Ripple Labs可能正在准备长达四年后的长期运行SEC案件

美国证券交易委员会可能会准备在四年多后终止针对Ripple Labs的执法行动。

The US Securities and Exchange Commission may be preparing to end its enforcement action against Ripple Labs after more than four years.

美国证券交易委员会可能会准备在四年多后终止针对Ripple Labs的执法行动。

According to a March 12 X post from Fox Business reporter Eleanor Terrett, the SEC’s case against Ripple was “in the process of wrapping up” after the parties filed an appeal and cross-appeal, respectively, over a $125-million judgment in August 2024. The civil case against the blockchain firm filed in December 2020 alleged Ripple and certain executives used XRP (XRP) as an unregistered security to raise funds.

根据3月12日的福克斯业务记者埃莉诺·特雷特（Eleanor Terrett）的一篇3月12日的帖子，SEC针对Ripple的案件“正在总结”，分别在2024年8月在2024年8月对12500万美元的1.25亿美元判决中提出上诉和交叉诉讼。该公司在2020年12月针对Ripple和某些执行人员的竞选公司（Xrperives and and Xrp）中提出了针对Blockchain file的民事案件。

Ripple chief legal officer Stuart Alderoty told Cointelegraph on March 11 that the SEC civil case was “far more advanced” than many of the others the regulator had dropped following the inauguration of US President Donald Trump and the departure of Chair Gary Gensler. Since January, the SEC has announced it will not pursue enforcement cases against Coinbase (NASDAQ:COIN), Consensys, Kraken and others.

波纹首席法律官斯图尔特·奥尔德罗蒂（Stuart Alderoty）在3月11日告诉Cointelegraph，SEC民事案件“比许多其他监管机构在美国总统唐纳德·特朗普（Donald Trump）就职和董事长加里·盖斯勒（Gary Gensler）的离职之后丢弃的其他案件“要高得多”。自1月以来，SEC已宣布将不针对Coinbase（NASDAQ：COIN），CONSENSYS，KRAKEN等人提起执法案件。

“We do have a judgment, we are on appeal — that presents some additional complexity,” said Alderoty in regard to the case potentially being dropped. “But we remain optimistic that we’ll get to a resolution with the SEC, and if we don’t, we’ll proceed with the appeal.”

“我们确实有判断，我们正在上诉 - 提出了一些额外的复杂性，”奥尔德罗蒂（Alderoty）在可能被撤销的情况下说。 “但是我们保持乐观，我们将与SEC达成决议，如果不这样做，我们将继续上诉。”

According to the Ripple CLO, there were several possible outcomes to ending the SEC case if both parties were in agreement that it should wind down. If Ripple and the SEC agreed independently to drop their appeal and cross-appeal in the Second Circuit, then the $125-million judgment in the lower court would stand. If there were a dispute over the monetary judgment, then the blockchain firm and the commission would have to go “hand-in-hand” to request any modification from a judge.

根据Ripple Clo的说法，如果双方都同意应结束这一案件，则有几种可能的结果来结束SEC案件。如果Ripple和SEC同意在第二巡回赛中独立放弃他们的上诉和交叉上诉，那么下级法院的1.25亿美元判决将受到影响。如果关于货币判决存在争议，则区块链公司和委员会必须“携手”以要求法官进行任何修改。

See Also: Why Is The Ripple SEC Case Still Ongoing Amid A Sea Of Resolutions?

另请参阅：为什么在决议之海中仍在进行连锁反应的SEC案件？

The SEC v. Ripple case involved one of the first significant court rulings favouring the crypto industry when Judge Analisa Torres said the XRP token was not a security under the regulator’s purview — but only in regard to programmatic sales on exchanges. At the time of publication, no filing suggesting the SEC intended to drop the case appeared on the docket for the US District Court for the Southern District of New York or the US Court of Appeals for the Second Circuit.

Secv。Ripple案件涉及对加密货币行业的第一个重大法院裁决之一，当时Analisa Torres法官表示，XRP令牌不是监管机构的权限下的安全性 - 而仅在交流方面的程序销售方面。在发布时，没有提交建议撤销此案的文件在美国南部地区纽约南区或美国第二巡回上诉法院的案卷上出现。

Change of tone at SEC under Trump

特朗普领导下的SEC的语调改变

Although the SEC filed the Ripple case under Trump’s former chair, Jay Clayton, the commission stepped up the number of enforcement actions following Gensler’s confirmation in 2021.

尽管SEC在特朗普的前主席杰伊·克莱顿（Jay Clayton）的领导下提起了波纹案，但在Gensler在2021年确认后，委员会加强了执法行动的数量。

Ripple CEO Brad Garlinghouse said in an interview aired in December 2024 that the firm may not have gotten as involved in US politics if the commission had been led by someone other than Gensler. Contributed $45 million to the political action committee Fairshake for the previous election cycle and donated another $25 million in November 2024.

Ripple首席执行官布拉德·加林豪斯（Brad Garlinghouse）在2024年12月播出的一次采访中说，如果委员会由Gensler以外的其他人领导，该公司可能不会参与美国政治。在上一个选举周期中为政治行动委员会的Fairshake捐款了4500万美元，并在2024年11月又捐赠了2500万美元。

Ripple pledged $5 million in XRP to Trump’s inauguration fund following his election victory, and both Garlinghouse and Alderoty attended Washington, DC events on Jan. 20 as official guests. The chief legal officer personally donated more than $300,000 to fundraising and political action committees supporting the US president.

Ripple在选举胜利后向特朗普的就职基金提供了500万美元的XRP，而Garlinghouse和Alderoty于1月20日作为官方嘉宾参加了华盛顿特区。首席法律官亲自向支持美国总统的筹款和政治行动委员会捐赠了超过30万美元。

The correlation between political contributions to Trump and Republicans and the SEC dropping enforcement actions has many critics pointing to potential conflicts of interest in the administration. Coinbase, another major Fairshake backer that donated $1 million to Trump’s inauguration, had its SEC civil case halted in February. Its CEO, Brian Armstrong, also attended a March 7 crypto summit at the White House, along with Garlinghouse and others.

对特朗普和共和党人的政治贡献与SEC撤销执法行动之间的相关性有许多批评家指出，政府潜在的利益冲突。 Coinbase是另一位主要的Fairshake支持者，向特朗普的就职典礼捐赠了100万美元，其SEC民事案件于2月停止。它的首席执行官布莱恩·阿姆斯特朗（Brian Armstrong）还与加林豪斯（Garlinghouse）和其他人一起参加了3月7日在白宫的加密峰会。

Alderoty suggested that the SEC dropping cases was “independent” of any political donations and more reflective of Acting Chair Mark Uyeda’s perspective on the industry and related regulations.

奥尔德罗蒂（Alderoty）建议，SEC撤销案件“独立于”任何政治捐款，更反思代理主席马克·乌耶达（Mark Uyeda）对行业和相关法规的看法。

At the time of publication, the US Senate has not scheduled a hearing to consider the nomination of the potential next head of the commission, Paul Atkins. Commissioner Hester Peirce said in February that the SEC would be more likely to wait on setting a crypto regulatory agenda after a new chair took office.

在发布时，美国参议院尚未安排听证会来考虑委员会下一个负责人保罗·阿特金斯的提名。赫斯特·皮尔斯（Hester Peirce）专员在2月表示，在新主席上任后，SEC更有可能等待制定加密监管议程。