波纹抬起戴马克勒斯的剑：一场长期的法律斗争的终结

SEC指控Ripple将XRP作为未注册的安全性出售，这一指控自2020年12月以来对加密生态系统进行了权衡。

The tug of war between Ripple and the SEC over the past four years has plunged the crypto market into growing uncertainty. As a result, investors remain skeptical, while XRP is facing increasing pressure on its legitimacy. But in a surprising turn of events, the apex court has dropped its lawsuits, marking a historic win for Ripple and could have decisive implications for its native token.

在过去的四年中，Ripple与SEC之间的战争拖船使加密货币市场陷入了不确定性的越来越大。结果，投资者仍然持怀疑态度，而XRP面临着对其合法性的压力越来越大。但是，令人惊讶的是，最高法院已经放弃了诉讼，标志着Ripple的历史性胜利，并可能对其本土代币产生决定性的影响。

The legal battle: A decisive turning point

法律战：决定性的转折点

The SEC's accusations against Ripple span four years and have deeply affected the crypto ecosystem. The apex court is now rolling back its claims that XRP is an unregistered security.

SEC对Ripple的指控跨越四年，并深深地影响了加密生态系统。最高法院现在正在撤消其XRP是未注册的安全性的说法。

A major turning point came in July with a federal judge's ruling that XRP cannot be considered a security in the majority of transactions, a setback for the SEC.

一个重大的转折点是7月，联邦法官裁定XRP不能被视为大多数交易中的安全性，这是SEC的挫折。

This decision puts the apex court in a difficult position as it is running out of time and options to continue the lawsuit. Finally, the SEC chose to definitively end the trial.

这一决定使最高法院处于困难状态，因为它没有时间和继续诉讼的选择。最后，SEC选择明确结束审判。

Announcing "the case is over", Brad Garlinghouse, CEO of Ripple, highlights a decisive victory for the company and a new chapter for its token.

Ripple首席执行官布拉德·加林豪斯（Brad Garlinghouse）宣布“案件已经结束”，重点介绍了该公司的决定性胜利，并为其代币提供了新的篇章。

The legal battle between the apex court and the crypto behemoth has come to an end, but its consequences are far-reaching and could reshape the crypto landscape.

最高法院与加密省庞然大物之间的法律斗争已经结束，但其后果是深远的，可以重塑加密货币景观。

Could such a surge help XRP compete with Ethereum?

这样的激增可以帮助XRP与以太坊竞争吗？

While some anticipate a scenario where XRP rivals Ethereum, the reality of the market calls for caution.

尽管有些人期待XRP与以太坊相匹配的场景，但市场的现实需要谨慎。

As Sid Powell, CEO of Maple Finance, points out, this legal win stabilizes the regulatory future of the token, but the real battle is fought elsewhere. Indeed, Ethereum massively dominates decentralized finance (DeFi) with a Total Value Locked (TVL) of $114 billion, while XRP is still struggling to establish itself in this realm.

正如Maple Finance的首席执行官Sid Powell指出的那样，这项法律胜利稳定了代币的监管未来，但真正的战斗是在其他地方进行的。的确，以太坊以总价值锁定（TVL）为1,140亿美元，大规模占主导地位，而XRP仍在努力建立自己的领域。

The power of Ethereum lies in its solid ecosystem, which hosts smart contracts, decentralized applications, and advanced staking solutions, while Ripple remains primarily focused on cross-border payments.

以太坊的力量在于其坚实的生态系统，该生态系统拥有智能合约，分散的应用程序和先进的Staking解决方案，而Ripple仍主要集中在跨境支付上。

Nevertheless, XRP has strategic advantages. Its On-Demand Liquidity (ODL) service recorded $30 billion in transactions in 2023 and continues to attract major partnerships, notably with Standard Chartered Bank and MoneyGram.

然而，XRP具有战略优势。它的按需流动性（ODL）服务在2023年记录了300亿美元的交易，并继续吸引主要的合作伙伴关系，特别是与标准的特许银行和Moneygram。

“This decision could restore confidence among investors and institutions, boosting Ripple’s adoption,” says Ryan Lee, analyst at Bitget Research. However, to truly worry Ethereum, XRP will need to broaden its scope beyond payments and delve deeper into DeFi and smart contracts.

Bitget Research分析师Ryan Lee说：“这一决定可以恢复投资者和机构之间的信心，从而提高Ripple的采用。”但是，为了真正担心以太坊，XRP将需要扩大其范围之外的范围，并更深入地研究Defi和智能合约。

The end of the conflict between Ripple and the SEC marks a regulatory victory for the entire crypto ecosystem, reinforcing the legitimacy of these assets in the eyes of authorities. However, the possibility that XRP dethrones Ethereum remains highly hypothetical, unless there is massive adoption by financial institutions and a strategic shift towards DeFi.

Ripple与SEC之间的冲突的终结标志着整个加密生态系统的监管胜利，在当局眼中加强了这些资产的合法性。但是，除非金融机构大量采用并向Defi迈出了大量的采用，否则XRP撤销以太坊的可能性仍然是高度假设的。

Nevertheless, this decision offers Ripple a unique opportunity: to redefine its positioning and leverage this new climate of trust to accelerate its development.

然而，这个决定为波纹提供了一个独特的机会：重新定义其定位并利用这种新的信任氛围来加速其发展。