波纹诉讼：案件搬到上诉法院，未被驳回

加密观察家认为这是长期进行的法律斗争可能正在结束的标志。但是，更深入的分析表明，此案还远远没有结束。

A recent development in the U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple has sparked speculation about the case being dropped. However, a deeper analysis reveals that the case is still active and has been relocated on the SEC's website due to procedural changes.

美国证券交易委员会（SEC）针对波纹的诉讼的最新发展引发了人们对案件撤销的猜测。但是，更深入的分析表明，由于程序更改，该案仍然活跃，并已在SEC网站上搬迁。

After a post by crypto analyst Ash on X showed that a search for Ripple on the SEC's 'Litigation Release' page yielded no results, many assumed the case had been dropped. This section usually lists all civil actions filed by the SEC in federal courts.

加密分析师Ash在X上发表的帖子表明，在SEC的“诉讼发布”页面上搜索波纹的搜索没有结果，许多人认为该案已被删除。本节通常列出美国证券交易委员会在联邦法院提起的所有民事诉讼。

However, a closer look at the SEC's website tells a different story. The lawsuit, which was originally announced on December 22, 2020, has been moved from the 'Litigation Release' section because the case has now progressed to the Court of Appeals for the Second Circuit.

但是，仔细查看SEC网站讲述了一个不同的故事。该诉讼最初于2020年12月22日宣布，已从“诉讼释放”部分移动，因为该案现已上诉法院第二巡回上诉法院。

Legal expert Jeremy Hogan clarified that while the Ripple case has been removed from the SEC's litigation section, it has simply been shifted to the “cases on appeal” section. According to Hogan, the lawsuit remains active on the appellate court's website, and no new filings have been made beyond the appeal process.

法律专家杰里米·霍根（Jeremy Hogan）澄清说，虽然波纹案已从SEC的诉讼部分删除，但它只是被转移到了“上诉案件”部分。据霍根说，该诉讼仍在上诉法院的网站上活跃，并且在上诉程序之外没有提出任何新文件。

This isn't the first time such a move has occurred. The SEC took similar action in previous cases that advanced to appellate courts, such as the enforcement action against Aaron Govil. These legal transitions do not indicate settlement or case dismissal; they reflect procedural changes as cases move through the judicial system.

这不是第一次发生这样的举动。 SEC在以前的案件中采取了类似的诉讼，这些案件提出了上诉法院，例如针对亚伦·戈维尔（Aaron Govil）的执法行动。这些法律过渡并不表示解决或驳回案件；它们反映了程序的变化，因为案件通过司法系统移动。

As of now, the lawsuit remains unresolved. The SEC is still actively appealing a district court ruling that favored Ripple in parts of the case. The battle continues, with major deadlines approaching in the coming months.

截至目前，诉讼仍未解决。美国证券交易委员会仍在积极上诉一项地区法院的裁决，该裁决在案件的部分地区有利于波纹。这场战斗仍在继续，在未来几个月中，重大期限临近。

The SEC officially filed its opening appeal brief on January 15, 2025. The commission seeks to overturn the lower court's decision, which granted Ripple a partial victory by ruling that its programmatic sales and other distributions of XRP were not securities transactions. The SEC, however, is pushing back against this ruling, particularly on XRP sales to retail investors.

SEC在2025年1月15日正式提交了开幕式上诉摘要。委员会试图推翻下级法院的裁决，该裁决通过裁定其程序化销售和XRP的其他分配不是证券交易，从而授予了Ripple的部分胜利。但是，SEC正在反对这一裁决，尤其是XRP销售散户投资者。

Conversely, Ripple has set April 16, 2025, as its deadline to file a response. If approved, this brief will address the SEC's arguments and aim to solidify Ripple's prior court win. Additionally, Ripple is using this opportunity to challenge the part of the ruling that classified its sales of XRP to institutional investors as securities transactions. This aspect of the case previously led to a $125 million fine against the company.

相反，Ripple已将2025年4月16日设定为提交回应的截止日期。如果获得批准，此摘要将解决SEC的论点，并旨在巩固Ripple先前的法庭胜利。此外，Ripple正在利用这一机会来挑战将其XRP销售给机构投资者作为证券交易的一部分。此案的这一方面先前导致对该公司罚款1.25亿美元。

Meanwhile, a lawyer commenting on the case dismissed the significance of the SEC website’s removal of the lawsuit, stating:

同时，一位评论此案的律师驳回了SEC网站撤销诉讼的重要性，并指出：

“The SEC website does not matter. The appeal is still open in the Court's nationwide PACER system. I am an attorney. I just logged in. The last entry is Ripple's request for a time extension to file its Brief. The case status is still shown as Active. That may change soon.”

“ SEC网站无关紧要。该上诉仍在法院的全国起搏系统中开放。我是律师。我刚刚登录。最后一个条目是Ripple要求提交简报的时间延长的请求。案例状态仍然显示为活动。那可能很快就会改变。”

As Ripple's legal battle continues, CEO Brad Garlinghouse has been making headlines with his statements on the broader crypto market. Recently, Garlinghouse urged the industry to move beyond maximalism and embrace multiple digital assets for long-term growth.

随着Ripple的法律斗争的继续，首席执行官Brad Garlinghouse一直在更广泛的加密市场上发表声明成为头条新闻。最近，加林豪斯（Garlinghouse）敦促该行业超越最大化，并拥有多个数字资产以促进长期增长。

In an interview with Fortune, Garlinghouse, who says he owns XRP, Bitcoin, and Ethereum, highlighted the need for unity in the crypto sector.

在接受《财富》（Fortune）的采访时，加林豪斯（Garlinghouse）说，他拥有XRP，比特币和以太坊，强调了加密货币领域的团结的必要性。

“I think the crypto industry has to get behind an asset to really drive it to mainstream adoption. We saw this early on with Bitcoin maximalists, who I think did a great job in the early days of getting Bitcoin to where it is today. But now, if you maximalize on one asset, you're inherently limiting the industry.”

“我认为加密货币行业必须落后于资产，才能真正将其推向主流采用。我们很早就看到了比特币的最大主义者，我认为他在将比特币到今天的早期时做得很好。但是现在，如果您最大程度地利用一种资产，那么您就可以固有地限制该行业。”

However, Bitcoin maximalists are generally opposed to the idea of XRP being included in a national digital asset reserve. They maintain that Bitcoin is a neutral, apolitical, and decentralized monetary network that exists outside government control.

但是，比特币的最大主义者通常反对XRP包含在国家数字资产储备中的想法。他们坚持认为，比特币是政府控制之外的中立，非政治和分散的货币网络。

Unlike Bitcoin, which was fairly mined and has no central issuer, XRP was pre-mined, with Ripple Labs controlling a massive share of the supply. This pre-mine has led to accusations of centralization and unfair distribution, which maximalists argue disqualifies XRP from being a sound digital asset for the nation.

与比特币相当开采并且没有中央发行人不同，XRP是预先开采的，波纹实验室控制着大量供应份额。这种预矿导致了集中化和不公平分配的指控，这使最大化主义者认为XRP不可能成为该国的合理数字资产。

This is setting up a key crypto political battle in 2025. It may well be that there will end up being a Bitcoin Strategic Reserve and a Digital Asset Stockpile of American based crypto assets like XRP and Solana.

这是在2025年建立了一场关键的加密政治斗争。很可能最终将有一个比特币战略储备，并且数字资产库存了XRP和Solana等美国加密货币资产。

On the other hand, the confirmation of former Treasury Secretary nominee Scott Bessent, a pro-Bitcoin advocate, marks a significant development in the U.S. political arena.

另一方面，前财政部长提名人斯科特·贝森特（Scott Bessent）的证实是亲币倡导者，标志着美国政治舞台上的重大发展。

Bessent's appointment reflects the increasing number of crypto-friendly figures entering U.S. politics, a shift that could have long-term implications for regulatory clarity in the industry.

Bessent的任命反映了进入美国政治的越来越多的加密友好数字，这一转变可能会对该行业的监管清晰度产生长期影响。