢頭，尤其是沒有任何新的公用事業或基本催化劑來吸引買家。

The U.S. Securities and Exchange Commission (SEC) has decided not to appeal a court ruling that largely cleared Ripple Labs of charges of selling unregistered securities, according to The Block.

該街區稱，美國證券交易委員會（SEC）已決定不向法院裁決上訴，該裁決在很大程度上清除了出售未註冊證券的指控。

The news outlet reported on Tuesday that the agency’s decision was confirmed by two people familiar with the matter.

該新聞媒體週二報導說，該機構的決定得到了兩個熟悉此事的人的決定。

After the judge’s ruling last December, the SEC had indicated its intention to appeal.

法官去年12月裁決後，美國證券交易委員會（SEC）表示打算上訴。

However, the agency opted not to pursue this path further.

但是，該機構選擇不進一步走這條路。

The case, which began in 2020, has been closely monitored by the cryptocurrency industry.

該案始於2020年，已受到加密貨幣行業的密切監控。

The SEC’s complaint focused on Ripple’s programmatic sale of XRP via secondary exchanges like Coinbase and Kraken, which the agency claimed violated securities laws.

SEC的投訴集中在Ripple通過Coinbase和Kraken等二次交易所進行編程XRP出售，該機構聲稱這違反了證券法。

Judge Analisa Torres ruled that these sales did not constitute securities transactions.

Analisa Torres法官裁定，這些銷售不構成證券交易。

Instead, the court sustained the agency’s claim that Ripple’s direct sales of XRP to institutional investors were securities violations, leading to a $125 million payout from Ripple to settle the case.

取而代之的是，法院維持了該機構的說法，即波紋XRP向機構投資者的直接銷售是違反證券的行為，導致從Ripple支付的1.25億美元以解決此案。

The judge’s ruling also had implications for the possibility of an XRP ETF being approved.

法官的裁決也對獲得XRP ETF的可能性有影響。

Experts have highlighted the significance of the case’s resolution for the industry as it brings much-needed clarity to crypto regulation in the U.S.

專家強調了該案對行業的解決方案的重要性，因為它給美國加密監管帶來了急需的清晰度

“The Ripple case progressed further than other dropped cases, such as those against Coinbase and Kraken, where the SEC declined to pursue appeals of lower court rulings that no federal securities law was broken,” said Harold Baker, a former federal judge and partner at Baker McKenzie.

貝克·麥肯齊（Baker McKenzie）的前聯邦法官兼合夥人哈羅德·貝克（Harold Baker）表示：“連鎖反應的案件比其他丟棄的案件，例如針對Coinbase和Kraken的案件，在那裡SEC拒絕提出下級法院裁決的上訴，即沒有聯邦證券法被違反。”

“The fact that the agency is now forgoing an area of appeal in the Ripple case is interesting.”

“該機構現在在波紋案中放棄上訴領域的事實很有趣。”

Despite the legal victory, XRP’s market performance has been lackluster. On-chain data from Santiment shows a steep decline in daily active addresses on the token’s network.

儘管取得了合法的勝利，但XRP的市場表現卻很乏力。來自Santiment的鏈上數據顯示，令牌網絡上的日常活動地址急劇下降。

Over the past week alone, there has been nearly a 70% drop in active addresses, which could indicate lower liquidity and reduced speculative interest, potentially exacerbating the token’s recent 11% price slump.

僅在過去的一周中，活動地址下降了近70％，這可能表明流動性降低並減少了投機興趣，這可能加劇了代幣最近的11％的價格下跌。

If traders continue to exit their positions en masse and there are no new utility additions or fundamental catalysts to attract buyers, XRP could face further downside momentum.

如果交易者繼續大規模退出職位，並且沒有新的公用事業或基本催化劑來吸引買家，那麼XRP可能會面臨進一步的下行勢頭。