Ripple首席技术官David Schwartz反对声称XRP是IMF新分类框架下的安全性

在国际货币基金组织对付款平衡和国际投资手册（BPM7）的最新修订之后，辩论发生了，这是第一个主要更新

In a recent development, Ripple’s Chief Technology Officer, David Schwartz, has pushed back against claims that XRP should be considered a security under the International Monetary Fund’s (IMF) newly updated financial classification framework.

在最近的一项发展中，Ripple的首席技术官David Schwartz反对认为应将XRP视为国际货币基金（IMF）新更新的金融分类框架的安全性。

The debate arose after the IMF completed the latest revision of its Balance of Payments and International Investment Manual (BPM7). This is the first major update since 2009, and it formally integrates cryptocurrencies into the global financial reporting system.

IMF完成了其付款余额和国际投资手册（BPM7）的最新修订后，辩论发表。这是自2009年以来的第一个主要更新，它正式将加密货币整合到全球财务报告系统中。

The update, which began in 2009, also sparked discussions regarding the classification of various digital assets, including Ripple’s XRP.

该更新始于2009年，还引发了有关各种数字资产（包括Ripple XRP）分类的讨论。

However, Schwartz challenged the IMF’s definition of utility tokens, which he believes could be misconstrued to suggest that XRP qualifies as a security.

但是，施瓦茨（Schwartz）对国际货币基金组织对公用事业令牌的定义提出了质疑，他认为这可能会被误解，以表明XRP符合安全性。

According to BPM7, digital assets are categorized based on whether they create a financial claim or liability for their issuer. For instance, Bitcoin is excluded from this classification due to its decentralized mining mechanism.

根据BPM7的数据，数字资产是根据它们对发行人创造财务索赔还是责任的分类。例如，由于其分散的采矿机制，将比特币排除在此分类之外。

But the IMF’s stance implies that utility tokens, commonly used to facilitate access to digital goods and services, could be categorized as debt securities. This claim has fueled speculation about XRP’s status.

但是，国际货币基金组织的立场意味着，通常用于促进获得数字商品和服务的公用事业令牌可以归类为债务证券。这一主张引发了人们对XRP状态的猜测。

Responding to online commentary that joked, “XRP is about to be permanently labeled a security,” Schwartz made a critical observation.

施瓦茨对在线评论的回应说：“ XRP即将被永久标记为安全性。”

If XRP fits this description simply because it can be used for transaction fees, then Bitcoin and Ethereum would also qualify under the same definition.

如果XRP仅仅因为可以用于交易费用而拟合此描述，则比特币和以太坊也将在相同的定义下符合条件。

If XRP is a utility token because you can use it to pay future transaction fees, then so are BTC and ETH.

如果XRP是实用程序代币，因为您可以使用它来支付未来的交易费用，那么BTC和ETH也是如此。

— David "JoelKatz" Schwartz (@JoelKatz) March 23, 2025

- David“ Joelkatz” Schwartz（@Joelkatz）2025年3月23日

His comments raise a broader question about the IMF’s classification system—one that could inadvertently place major blockchain networks like Ethereum and Solana under the same regulatory scrutiny.

他的评论提出了关于IMF的分类系统的更广泛的问题，该系统可能会无意中将以太坊和Solana等主要区块链网络置于同一监管审查下。

According to the Minerals Processing Institute, Inc (MPI), the price of copper has risen rapidly in recent months due to supply chain disruptions caused by the coronavirus pandemic.

根据矿产加工研究所（MPI）的数据，由于冠状病毒大流行造成的供应链中断，铜的价格在最近几个月迅速上涨。

Rising copper prices have also put pressure on downstream industries, but the good news is that copper prices are expected to stabilize in the second half of the year as the pandemic subsides and economies recover.

铜价上涨也给下游行业施加了压力，但好消息是，随着大流行的补贴和经济的恢复，铜价预计将在下半年稳定。

Copper prices are expected to remain elevated in the medium term due to strong demand from the electric vehicle industry and other renewable energy technologies.

由于电动汽车行业和其他可再生能源技术的需求强劲，预计中期铜价将保持上升。

In addition, copper is a key component in many manufacturing industries, and as the global economy recovers, we can expect to see increased demand for copper.

此外，铜是许多制造业的关键组成部分，随着全球经济的恢复，我们可以期望看到对铜的需求增加。

Overall, copper prices are expected to remain volatile in the short term, but the long-term outlook for copper prices is positive.

总体而言，铜价在短期内保持波动，但铜价的长期前景是正面的。

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- 时间赛车（@timestabloid1）2023年7月15日

Are Any Major Cryptos True ‘Debt Securities’

是否有任何主要的加密货币真实的“债务证券”

Schwartz further noted that, based on the IMF’s definition, no widely recognized cryptocurrency truly fits the criteria of a security-like utility token.

Schwartz进一步指出，基于IMF的定义，没有广泛认可的加密货币真正符合类似安全的实用程序令牌的标准。

His response reflects concerns that broad-stroke regulatory definitions could mischaracterize the actual function of these assets.

他的回应反映了担忧，即广泛的监管定义可能会误解这些资产的实际功能。

This latest debate over XRP’s classification unfolds against the backdrop of Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).

关于XRP分类的最新辩论是在Ripple与美国证券交易委员会（SEC）进行的法律斗争的背景下进行的。

The lawsuit, which began in 2020, revolves around whether XRP was unlawfully sold as an unregistered security. A pivotal court ruling in 2023 found that while Ripple’s direct sales to institutional investors violated securities laws, its broader programmatic sales did not.

该诉讼始于2020年，围绕着XRP是否以未注册的安全性出售。一项关键的法院裁决在2023年发现，尽管Ripple向机构投资者的直接销售违反了证券法，但其更广泛的计划销售却没有。

As the case nears its conclusion, Ripple’s legal stance—and regulatory clarity on how digital assets are classified—could shape the future landscape for XRP and the broader cryptocurrency market.

随着案件的结论，Ripple的法律立场以及对数字资产如何分类的监管明确性 - 可以塑造XRP和更广泛的加密货币市场的未来景观。

: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

：该内容旨在告知，不应被视为财务建议。本文中表达的观点可能包括作者的个人意见，并且不代表小报的观点。在做出任何投资决策之前，敦促读者进行深入研究。读者采取的任何行动都严格符合他们自身的风险。时代小报对任何财务损失概不负责。

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