Ripple猛烈抨击SEC的“过高”罚款，指责该机构“沙袋”

Ripple Labs 强烈反对美国证券交易委员会 (SEC) 针对 XRP 销售提出的 20 亿美元巨额罚款，称其过度且不成比例。 Ripple 辩称，SEC 将 XRP 归类为证券是有缺陷的，其处罚要求“没有法律或原则依据”。该公司提出了一项动议，要求删除 SEC 的专家证人材料，指控其在发现过程中隐瞒信息，从而采取“沙袋”策略。尽管 SEC 要求迅速做出裁决，Ripple 仍认为此案应继续审理，预计将于 4 月做出最终判决。这场争端点燃了加密货币社区的情绪，主要参与者纷纷介入，XRP 价格因对结果的预期而飙升。

Ripple Rebuts SEC's Exorbitant Fine Proposal, Accuses Regulator of 'Sandbagging'

Ripple反驳SEC的过高罚款提议，指责监管机构“沙袋”

In a scathing indictment of the Securities and Exchange Commission's (SEC) recent fine proposal, Ripple Labs has fired back, calling it "more evidence of the administrative overreach that has beset this case." The SEC's requested $2 billion penalty, encompassing disgorgement, pre-judgment interest, and a civil penalty, has been met with vehement opposition from Ripple, which argues that the fine is "ungrounded in law or principle" and "wholly out of proportion to any violation that Ripple may have committed."

Ripple Labs 在对美国证券交易委员会 (SEC) 最近的罚款提议的严厉起诉中进行了反击，称其为“困扰此案的行政越权行为的更多证据”。 SEC 要求的 20 亿美元罚款，包括没收非法所得、判决前利息和民事处罚，遭到了 Ripple 的强烈反对，Ripple 认为这一罚款“没有法律或原则依据”，并且“与任何处罚完全不相称”。 Ripple 可能犯下的违规行为。”

Central to the dispute is the classification of XRP, Ripple's native token. The SEC alleges that XRP constitutes a security, a designation that would subject it to registration requirements under federal securities laws. Ripple vehemently disagrees, maintaining that XRP is a utility token used for facilitating cross-border payments and, therefore, beyond the SEC's regulatory purview.

争议的核心是 Ripple 原生代币 XRP 的分类。美国证券交易委员会声称 XRP 构成一种证券，这一名称将使其遵守联邦证券法的注册要求。 Ripple 强烈反对，坚称 XRP 是一种用于促进跨境支付的实用代币，因此超出了 SEC 的监管权限。

Ripple contends that its sales of XRP largely occurred outside the United States and did not involve U.S. investors. Moreover, the company emphasizes that it has taken proactive steps to modify its sales practices and ensure that its counterparties qualify as accredited investors. In Ripple's view, the SEC's "draconian remedial requests" are "ungrounded in law or principle" and should be rejected in their entirety.

Ripple 声称其 XRP 销售主要发生在美国境外，不涉及美国投资者。此外，该公司强调，它已采取积极措施修改其销售做法，并确保其交易对手有资格成为合格投资者。 Ripple 认为，SEC 的“严厉补救要求”“没有法律或原则依据”，应该被完全拒绝。

Adding further fuel to the fire, Ripple has also accused the SEC of "sandbagging," a tactic in which a party withholds information until a strategic moment to gain an advantage. Specifically, Ripple alleges that the SEC belatedly submitted expert witness materials supporting its fine request and failed to disclose them during the discovery phase. This late disclosure, Ripple argues, constitutes a violation of the Federal Rule of Civil Procedure and has prejudiced Ripple's ability to fully prepare its defense.

火上浇油的是，Ripple 还指责 SEC 采取“沙袋”策略，即一方隐瞒信息，直到获得优势的战略时刻。具体来说，Ripple 声称 SEC 迟迟提交了支持其罚款请求的专家证人材料，并且在发现阶段未能披露这些材料。 Ripple 认为，这种迟到的披露违反了联邦民事诉讼规则，并损害了 Ripple 充分准备辩护的能力。

Amidst this legal wrangling, XRP has experienced a surge in value in recent days, with analysts predicting further growth following the upcoming Bitcoin halving. The bullish sentiment surrounding XRP may be a reflection of investors' confidence in Ripple's ability to successfully navigate the SEC's regulatory challenges.

在这场法律纠纷中，XRP 的价值最近几天经历了飙升，分析师预测在即将到来的比特币减半后将进一步增长。围绕 XRP 的看涨情绪可能反映了投资者对 Ripple 成功应对 SEC 监管挑战的能力的信心。

The timeline of significant events in the Ripple-SEC case includes:

Ripple-SEC 案件中重大事件的时间表包括：

• December 21, 2020: SEC files lawsuit against Ripple Labs, CEO Brad Garlinghouse, and Co-Founder Chris Larsen.
• March 3, 2021: XRP holders led by John E. Deaton contest the SEC's lawsuit, arguing that XRP is not a security.
• March 22, 2021: Judge Netburn distinguishes XRP from BTC and ETH in terms of currency value and utility.
• August 31, 2021: Ripple files a motion requesting the SEC disclose its internal crypto trading policies.
• September 17, 2022: Both the SEC and Ripple file motions for summary judgment.
• November 7, 2022: The LBRY blockchain loses a similar case against the SEC, resulting in a decline in XRP's value.
• November 30, 2022: SEC and Ripple submit final submissions to the summary judgment motions.
• January 2023: Multiple organizations, including Coinbase, submit amicus briefs in support of Ripple.
• March 3, 2023: Ripple files a Supreme Court letter to Judge Torres.
• March 6, 2023: Judge Torres excludes expert testimony from the summary judgment process.
• April 16, 2023: John E. Deaton shares a video of Tim Draper and Gary Gensler discussing potential lawsuits and the influence on financial regulators.
• April 18, 2023: SEC Chair Gary Gensler testifies at a congressional hearing without revealing whether ether was considered a security.
• April 22, 2024: Ripple files its opposition to the SEC's fine request and a motion to strike expert testimonies due to "sandbagging."

The SEC's lawsuit against Ripple, one of the most prominent legal battles in the cryptocurrency industry, has far-reaching implications for the regulation of digital assets. The outcome of the case has the potential to shape the regulatory landscape for years to come, with broader implications for the development and adoption of cryptocurrency and blockchain technology.

2020 年 12 月 21 日：SEC 对 Ripple Labs、首席执行官 Brad Garlinghouse 和联合创始人 Chris Larsen 提起诉讼。2021 年 3 月 3 日：以 John E. Deaton 为首的 XRP 持有者对 SEC 的诉讼提出异议，认为 XRP 不是证券。 2021 年 2 月 22 日：Netburn 法官在货币价值和实用性方面将 XRP 与 BTC 和 ETH 区分开来。2021 年 8 月 31 日：Ripple 提交动议，要求 SEC 披露其内部加密货币交易政策。2022 年 9 月 17 日：SEC 和 Ripple 均提交文件简易判决动议。2022 年 11 月 7 日：LBRY 区块链在针对 SEC 的类似诉讼中败诉，导致 XRP 价值下跌。2022 年 11 月 30 日：SEC 和 Ripple 提交简易判决动议的最终意见。2023 年 1 月：多个包括 Coinbase 在内的组织提交了支持 Ripple 的非当事人意见陈述。2023 年 3 月 3 日：Ripple 向托雷斯法官提交了一封最高法院信函。2023 年 3 月 6 日：托雷斯法官将专家证词排除在简易判决程序之外。2023 年 4 月 16 日：约翰E. Deaton 分享了 Tim Draper 和 Gary Gensler 讨论潜在诉讼以及对金融监管机构的影响的视频。 2023 年 4 月 18 日：SEC 主席 Gary Gensler 在国会听证会上作证，但未透露以太坊是否被视为证券。 2024 年 4 月 22 日： Ripple 提出反对 SEC 的罚款要求，并以“沙袋”为由提出了驳回专家证词的动议。SEC 对 Ripple 的诉讼是加密货币行业最著名的法律诉讼之一，对数字货币监管具有深远影响。资产。该案的结果有可能塑造未来几年的监管格局，对加密货币和区块链技术的开发和采用产生更广泛的影响。