SEC 会屈服于以太坊的持久力吗？

正如 Ripple 首席执行官所预测的那样，美国证券交易委员会最终可能会屈服于以太坊的持久力。尽管存在无声的争执，但以太坊在面对法律纠纷时的韧性反映了瑞波币的部分胜利。由于 XRP 的安全分类受到质疑，以太坊在加密货币领域的实力是不可否认的。 SEC 会屈服于以太坊的权力吗？

Will the SEC Yield to Ethereum's Resilience?

SEC 会屈服于以太坊的弹性吗？

Ripple CEO Brad Garlinghouse boldly asserts that the SEC's pursuit of Ethereum will end in defeat, mirroring Ripple's partial victory in the XRP case.

Ripple首席执行官布拉德·加林豪斯（Brad Garlinghouse）大胆断言，SEC对以太坊的追捕将以失败告终，这与Ripple在XRP案中取得部分胜利相呼应。

SEC's Silent Feud with Ethereum

SEC 与以太坊的无声争斗

Garlinghouse draws parallels between the SEC's silent feud with Ethereum and its legal battle against Ripple, which centered on the classification of XRP as a security. After three years of litigation, Ripple emerged partially victorious, with Judge Torres ruling that XRP was not a security when sold on exchanges but violated securities laws in institutional sales.

加林豪斯将 SEC 与以太坊的无声争执与针对 Ripple 的法律斗争进行了类比，后者的重点是将 XRP 归类为证券。经过三年的诉讼，Ripple 取得了部分胜利，托雷斯法官裁定 XRP 在交易所出售时不是证券，但在机构销售中违反了证券法。

Precedent Set for Ethereum

以太坊开创先例

Garlinghouse argues that Ripple's win sets a precedent for similar cases like Ethereum's, questioning the SEC's tenacity in pursuing such cases.

加林豪斯认为，Ripple 的胜诉为以太坊等类似案件开创了先例，质疑 SEC 追查此类案件的毅力。

Coinbase CLO: Ethereum is a Commodity, Not a Security

Coinbase CLO：以太坊是一种商品，而不是一种证券

Coinbase Chief Legal Officer Paul Grewal weighs in, citing past statements from SEC officials, including Chair Gensler, that Ethereum is a commodity, not a security. Grewal believes this position should pave the way for a spot Ether ETF.

Coinbase 首席法务官 Paul Grewal 发表了看法，他引用了 SEC 官员（包括主席 Gensler）过去的声明，称以太坊是一种商品，而不是一种证券。 Grewal 认为，这一立场应该为现货以太 ETF 铺平道路。

CFTC vs. SEC: A Tale of Two Commissions

CFTC 与 SEC：两个委员会的故事

Grewal highlights the contrasting views of the CFTC and SEC on Ethereum's classification. CFTC Chair Rostin Behnam has deemed Ethereum a commodity, while Gensler has not. This divergence creates a significant hurdle for the SEC in its consideration of a spot Ether ETF.

Grewal 强调了 CFTC 和 SEC 对以太坊分类的不同看法。 CFTC 主席 Rostin Behnam 认为以太坊是一种商品，而 Gensler 则不然。这种分歧给 SEC 考虑以太坊 ETF 现货带来了重大障碍。

SEC's Lack of Justification for Denial

SEC 缺乏拒绝的理由

Grewal argues that the SEC lacks compelling reasons to deny spot Ether ETF applications. He urges the SEC to avoid inventing justifications that undermine Ethereum's established regulatory status, emphasizing that Americans deserve a fair and consistent approach to regulation.

Grewal 认为，SEC 缺乏令人信服的理由来拒绝以太坊 ETF 现货申请。他敦促美国证券交易委员会避免发明破坏以太坊既定监管地位的理由，并强调美国人应该得到公平和一致的监管方法。

Ripple's Victory: A Cautionary Tale for the SEC

Ripple 的胜利：对 SEC 的警示故事

Ripple's victory against the SEC serves as a cautionary tale for the regulator. Garlinghouse believes the SEC should learn from its mistakes and avoid pursuing similar cases that are likely to end in defeat.

Ripple 对 SEC 的胜利对监管机构来说是一个警示。加林豪斯认为，美国证券交易委员会应该从错误中吸取教训，避免追究可能以失败告终的类似案件。

ETH Misinformation: A Call for Clarity

ETH 错误信息：呼吁澄清

Grewal decries the spread of misinformation surrounding Ethereum's classification. He urges the SEC to provide clear guidance to avoid confusion and ensure a transparent and predictable regulatory environment for digital assets.

格鲁瓦尔谴责围绕以太坊分类的错误信息的传播。他敦促美国证券交易委员会提供明确的指导，以避免混乱，并确保数字资产的透明和可预测的监管环境。

Time for a Paradigm Shift

是时候进行范式转变了

The SEC's current approach to digital asset regulation is outdated and inadequate. As the industry evolves, the SEC must adapt and embrace a more nuanced and flexible approach that recognizes the unique characteristics of digital assets and fosters innovation while protecting investors.

SEC 目前的数字资产监管方法已经过时且不充分。随着行业的发展，美国证券交易委员会必须适应并采用更加细致和灵活的方法，认识到数字资产的独特特征，并在保护投资者的同时促进创新。