美国证券交易委员会 (SEC) 对 Ripple 开出 20 亿美元罚款，引发超额罚款

Is the SEC's Request for $2 Billion in Fines Excessive?

SEC 要求 20 亿美元罚款是否过高？

The U.S. Securities and Exchange Commission (SEC) has ratcheted up its legal tussle with Ripple Labs by demanding a staggering $2 billion in fines and penalties from the company, a move that has drawn the ire of Ripple's legal counsel.

美国证券交易委员会 (SEC) 加剧了与 Ripple Labs 的法律纠纷，要求该公司支付高达 20 亿美元的罚款和处罚，此举引起了 Ripple 法律顾问的愤怒。

Stuart Alderoty, Ripple's Chief Legal Officer, took to social media to denounce the SEC's request, characterizing it as "excessive" and "misleading." He vowed that Ripple would file a formal response in the coming weeks, expressing concern over the agency's overall regulatory approach.

Ripple 首席法务官斯图尔特·阿尔德罗蒂 (Stuart Alderoty) 在社交媒体上谴责 SEC 的要求，称其“过度”和“误导”。他发誓 Ripple 将在未来几周内提交正式回应，对该机构的整体监管方式表示担忧。

Has the SEC Overstepped Its Authority?

SEC 是否越权了？

Alderoty's criticism echoes the sentiments of Ripple CEO Brad Garlinghouse, who highlighted recent court decisions where judges have rebuked the SEC in lawsuits involving other cryptocurrency firms. Garlinghouse argued that the SEC's actions demonstrate a disregard for legal precedent and a lack of focus on addressing genuine securities fraud within the cryptocurrency space.

Alderoty 的批评呼应了 Ripple 首席执行官 Brad Garlinghouse 的观点，他强调了最近法院的判决，法官在涉及其他加密货币公司的诉讼中谴责了 SEC。加林豪斯认为，美国证券交易委员会的行为表明了对法律先例的漠视，并且缺乏对解决加密货币领域内真正的证券欺诈问题的关注。

The Background of the Legal Dispute

法律纠纷的背景

The SEC filed its lawsuit against Ripple in December 2020, alleging that the company raised over $1.3 billion through the sale of XRP without proper registration. The SEC maintains that XRP functions like a stock and should be subject to securities regulations.

美国证券交易委员会 (SEC) 于 2020 年 12 月对 Ripple 提起诉讼，指控该公司在未经适当注册的情况下通过销售 XRP 筹集了超过 13 亿美元资金。 SEC 认为 XRP 的功能就像股票一样，应该受到证券监管。

Ripple's Partial Victory

Ripple 的部分胜利

Last year, in a partial victory for Ripple, a judge ruled that certain XRP sales conducted through a blind bidding process did not qualify as securities offerings. However, the judge determined that direct sales of XRP to institutional investors constituted unregistered securities.

去年，Ripple 取得了部分胜利，法官裁定通过盲目竞价过程进行的某些 XRP 销售不符合证券发行的资格。然而，法官认定，向机构投资者直接销售 XRP 构成未注册证券。

Implications for the Cryptocurrency Industry

对加密货币行业的影响

The SEC's request for a $2 billion judgment has significantly raised the stakes in this ongoing legal battle. The specific details of the SEC's filing remain confidential, but Ripple's response is expected next month.

美国证券交易委员会 (SEC) 要求做出 20 亿美元的判决，这大大增加了这场正在进行的法律斗争的风险。美国证券交易委员会提交的文件的具体细节仍然保密，但 Ripple 预计将于下个月做出回应。

This case has far-reaching implications for the cryptocurrency industry. A definitive ruling on the classification of XRP could establish a precedent for how the SEC regulates other digital assets, a development that is being closely watched by cryptocurrency companies and investors worldwide.

此案对加密货币行业影响深远。关于 XRP 分类的最终裁决可能会为 SEC 如何监管其他数字资产树立先例，这一进展正在受到全球加密货币公司和投资者的密切关注。

Is the SEC's Regulatory Strategy Misguided?

SEC 的监管策略是否存在误导？

Alderoty has criticized the SEC's regulatory strategy, arguing that it is not acting in good faith and that its actions appear aimed at punishing Ripple and the broader cryptocurrency industry rather than faithfully applying the law. He has also expressed concern that the SEC's focus on XRP is diverting resources from addressing more pressing issues within the cryptocurrency space.

Alderoty 批评了 SEC 的监管策略，认为其行为并非善意，其行动似乎旨在惩罚 Ripple 和更广泛的加密货币行业，而不是忠实地适用法律。他还表示担心 SEC 对 XRP 的关注正在转移资源，无法解决加密货币领域内更紧迫的问题。

The Future of the Lawsuit

诉讼的未来

The ongoing legal battle between the SEC and Ripple Labs is likely to reach a critical juncture in the coming weeks as Ripple files its formal response to the SEC's request for a $2 billion judgment. The outcome of this lawsuit could have far-reaching implications for the cryptocurrency industry, setting a precedent for the regulation of digital assets and shaping the future of cryptocurrency innovation.

随着 Ripple 对 SEC 要求的 20 亿美元判决请求做出正式回应，SEC 和 Ripple Labs 之间正在进行的法律斗争可能会在未来几周达到关键时刻。该诉讼的结果可能对加密货币行业产生深远影响，为数字资产监管开创先例，并塑造加密货币创新的未来。