SEC的Ripple战斗即将崩溃，前SEC官方官员表示结束

美国证券交易委员会（SEC）似乎正在解开其加密执行计划，并进行了多次法律撤退和内部重组。

The U.S. Securities and Exchange Commission (SEC) is reportedly unraveling its crypto-enforcement program, with multiple legal retreats and internal restructuring taking place. A former SEC official is now predicting that the Ripple appeal will be next to be abandoned.

据报道，美国证券交易委员会（SEC）正在揭露其加密执行计划，并进行了多次法律撤退和内部重组。一位前美国证券交易委员会（SEC）的官员现在预测，波纹上诉将被放弃。

Former SEC enforcement chief John Reed Stark highlighted the shift on social media platform X this week, stating: “As predicted, like the rest of the SEC’s crypto-enforcement program, the SEC Coinbase case is dead.” He stressed: “The SEC Ripple appeal is obviously next on the chopping block.”

前美国证券交易委员会执法部长约翰·里德·斯塔克（John Reed Stark）本周强调了社交媒体平台X上的转变，他指出：“正如预测的那样，就像SEC的其他执法计划一样，SEC Coinbase案已经死了。”他强调说：“ SEC Ripple的吸引力显然是斩波块。”

Stark explained that the agency's retreat from crypto enforcement signaled a broader shift in its regulatory approach and anticipated that more cases, including the high-profile Ripple appeal, would soon be abandoned.

斯塔克解释说，该机构从加密执法中撤退表明其监管方法发生了更大的转变，并预计将很快放弃更多的案件，包括备受瞩目的波纹上诉。

The SEC recently dropped its appeal concerning whether crypto firms should be classified as securities dealers, backing away from efforts to expand its authority after facing legal challenges from industry groups. This decision follows a pattern under acting SEC Chair Mark Uyeda, who has overseen several crypto enforcement pauses since taking the helm.

SEC最近放弃了有关加密货币公司是否应归类为证券交易商的上诉，在面对行业集团的法律挑战之后，退出了扩大其权力的努力。该决定是在代理SEC主席马克·乌耶达（Mark Uyeda）下的模式下进行的，后者自从掌管以来一直监督了几次加密执法。

The former SEC official predicted that the agency's next move would be to abandon its case against Ripple Labs, stating: “The Ripple appeal is also most certainly next in line for dismissal. Why? Because the new SEC top brass has made it crystal clear that the SEC will never file another court pleading of any kind arguing that a digital asset is a security, at least not until the Crypto Mom’s task force has completed its mission.”

这位前美国证券交易委员会官员预测，该机构的下一步行动将放弃对Ripple Labs的案件，并指出：“波纹上诉也是被解雇的下一步。为什么？因为新的SEC顶级黄铜已经明确表明，SEC永远不会提出任何形式的法院辩护，认为数字资产是安全性，至少直到加密妈妈的工作队完成其任务才是如此。”

The agency's shift in approach coincides with a broader overhaul of its enforcement strategy, including the rebranding of its crypto unit as a cyber unit and the removal of key figures involved in crypto litigation.

该机构在进近方面的转变恰逢其执法策略的更广泛的大修，包括将其加密货币单位重新命名为网络单位，以及删除涉及加密诉讼的关键数据。

Stark described the situation as unprecedented, stating: “The SEC's frantic and unprecedented rampage to dismantle its crypto-enforcement program continues: this time, halting two SEC appeals dead in their tracks (buckle up XRP Army, the Ripple appeal has got to be next on the SEC chopping block).” These moves suggest that all crypto-related enforcement efforts may be put on hold indefinitely as the newly formed task force led by SEC Commissioner Hester Peirce, known as “Crypto Mom,” takes control of the agency's direction.

斯塔克（Stark）将这种情况描述为前所未有的，说：“ SEC的疯狂和前所未有的横冲直撞，以拆除其加密执法计划的持续持续：这次，停止了两个SEC在他们的轨道上死亡（Buckle up xrp XRP军队，Ripple Applip the Ripple上诉必须是下一场。在SEC切碎块上）。”这些举动表明，随着由SEC专员Hester Peirce（被称为“加密妈妈”）领导的新成立的工作组，所有与加密相关的执法工作都可以无限期地搁置。

Adding to the upheaval, Stark noted, “Expect all SEC administrative law judges to be fired forthwith,” citing a Department of Justice (DOJ) letter that challenged the legal foundation of the SEC's administrative law judges. He further characterized the agency's shift as extraordinary, stating: “Strange things are afoot at SEC HQ. Never before in the history of the SEC has this kind of radical turnabout in SEC enforcement policy ever taken place. Never, ever, ever.”

斯塔克指出，除了动荡之外，“期望所有SEC行政法法官立即被解雇”。他进一步将该机构的转变描述为非凡，并指出：“奇怪的事情在SEC总部进行。在SEC的历史上，从未在SEC执法政策中发生这种激进的转变。永远，永远，永远。”

Looking ahead, he predicted deeper institutional instability, saying: “What's next? It's the perfect storm at the SEC: a president who does not trust the SEC; a crypto czar who has no respect for the SEC; and a DOGE [Department of Government Efficiency] director who hates the SEC. That's not good for SEC staff.”

展望未来，他预测了更深的机构不稳定，说：“下一步是什么？这是SEC的完美风暴：不信任SEC的总统；一个不尊重SEC的加密沙皇；以及讨厌SEC的Doge [政府效率部]主任。这对SEC员工不利。”

As the SEC takes a step back from crypto enforcement, industry observers are bracing for a new regulatory landscape, one where digital assets may face fewer immediate legal challenges.

随着SEC从加密执法中退后一步，行业观察者正在为新的监管景观提供支持，在这种情况下，数字资产可能面临更少的即时法律挑战。