Ripple已向美国SEC加密委员会提交了正式回应

意见：Ripple已向美国SEC加密委员会工作组提出了正式回应，敦促该机构澄清其数字资产法规的方法。

In a significant development, Ripple has submitted a response to the U.S. SEC Crypto Task Force, urging the agency to clarify its approach to digital asset regulation.

在一个重大发展中，Ripple提出了对美国SEC Crypto工作队的回应，敦促该机构澄清其数字资产法规的方法。

The response, addressed to Commissioner Hester Peirce, criticizes the SEC’s past leadership for creating confusion and calls for a return to straightforward, lawful guidance.

对赫斯特·皮尔斯（Hester Peirce）专员的回应，批评了SEC过去的领导层，以造成混乱，并呼吁重返直接，合法的指导。

Stuart Alderoty, Ripple’s Chief Legal Officer, shared the document on X, emphasizing the need for regulatory relief. He referenced the Bob Dylan lyric, “There’s too much confusion, I can’t get no relief,” arguing that the previous SEC administration used this uncertainty to justify enforcement actions against crypto companies.

Ripple的首席法律官Stuart Alderoty在X上分享了该文件，强调了对监管救济的需求。他提到了鲍勃·迪伦（Bob Dylan）的抒情诗《太多的混乱》，我不会得到宽慰。”他认为，以前的美国证券交易委员会（SEC）政府使用这种不确定性来证明针对加密货币公司的执法行动是合理的。

Ripple’s Core Arguments Against the SEC’s Approach

Ripple反对SEC方法的核心论点

In its response, Ripple asserts that the SEC oversteps its authority over most digital assets, arguing they don’t meet the legal definition of securities.

Ripple在其回应中断言，SEC超过了大多数数字资产的权力，认为它们不符合证券的法律定义。

The company maintains that it is Congress, not the SEC, that should establish rules for the crypto market.

该公司坚持认为，应该为加密货币市场制定规则是国会，而不是SEC。

The response strongly urges the SEC to offer clear and straightforward guidance rather than continue its “regulation by enforcement” approach.

该反应强烈敦促SEC提供明确，直接的指导，而不是继续其“通过执法监管”的方法。

Negative Market Impact of SEC Enforcement Actions

SEC执法行动的负面市场影响

Ripple also highlights the negative market impact of SEC enforcement actions. It points to the 2020 lawsuit against Ripple, which led to a 70% drop in XRP’s price, wiping out $15 billion in market value.

Ripple还强调了SEC执法行动的负面影响。它指出了针对Ripple的2020年诉讼，这导致XRP的价格下跌了70％，消除了150亿美元的市场价值。

Following the lawsuit, many cryptocurrency exchanges delisted XRP, restricting access for U.S. investors. Ripple notes that similar price declines occurred with Solana, Cardano, and Polygon after the SEC took action against major crypto exchanges.

在诉讼之后，许多加密货币交换都使XRP脱颖而出，从而限制了美国投资者的访问权限。 Ripple指出，SEC对主要加密交易所采取了行动后，Solana，Cardano和Polygon发生了类似的价格下跌。

Related: Ripple’s SEC Victory: Appeal Dropped, But Is SEC Silence Officially Over?

相关：Ripple的SEC胜利：上诉下降，但SEC沉默是否正式结束了？

Use the Original Howey Test to Define Securities

使用原始的Howey测试来定义证券

Ripple’s letter implores the SEC to use the original Howey Test to define securities. This test requires an investment contract where profits are clearly expected to come from the efforts of a central party.

Ripple的信恳请SEC使用原始的Howey测试来定义证券。该测试需要一份投资合同，其中明显预计利润将来自中央党的努力。

Ripple argues that many digital assets, including XRP, do not fit this definition.

Ripple认为，包括XRP在内的许多数字资产不符合此定义。

The letter also tackles the issue of staking and yield-generating crypto services. Ripple contends that returns generated by blockchain protocols should not be classified as securities, as these returns don’t involve a central issuer making specific investment promises.

这封信还解决了积分和产生产生的加密服务的问题。 Ripple认为，由区块链协议产生的回报不应归类为证券，因为这些回报不涉及中央发行人做出具体投资承诺。

Introduce Safe Harbors and Regulatory Sandboxes

引入安全的港口和监管沙箱

Ripple supports Commissioner Peirce’s Safe Harbor proposal, which would give blockchain projects a grace period to develop and become more decentralized before facing the full weight of securities laws.

Ripple支持Peirce专员的Safe Harbour提案，该建议将为区块链项目提供一个宽限期，在面对证券法的全部重量之前，以发展并变得更加分散。

The company also advocates for regulatory sandboxes—controlled environments where crypto firms can test innovations under limited oversight. Ripple points to countries like the UK, EU, and Singapore who have successfully implemented similar frameworks.

该公司还倡导监管沙盒 - 控制环境，加密公司可以在有限的监督下测试创新。 Ripple指向成功实施类似框架的英国，欧盟和新加坡等国家。

Related: Swift and Ripple in the News: Did a Premature Announcement Cause a ‘Hack’ Claim?

相关：新闻中的Swift and Ripple：过早的公告是否引起了“黑客”主张？

Notably, Ripple plans to submit further responses to the SEC, particularly on custody-related issues. The company continues to push for legislative action, arguing that clear rules from Congress are the best path forward for the crypto industry.

值得注意的是，Ripple计划向SEC提交进一步的回应，特别是在与监护相关的问题上。该公司继续推动立法行动，认为国会明确的规则是加密货币行业的最佳途径。