“ Ripple撤回其交叉上诉”

“随着加密货币公司在SEC案中撤回了其交叉竞争，Ripple与美国证券交易委员会的法律斗争已经达到最后阶段。”

Since the SEC legal battle against Coinbase was settled, there have been speculations that the legal battle between the SEC and Ripple might also be settled soon.

由于SEC与Coinbase的法律斗争已经解决，因此有人猜测，SEC和Ripple之间的法律斗争也可能很快解决。

Now, Ripple CEO Brad Garlinghouse’s announcement about his company’s decision to withdraw its cross-appeal in the ongoing case with the SEC confirms that the legal battle has reached its final stage.

现在，Ripple首席执行官布拉德·加林豪斯（Brad Garlinghouse）宣布他公司决定在与SEC持续的案件中撤回其交叉诉讼的决定确认，法律斗争已达到最后阶段。

The SEC, through Judge Analisa Torres, had secured an injunction against Ripple, restricting the company from selling XRP tokens to institutional players directly.

SEC通过Analisa Torres法官对Ripple颁布了禁令，将公司直接限制在将XRP代币出售给机构参与者中。

The ruling by Judge Analisa Torres in the US District Court in the Southern District of New York determined that during the period from 2013 to 2019, portions of Ripple’s institutional sales constituted an unregistered securities offering. However, the judge decided that the crypto company’s sales of XRP through programmable contracts were not deemed to be investment contracts.

Analisa Torres法官在纽约南部地区的美国地方法院的裁决确定，在2013年至2019年期间，Ripple机构销售的一部分构成了未注册的证券产品。但是，法官认为，加密公司通过可编程合同的XRP销售不被视为投资合同。

The SEC had instituted an action against Ripple in December 2020, alleging that the crypto company sold XRP without registering its offerings as required by federal securities laws.

SEC在2020年12月对Ripple提起诉讼，声称该加密货币公司在未根据联邦证券法律要求的情况下出售了XRP。

After a three-year legal battle, Judge Torres ruled in April that portions of Ripple’s institutional sales fell under the ambit of investment contracts, which are subject to registration with the SEC. However, the judge determined that the crypto company’s sales of XRP through programmable contracts were not deemed to be investment contracts.

经过为期三年的法律斗争，托雷斯法官在4月裁定，波纹机构销售的一部分属于投资合同的范围，这些合同需要在SEC进行注册。但是，法官认为，加密公司通过可编程合同的XRP销售并不是投资合同。

Following this ruling, the SEC applied for a summary judgment, which was granted by Judge Torres.

根据这项裁决，SEC申请了简易判决，该判决是由托雷斯法官批准的。

After the summary judgment was made, both the SEC and Ripple applied for an appeal against Judge Analisa Torres’s ruling.

在做出简易判决之后，SEC和Ripple都申请了对Analisa Torres法官的裁决的上诉。

Now, Garlinghouse has announced that the crypto company is withdrawing its cross-appeal, rendering the SEC’s appeal the final stage of this legal battle.

现在，加林豪斯（Garlinghouse）宣布，加密货币公司将撤回其交叉上诉，使SEC的上诉成为这场法律斗争的最后阶段。

If the SEC requests the court to cancel the injunction against Ripple and the request is granted, the crypto company will be able to commence institutional sales again.

如果SEC要求法院取消针对Ripple的禁令并批准该请求，则加密货币公司将能够再次开始机构销售。

After Judge Analisa Torres ruled in April that portions of Ripple’s institutional sales fell under the ambit of investment contracts, the SEC applied for a summary judgment, which was granted by Judge Torres.

在4月，Analisa Torres法官裁定，Ripple机构销售的一部分属于投资合同的范围之后，SEC申请了简易判决，这是由Torres法官批准的。

After the summary judgment was made, both the SEC and Ripple applied for an appeal against Judge Analisa Torres’s ruling.

在做出简易判决之后，SEC和Ripple都申请了对Analisa Torres法官的裁决的上诉。

Now, Garlinghouse has announced that the crypto company is withdrawing its cross-appeal, rendering the SEC’s appeal the final stage of this legal battle.

现在，加林豪斯（Garlinghouse）宣布，加密货币公司将撤回其交叉上诉，使SEC的上诉成为这场法律斗争的最后阶段。

If the SEC requests the court to cancel the injunction against Ripple and the request is granted, the crypto company will be able to commence institutional sales again.

如果SEC要求法院取消针对Ripple的禁令并批准该请求，则加密货币公司将能够再次开始机构销售。

According to Rispoli, the injunction, which was secured by the SEC and placed on Ripple, has affected the crypto company severely.

根据里斯波里（Rispoli）的说法，由SEC确保并放在波纹上的禁令严重影响了加密货币公司。

The ruling by Judge Analisa Torres in the US District Court in the Southern District of New York determined that during the period from 2013 to 2019, portions of Ripple’s institutional sales constituted an unregistered securities offering. However, the judge decided that the crypto company’s sales of XRP through programmable contracts were not deemed to be investment contracts.

Analisa Torres法官在纽约南部地区的美国地方法院的裁决确定，在2013年至2019年期间，Ripple机构销售的一部分构成了未注册的证券产品。但是，法官认为，加密公司通过可编程合同的XRP销售不被视为投资合同。

The SEC had instituted an action against Ripple in December 2020, alleging that the crypto company sold XRP without registering its offerings as required by federal securities laws.

SEC在2020年12月对Ripple提起诉讼，声称该加密货币公司在未根据联邦证券法律要求的情况下出售了XRP。

After a three-year legal battle, Judge Torres ruled in April that portions of Ripple’s institutional sales fell under the ambit of investment contracts, which are subject to registration with the SEC. However, the judge determined that the crypto company’s sales of XRP through programmable contracts were not deemed to be investment contracts.

经过为期三年的法律斗争，托雷斯法官在4月裁定，波纹机构销售的一部分属于投资合同的范围，这些合同需要在SEC进行注册。但是，法官认为，加密公司通过可编程合同的XRP销售并不是投资合同。

According to Rispoli, the injunction, which was secured by the SEC and placed on Ripple, has affected the crypto company severely.

根据里斯波里（Rispoli）的说法，由SEC确保并放在波纹上的禁令严重影响了加密货币公司。