Ripple与SEC的法律斗争即将结束

1.25亿美元的罚款和永久禁止机构XRP销售的禁令仍在桌上，Ripple正在推迟。

The legal battle between Ripple and the SEC appears to be nearing its end, but not without some pushback from the company.

Ripple和SEC之间的法律斗争似乎即将结束，但并非没有公司的推动力。

According to former Fox Business journalist Eleanor Terrett, who cites “two well-placed sources,” the case is now being finalized. However, Ripple’s legal team is still negotiating for better terms, which is why things are dragging on.

据福克斯商业记者埃莉诺·特雷特（Eleanor Terrett）称，他引用了“两个位置优越的消息来源”。但是，Ripple的法律团队仍在以更好的条件进行谈判，这就是为什么事情正在拖延的原因。

The company is refusing to accept the August ruling, which imposed a $125 million fine and permanent ban on institutional XRP sales, as doing so would mean admitting wrongdoing, and the new SEC itself seems unsure if any wrongdoing even happened. Moreover, with the agency’s new leadership clearing enforcement actions for Coinbase, Kraken, and Gemini, Ripple is pushing back and questioning why it’s still the only one paying the price.

该公司拒绝接受八月的裁决，该裁决判处1.25亿美元的罚款并永久禁止机构XRP销售，因为这样做意味着承认不当行为，而新的SEC本身似乎不确定是否有任何不当行为发生。此外，随着该机构的新领导层为Coinbase，Kraken和Gemini开发执法行动，Ripple正在向后推，并质疑为什么它仍然是唯一付出代价的人。

Eleanor stated on X:

埃莉诺在X上说：

“This is taking longer than the rest of the cases to wind down because there's no real playbook for this.

“这需要比其他案件更长的时间来放松，因为没有真正的剧本。

Accepting the Torres ruling as it stands would mean that Ripple is essentially agreeing to admit to wrongdoing — but now the SEC itself is seemingly unsure whether any wrongdoing occurred.

接受托雷斯的裁决，这意味着波纹本质上是同意承认不当行为 - 但是现在SEC本身似乎不确定是否发生过任何不当行为。

At the same time, Franklin Templeton has now filed for an XRP ETF, joining an existing list that includes Canary Capital, WisdomTree, Bitwise, CoinShares, and 21Shares.

同时，富兰克林·邓普顿（Franklin Templeton）现在已申请XRP ETF，加入了包括Canary Capital，WisdomTree，Bitwise，Coinshares和21shares的现有列表。

The push for XRP ETFs is part of a broader trend following the success of spot Bitcoin ETFs, which have now reached nearly $100 billion in assets.

在现货比特币ETF成功之后，XRP ETF的推动是更广泛的趋势的一部分，现货比特币ETF现在已经达到了近1000亿美元的资产。

With pro-crypto president Donald Trump back in office, some analysts say his policies could be incredibly good for XRP over the next four years.

随着亲克赖普托总统唐纳德·特朗普（Donald Trump）的任职，一些分析师表示，在未来四年中，他的政策对XRP可能非常有利。

Under Gary Gensler, the SEC went after Ripple aggressively, arguing that XRP sales violated securities laws, but with Gary out and new leadership in charge, the crypto industry has been getting some breathing room.

在加里·盖斯勒（Gary Gensler）的领导下，SEC积极追随Ripple，认为XRP销售违反了证券法，但是加里（Gary）脱颖而出和负责新的领导层，加密货币行业已经获得了一些呼吸空间。

Discussing the implications of the pending Payer Plans, Chaeli Brenhall, an analyst at Factor+, highlighted that a no-action letter from the SEC could open the door for broader institutional participation in crypto.

Factor+的分析师Chaeli Brenhall讨论了未决付款人计划的含义，他强调说，SEC的一封无行为信可以为更广泛的机构参与加密打开。

"If the administration does not appeal the ruling by August 28, it will stand, and we can expect to see broader implications for the crypto industry. For example, if the ruling is not appealed, it could open the door for broader institutional participation in crypto in the U.S., especially with respect to digital asset securities offerings."

“如果政府在8月28日之前没有对裁决提出上诉，我们可以期望看到对加密货币行业的更广泛的影响。例如，如果未对该裁决提出上诉，它可能为在美国的加密货币提供更广泛的机构参与打开大门，尤其是关于数字资产证券产品。”

Highlighting the broader impact of the case, Brenhall added:

Brenhall补充说，强调了案件的更广泛影响：

"The outcome of this case will have far-reaching consequences for the future of digital assets in the U.S. legal landscape."

“此案的结果将对美国法律景观数字资产的未来产生深远的影响。”

Garlinghouse himself said last year that an XRP ETF in the U.S. is “inevitable.” He pointed to growing demand from both institutional and retail investors. But until the SEC decides what to do with Ripple, the future remains uncertain.

加林豪斯本人去年表示，美国的XRP ETF是“不可避免的”。他指出，机构和零售投资者的需求不断增长。但是直到SEC决定如何处理Ripple，未来仍然不确定。