美国证券交易委员会 (SEC) 将于 1 月 23 日举行由代理主席 Mark Uyeda 主持的首次闭门会议

加密社区猜测 SEC 可能会在本次会议上讨论 Ripple 诉讼。许多人认为这次会议可能标志着进展

The U.S. Securities and Exchange Commission (SEC) will hold its first closed-door meeting under Acting Chair Mark Uyeda on Jan. 23. While the specific agenda items are confidential, the meeting is expected to include discussions on litigation claims, settlements, enforcement actions, and administrative proceedings.

美国证券交易委员会 (SEC) 将于 1 月 23 日在代理主席 Mark Uyeda 的领导下举行首次闭门会议。虽然具体议程项目保密，但预计会议将包括有关诉讼索赔、和解、执法行动的讨论和行政诉讼。

This meeting has garnered attention within the cryptocurrency community, particularly due to the SEC’s ongoing lawsuit against Ripple Labs over the sale of XRP. The meeting could potentially bring important updates or signal progress toward resolving the case. However, it's crucial to note that the SEC's closed-door meetings typically involve pre-planned decisions and may not result in immediate announcements.

这次会议引起了加密货币社区的关注，特别是由于美国证券交易委员会正在就瑞波币销售问题对 Ripple Labs 提起诉讼。这次会议可能会带来重要的最新进展或标志着解决此案的进展。然而，值得注意的是，美国证券交易委员会的闭门会议通常涉及预先计划的决定，并且可能不会立即发布公告。

As the meeting approaches, let's recap the key aspects of the Ripple v/s SEC case and its significance within the broader cryptocurrency regulatory landscape.

随着会议的临近，让我们回顾一下 Ripple 诉 SEC 案件的关键方面及其在更广泛的加密货币监管环境中的重要性。

The legal battle between Ripple and the SEC commenced in December 2020, during Gary Gensler’s tenure as SEC Chair. Gensler pursued an aggressive approach to crypto regulation, targeting several cryptocurrency companies for alleged violations of securities laws.

Ripple 与 SEC 之间的法律纠纷始于 2020 年 12 月，当时 Gary Gensler 担任 SEC 主席。 Gensler 对加密货币监管采取了积极的态度，针对多家涉嫌违反证券法的加密货币公司。

In the Ripple case, the SEC alleges that the company sold XRP as an unregistered security, raising over $1.3 billion from U.S. retail investors. The SEC argues that XRP sales to both retail and institutional investors should be classified as investment contracts and, therefore, subject to securities registration and disclosure requirements.

在 Ripple 案中，SEC 指控该公司将 XRP 作为未注册证券出售，从美国散户投资者那里筹集了超过 13 亿美元。 SEC 认为，向散户和机构投资者销售 XRP 的行为应被归类为投资合同，因此应遵守证券登记和披露要求。

Gensler defended this enforcement-driven approach, arguing that most cryptocurrencies, except Bitcoin, should be classified as securities. However, his actions faced significant criticism from the crypto industry. Many, including Ripple CEO Brad Garlinghouse, labeled Gensler’s strategy as “regulation by enforcement.” They argued that it stifled innovation and lacked clarity, leaving the industry in a regulatory gray area.

Gensler 为这种强制执行驱动的方法进行了辩护，认为除比特币之外的大多数加密货币都应归类为证券。然而，他的行为遭到了加密行业的严厉批评。包括 Ripple 首席执行官布拉德·加林豪斯 (Brad Garlinghouse) 在内的许多人将 Gensler 的策略称为“通过执行进行监管”。他们认为，这扼杀了创新且缺乏清晰度，使该行业处于监管灰色地带。

After Gensler's departure, Mark Uyeda took over as Acting SEC Chair. In contrast to his predecessor, Uyeda has been critical of the SEC’s heavy-handed approach to crypto regulation. Since joining the SEC in 2022, he has advocated for clearer policies and a more balanced regulatory framework.

Gensler 离职后，Mark Uyeda 接任 SEC 代理主席。与他的前任相反，乌耶达一直批评美国证券交易委员会对加密货币监管的严厉手段。自 2022 年加入 SEC 以来，他一直倡导更清晰的政策和更平衡的监管框架。

Uyeda's leadership has given Ripple supporters hope for a resolution to the lawsuit. His pro-crypto stance suggests a willingness to reconsider some of the SEC’s past actions, including its ongoing appeal in the Ripple case. This gives the Ripple community a glimmer of hope for a favourable outcome.

Uyeda 的领导给 Ripple 支持者带来了解决诉讼的希望。他支持加密货币的立场表明愿意重新考虑 SEC 过去的一些行动，包括其在 Ripple 案件中正在进行的上诉。这给 Ripple 社区带来了一线希望，希望能够取得良好的结果。

If the Ripple case is discussed during the SEC meeting on Jan. 23, it could lead to significant updates, such as a settlement or dismissal of the lawsuit. However, the appeals court process is expected to continue, and a final resolution may not be reached until late 2025.

如果 Ripple 案在 1 月 23 日的 SEC 会议上进行讨论，可能会带来重大更新，例如和解或驳回诉讼。不过，上诉法院程序预计将继续进行，最终解决方案可能要到 2025 年底才能达成。

The outcome of the Ripple v/s SEC case is being closely followed not only by XRP investors but also by the broader cryptocurrency industry. The court's decisions and regulatory clarifications could benefit other cryptocurrencies by setting a precedent for how digital assets are treated under U.S. securities laws.

Ripple 诉 SEC 案件的结果不仅受到 XRP 投资者的密切关注，也受到更广泛的加密货币行业的密切关注。法院的裁决和监管澄清可能会为美国证券法如何对待数字资产树立先例，从而使其他加密货币受益。

The lack of clear guidelines has long been a challenge for the cryptocurrency industry. Projects and investors often face uncertainty about whether a particular token is classified as a security. This ambiguity can lead to enforcement actions, deter institutional investment, and hinder innovation.

缺乏明确的指导方针长期以来一直是加密货币行业面临的挑战。项目和投资者经常面临特定代币是否被归类为证券的不确定性。这种模糊性可能会导致执法行动、阻碍机构投资并阻碍创新。

If Ripple wins the case through the appeals process, it could encourage regulators and courts to apply similar reasoning to other tokens. This would give cryptocurrencies like Solana, Litecoin and others a stronger footing in arguing their non-security status, particularly when traded on exchanges.

如果 Ripple 通过上诉程序赢得诉讼，可能会鼓励监管机构和法院将类似的推理应用于其他代币。这将为 Solana、莱特币等加密货币在争论其非安全地位方面提供更强有力的基础，特别是在交易所交易时。

Additionally, projects still in development might use the Ripple decision as a guide to avoid regulatory pitfalls. The legal battle between Ripple and the SEC is expected to continue throughout 2023, with both parties presenting their arguments before the appeals court. The final outcome of this case will have a profound impact on the future of cryptocurrency regulation in the United States.

此外，仍在开发中的项目可能会使用 Ripple 的决定作为指南，以避免监管陷阱。 Ripple 和 SEC 之间的法律斗争预计将持续到 2023 年，双方都会向上诉法院陈述自己的论点。此案的最终结果将对美国加密货币监管的未来产生深远影响。