SEC 的以太坊打击行动会陷入死胡同吗？

美国证券交易委员会对以太坊的打击可能面临僵局，因为 Ripple 的首席执行官预测他们的法律斗争将陷入死胡同。布拉德·加林豪斯 (Brad Garlinghouse) 认为，该机构将以太坊标记为证券的尝试最终会碰壁，并援引了美国证券交易委员会过去在监管加密行业方面的法庭失败。以太坊的命运悬而未决，专家们正在密切关注美国证券交易委员会的雄心是否会在加林豪斯大胆预测的重压下崩溃。

Will the SEC's Ethereum Ambitions Crumble?

SEC 的以太坊野心会破灭吗？

The legal tussle between the SEC and Ethereum has captivated the crypto realm, with experts weighing in on potential outcomes. Ripple CEO Brad Garlinghouse has thrown his hat into the ring, predicting a triumphant victory for Ethereum.

美国证券交易委员会和以太坊之间的法律纠纷引起了加密领域的关注，专家们正在权衡潜在的结果。 Ripple 首席执行官布拉德·加林豪斯 (Brad Garlinghouse) 已投身擂台，预测以太坊将取得胜利。

Ripple CEO: SEC's Ethereum Battle Doomed to Fail

Ripple首席执行官：SEC的以太坊之战注定失败

Garlinghouse, an outspoken critic of the SEC, has asserted that the agency's efforts to paint Ethereum as a security are doomed to failure. He points to the SEC's history of courtroom setbacks in its pursuit of the crypto industry.

加林豪斯是美国证券交易委员会的直言不讳的批评者，他断言该机构将以太坊描绘成证券的努力注定会失败。他指出了美国证券交易委员会在追查加密货币行业过程中屡屡在法庭上遭遇挫折的历史。

"The SEC's attempts to shoehorn the crypto industry into its legal framework have repeatedly ended in humiliating defeats," Garlinghouse said. "It's time for the SEC to recognize its own limitations and stop wasting taxpayer dollars on these frivolous lawsuits."

加林豪斯表示：“美国证券交易委员会试图将加密货币行业强行纳入其法律框架，但一再以耻辱性的失败告终。” “美国证券交易委员会是时候认识到自己的局限性，并停止在这些无聊的诉讼上浪费纳税人的钱了。”

SEC vs. CFTC: A Regulatory Tug-of-War

SEC 与 CFTC：一场监管拉锯战

Garlinghouse's comments come amid growing tensions between the SEC and the Commodity Futures Trading Commission (CFTC), another US regulator. The SEC has been criticized for its aggressive approach to crypto regulation, while the CFTC has taken a more pragmatic stance.

加林豪斯发表上述言论之际，美国证券交易委员会与另一家美国监管机构商品期货交易委员会（CFTC）之间的紧张关系日益加剧。美国证券交易委员会因其对加密货币监管的激进态度而受到批评，而美国商品期货交易委员会则采取了更为务实的立场。

"The SEC is lagging behind its international peers and competing with other regulators like the CFTC," Garlinghouse said. "When will the SEC realize that it can't keep fighting to label Ethereum a security, just like it did with XRP?"

加林豪斯表示：“美国证券交易委员会落后于国际同行，并与美国商品期货交易委员会等其他监管机构竞争。” “美国证券交易委员会什么时候才会意识到，它不能继续努力将以太坊标记为证券，就像对待 XRP 那样？”

Ripple's Partial Victories: A Warning Shot

Ripple 的部分胜利：警告

Ripple has scored partial victories against the SEC in its ongoing lawsuit. In July 2022, a judge ruled that XRP sales did not meet the requirements of the Howey Test, a legal framework used to determine whether an asset is a security.

Ripple 在针对 SEC 的持续诉讼中取得了部分胜利。 2022 年 7 月，法官裁定 XRP 销售不符合 Howey 测试的要求，Howey 测试是用于确定资产是否为证券的法律框架。

The SEC's subsequent request for an interlocutory appeal was denied, preventing the agency from challenging the ruling until the conclusion of the lawsuit. These setbacks have cast doubt on the SEC's ability to prove its case against Ethereum.

美国证券交易委员会随后提出的中间上诉请求被拒绝，这使得该机构在诉讼结束之前无法对裁决提出质疑。这些挫折让人们对 SEC 证明其针对以太坊的案件的能力产生了怀疑。

The SEC's Coinbase Quandary

SEC 的 Coinbase 困境

Coinbase's recent self-certifications with the CFTC have further complicated the SEC's Ethereum ambitions. The CFTC's potential approval of futures ETFs for Bitcoin Cash, Dogecoin, and Litecoin could bolster the argument that these tokens are commodities, not securities.

Coinbase 最近向 CFTC 进行的自我认证让 SEC 的以太坊野心进一步复杂化。 CFTC 可能批准比特币现金、狗狗币和莱特币的期货 ETF，这可能会支持这些代币是商品而非证券的论点。

"The SEC's chances of overturning the 'Programmatic Sales of XRP' ruling may be undermined by the CFTC's classification of these tokens as commodities," Garlinghouse said. "This could be one reason why the SEC is so intent on fighting the CFTC."

加林豪斯表示：“美国证券交易委员会推翻‘XRP 程序化销售’裁决的机会可能会因 CFTC 将这些代币归类为商品而受到削弱。” “这可能是 SEC 如此热衷于对抗 CFTC 的原因之一。”

Ripple's Legal Marathon Nears the Finish Line

Ripple的合法马拉松接近终点线

The Ripple-SEC lawsuit has been a protracted legal battle that began in 2020. The highly anticipated trial is scheduled for April 23, 2023. The outcome of this case could have significant implications for the regulatory landscape of cryptocurrencies in the United States.

Ripple-SEC 诉讼是一场从 2020 年开始的旷日持久的法律战。备受期待的审判定于 2023 年 4 月 23 日进行。此案的结果可能对美国加密货币的监管格局产生重大影响。

Ethereum's Future: A Legal Crossroads

以太坊的未来：法律的十字路口

The SEC's pursuit of Ethereum has put the cryptocurrency's future in the balance. Garlinghouse's prediction of an SEC defeat adds to the uncertainty surrounding Ethereum's regulatory status. The legal battle between the SEC and Ethereum will undoubtedly shape the future of crypto regulation and the fate of Ethereum itself.

美国证券交易委员会对以太坊的追捕让加密货币的未来岌岌可危。加林豪斯对美国证券交易委员会失败的预测增加了以太坊监管地位的不确定性。美国证券交易委员会和以太坊之间的法律斗争无疑将影响加密货币监管的未来以及以太坊本身的命运。