司法显微镜下 Ripple 的法律胜利

福克斯商业频道高级记者查尔斯·加斯帕里诺 (Charles Gasparino) 援引其他联邦法官的怀疑态度，其中包括公司法司法部门“院长”杰德·S·拉考夫 (Jed S. Rakoff) 法官，他推测法官阿纳丽莎·托雷斯 (Analisa Torres) 对 SEC 做出的对 Ripple 有利的裁决可能会受到更高级别的司法审查。美国证券交易委员会最近在 Coinbase 案中获胜，对数字资产可以规避证券法的论点提出了挑战，这可能会进一步强化这种怀疑，专家建议托雷斯法官的 Ripple 裁决可能会被推翻。

Ripple's Favorable Ruling Faces Judicial Scrutiny

Ripple的有利裁决面临司法审查

Amidst the evolving legal landscape surrounding cryptocurrencies, the fate of Ripple's landmark victory against the US Securities and Exchange Commission (SEC) hangs in the balance. Senior Correspondent for Fox Business, Charles Gasparino, has raised concerns that the favorable ruling issued by Judge Analisa Torres may not withstand higher judicial review.

在围绕加密货币不断变化的法律环境中，瑞波币对美国证券交易委员会（SEC）的里程碑式胜利的命运悬而未决。福克斯商业频道高级记者查尔斯·加斯帕里诺 (Charles Gasparino) 担心法官阿娜丽莎·托雷斯 (Analisa Torres) 作出的有利裁决可能无法经受更高的司法审查。

Gasparino's skepticism stems from the recent decision in the Coinbase vs. SEC lawsuit, where the SEC emerged victorious. The court's decision challenged the notion that digital assets could skirt securities laws, raising doubts about the viability of the arguments presented in Ripple's case.

加斯帕里诺的怀疑源自最近 Coinbase 诉 SEC 诉讼的判决，其中 SEC 获胜。法院的裁决对数字资产可以规避证券法的观点提出了挑战，引发了人们对 Ripple 案件中提出的论点的可行性的怀疑。

"A reminder to the XRP community: So far, TWO Fed judges, including the one considered the 'dean' of corporate-law judiciary (Rakoff), have scoffed at arguments using Judge Torres' Ripple ruling as precedent because the ruling itself is so incoherent," Gasparino tweeted.

“提醒 XRP 社区：到目前为止，两名美联储法官，包括被认为是公司法司法部门‘院长’的一位法官 (Rakoff)，对以托雷斯法官的 Ripple 裁决作为先例的论点嗤之以鼻，因为该裁决本身是如此语无伦次，”加斯帕里诺发推文。

The Coinbase ruling emphasized that "the 'crypto' nomenclature may be of recent vintage, but the challenged transactions fall comfortably within the framework that courts have used to identify securities for nearly eighty years." This ruling dismissed the applicability of Torres's Ripple decision as a defense.

Coinbase 的裁决强调，“‘加密货币’术语可能是最近才出现的，但受到质疑的交易完全属于法院近八十年来用来识别证券的框架。”这项裁决驳回了托雷斯的瑞波判决作为辩护的适用性。

Gasparino further highlighted that Judge Katherine Polk Failla, who presided over the Coinbase case, rejected Coinbase's contention that Torres's Ripple ruling supported its motion to dismiss. Instead, Judge Failla cited the Rakoff analysis on Terraform, which also rejected the Torres analysis.

加斯帕里诺进一步强调，主持 Coinbase 案件的法官 Katherine Polk Failla 驳回了 Coinbase 的论点，即托雷斯的 Ripple 裁决支持其驳回动议。相反，法伊拉法官引用了拉科夫对 Terraform 的分析，该分析也驳回了托雷斯的分析。

SEC Chair Gary Gensler's hardline stance on cryptocurrencies, including Ethereum (ETH), further exacerbates concerns about the potential overturning of Torres's ruling. Gasparino believes that Gensler's determination to regulate the industry could lead to a direct challenge to Torres's ruling in the appellate division.

SEC 主席加里·詹斯勒 (Gary Gensler) 对以太坊 (ETH) 等加密货币的强硬立场进一步加剧了人们对托雷斯裁决可能被推翻的担忧。加斯帕里诺认为，詹斯勒监管该行业的决心可能会对托雷斯在上诉庭的裁决构成直接挑战。

However, the XRP community has responded with skepticism to the narrative drawn from the Coinbase ruling. Jesse Hynes, a lawyer and XRP supporter, criticized the oversimplified interpretation of the legal nuances involved.

然而，XRP 社区对 Coinbase 裁决的叙述表示怀疑。律师兼 XRP 支持者杰西·海因斯 (Jesse Hynes) 批评对所涉及的法律细微差别的过于简单化的解释。

Bill Morgan, another pro-XRP lawyer, directly challenged Gasparino's claims, requesting specific references to support the assertions of judicial skepticism.

另一位支持 XRP 的律师比尔·摩根 (Bill Morgan) 直接对加斯帕里诺的主张提出质疑，要求提供具体参考资料来支持司法怀疑的主张。

"To assist your readers, please point out the references in any decision of these two judges in which they 'scoff' at arguments based on the decision in SEC v Ripple," Morgan stated. "You are surely not talking about two motions to dismiss given the nature of such motions compared to a summary judgment decision."

摩根表示：“为了帮助读者，请指出这两位法官在任何判决中‘嘲笑’基于 SEC 诉 Ripple 判决的论点的参考文献。” “考虑到与简易判决决定相比的动议的性质，你肯定不是在谈论两项驳回动议。”

As of press time, XRP was trading at $0.61234, reflecting the uncertainty surrounding the legal battle. The outcome of Ripple's case will have significant implications for the cryptocurrency industry, potentially shaping the regulatory landscape for digital assets.

截至发稿时，XRP 的交易价格为 0.61234 美元，反映出围绕法律纠纷的不确定性。 Ripple 案件的结果将对加密货币行业产生重大影响，可能会影响数字资产的监管格局。