随着法院设定新的截止日期，Ripple 诉 SEC 案件出现决定性转变

随着 Ripple 与美国证券交易委员会持续的法律僵局加剧，新设定的法庭截止日期可能标志着一个转折点。

The U.S. Court of Appeals for the Second Circuit has set a new deadline in the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) over XRP sales. According to a recent court order, the SEC is now mandated to submit its opening appeal brief against Ripple Labs by January 15, 2025.

美国第二巡回上诉法院为 Ripple Labs 与美国证券交易委员会 (SEC) 就 XRP 销售正在进行的法律斗争设定了新的最后期限。根据最近的一项法院命令，SEC 现在必须在 2025 年 1 月 15 日之前提交针对 Ripple Labs 的开庭上诉摘要。

This development marks a significant turning point in the case, which has kept XRP in the regulatory crosshairs since 2020. The SEC had filed an appeal in March 2023, following a partial win for Ripple in the lower court.

这一事态发展标志着该案的一个重大转折点，自 2020 年以来，XRP 一直成为监管的焦点。在 Ripple 在下级法院部分获胜后，美国证券交易委员会 (SEC) 于 2023 年 3 月提起上诉。

The SEC's initial suit, filed in December 2020, alleged that XRP sales by Ripple constituted unregistered securities offerings. While Judge Analisa Torres ruled in 2023 that retail XRP sales didn't qualify as investment contracts, she посчитано, that XRP's institutional sales were a violation and imposed a $125 million fine on Ripple.

美国证券交易委员会于 2020 年 12 月提起的初步诉讼称，Ripple 销售的 XRP 构成未经注册的证券发行。尽管法官 Analisa Torres 在 2023 年裁定零售 XRP 销售不符合投资合同的资格，但她表示 XRP 的机构销售属于违规行为，并对 Ripple 处以 1.25 亿美元的罚款。

Now, the SEC is aiming to overturn parts of Judge Torres' ruling by appealing the decision. In response, Ripple filed a cross-appeal challenging the decision on “investment contracts,” bringing the 1933 Securities Act into the spotlight.

现在，美国证券交易委员会的目标是通过上诉来推翻托雷斯法官的部分裁决。作为回应，Ripple 提出交叉上诉，质疑有关“投资合同”的决定，使 1933 年《证券法》成为人们关注的焦点。

The Second Circuit Court of Appeals has entered an Order that the @SECGov’s brief must be filed on or before January 15, 2025.

第二巡回上诉法院已下达命令，要求 @SECGov 的摘要必须在 2025 年 1 月 15 日或之前提交。

This follows the SEC filing a Notice of Appeal on March 15, 2023.

在此之前，SEC 于 2023 年 3 月 15 日提交了上诉通知。

Ripple filed a cross-appeal on March 24.https://t.co/E3TE5tBDAy

Ripple于3月24日提出交叉上诉。https://t.co/E3TE5tBDAy

Ripple's legal team contends that an investment contract requires a binding agreement with post-sale commitments, a standard they believe doesn't apply to XRP. Ripple has also invoked a “fair notice” defense, arguing that regulatory guidance on crypto remains murky at best.

Ripple 的法律团队认为，投资合同需要与售后承诺达成具有约束力的协议，他们认为这一标准不适用于 XRP。 Ripple 还援引了“公平通知”辩护，认为加密货币的监管指导充其量仍然是模糊的。

This legal battle has had a major impact on XRP's market performance, with whales selling off and prices hovering around $0.5188 at the time of writing, according to CoinMarketCap. Experts believe this case could set a precedent for the regulatory stance on other altcoins, leading to renewed debates on crypto's future.

据 CoinMarketCap 称，这场法律纠纷对 XRP 的市场表现产生了重大影响，在撰写本文时，鲸鱼纷纷抛售，价格徘徊在 0.5188 美元左右。专家认为，此案可能为其他山寨币的监管立场开创先例，从而引发关于加密货币未来的新辩论。

Adding to the tension, Coinbase CEO Brian Armstrong recently criticized the SEC's approach, suggesting the next chairperson should drop “frivolous cases” to rebuild trust.

雪上加霜的是，Coinbase 首席执行官布莱恩·阿姆斯特朗 (Brian Armstrong) 最近批评了 SEC 的做法，建议下一任主席应该放弃“无聊的案件”以重建信任。

For the crypto community, the SEC's ongoing appeal risks extending Ripple's legal battle into 2025 and beyond, a move that has sparked frustration among XRP supporters.

对于加密社区来说，SEC 的持续上诉有可能将 Ripple 的法律战延长至 2025 年及以后，此举引发了 XRP 支持者的不满。

Legal analyst Fred Rispoli suggests the appeals process could stretch until early 2026, leaving crypto investors uncertain.

法律分析师 Fred Rispoli 表示，上诉程序可能会持续到 2026 年初，这让加密货币投资者感到不确定。