SEC对Ripple的上诉放弃了，为潜在的细微降低和监管清晰度打开了大门

随着与SEC的谈判继续进行谈判，Ripple可能会谈判其1.25亿美元的罚款至1000万美元，从而塑造其未来的合规性和运营。

The U.S. Securities and Exchange Commission (SEC) has now dropped its appeal against Ripple in a significant development. This move follows a recent pattern by the SEC in cases like Coinbase (NASDAQ:COIN) and Kraken, where the regulator chose not to pursue appeals further.

美国证券交易委员会（SEC）现在已经在重大发展中放弃了对Ripple的上诉。在Coinbase（Nasdaq：Coin）和Kraken等案件中，SEC的最新模式遵循，监管机构选择不进一步提出上诉。

However, while the appeal has been dropped, the case isn't entirely closed yet. Ripple still has a pending cross appeal, and the initial $150 million (later amended to $125 million) fine remains to be finalized.

但是，尽管上诉已撤销，但案件尚未完全关闭。 Ripple仍然有未决的交叉吸引力，最初的1.5亿美元（后来修订至1.25亿美元）罚款尚待确定。

This case centers around Ripple’s alleged unlawful sale of unregistered securities in the form of its cryptocurrency, XRP.

此案围绕着Ripple涉嫌以其加密货币XRP的形式出售未注册证券的非法出售。

Thinking Crypto’s host, Ben Armstrong, was joined by attorney Fred Rispoli to discuss what this latest development means for Ripple and the broader crypto industry.

Thinking Crypto的主持人Ben Armstrong律师Fred Rispoli加入了讨论这一最新发展对Ripple和更广泛的加密货币行业意味着什么。

Federal Agencies and Their Political Factor

联邦机构及其政治因素

Rispoli explained that federal agencies like the SEC are often influenced by political considerations in their decision-making. This aspect of government bodies has been a subject of discussion for a long time, and Rispoli highlighted a shift in the past two decades.

里斯波利（Rispoli）解释说，像SEC这样的联邦机构在决策中通常受到政治考虑的影响。很长一段时间以来，政府机构的这一方面一直是讨论的主题，里斯波利强调了过去二十年来发生了变化。

He explained that there are several levels of bureaucracy involved, and the process can be quite lengthy. In contrast, cases like Coinbase and Kraken went through more stages before reaching the Supreme Court level.

他解释说，涉及几个级别的官僚机构，过程可能很漫长。相比之下，Coinbase和Kraken等案件经过了更多阶段，然后才能到达最高法院一级。

However, Ripple’s case has progressed further, which explains why Ripple is pushing back and prefers not to settle quickly.

但是，Ripple的案子进一步进展，这解释了为什么Ripple推迟推进，并且更喜欢不快速定居。

Possible Outcome for Ripple’s $125 Million Fine

Ripple的1.25亿美元罚款的可能结果

When asked whether Ripple will attempt a cross appeal to reduce or eliminate the $125 million fine, Rispoli responded that they are likely already working on it. He stated that every lawsuit has two components: the law itself and the individuals who are involved.

当被问及Ripple是否会尝试减少或消除1.25亿美元的罚款时，Rispoli回答说，他们可能已经在为之努力。他说，每个诉讼都有两个组成部分：法律本身和参与的个人。

According to Rispoli, there’s a possibility that the fine could be lowered to around $10 to $12 million, an amount which Rispoli said aligns with an initial proposal from Ripple.

根据里斯波利（Rispoli）的说法，有可能将罚款降至10到1200万美元左右，这是里斯波利（Rispoli）表示，这与Ripple的初步提议相符。

He added that the SEC’s decision to drop its appeal signals that negotiations are already in progress. In exchange for Ripple’s cross appeal, the SEC might agree to reduce the fine or grant other concessions, such as lifting the injunctions on Ripple’s operations.

他补充说，美国证券交易委员会决定放弃上诉信号，即谈判已经在进行中。为了换取Ripple的交叉上诉，SEC可能同意减少罚款或授予其他特许权，例如取消有关Ripple行动的禁令。

This would allow Ripple to proceed without any further regulatory constraints.

这将使波纹在没有任何进一步的监管限制的情况下进行。

Looking Ahead

展望未来

Rispoli further noted that Ripple might ultimately drop their cross appeal in exchange for a lower amount and a written agreement from the SEC confirming that Ripple’s activities are now compliant with the regulator’s rules.

里斯波利进一步指出，波纹最终可能会放弃交叉上诉，以换取SEC的较低金额和书面协议，确认Ripple的活动现在符合监管机构的规则。

He believes there’s a good chance of an agreement that paves the way for Ripple to continue. This includes plans for future capital raising and potentially even a future public offering.

他认为，达成协议有很大的机会为Ripple继续铺平道路。这包括未来资本筹集的计划，甚至可能是未来的公开募捐计划。