标题：SEC撤销上诉后，XRP价格上涨了12％

3月19日，星期三，XRP价格记录了12％的贸易涨幅，为2.5美元。这是布拉德·加林豪斯（Brad Garlinghouse）宣布美国首席执行官Ripple首席执行官的提升

The U.S. Securities and Exchange Commission has dropped its appeal in the case against blockchain company Ripple over XRP sales, reports Bloomberg.

据彭博社报道，美国证券交易委员会已在XRP销售上对区块链公司Ripple的案件提出上诉。

The news was announced by Ripple CEO, Brad Garlinghouse, who described it as a victory for the company, the cryptocurrency industry, and the broader market.

Ripple首席执行官Brad Garlinghouse宣布了这一消息，他将其描述为公司，加密货币行业和更广泛的市场的胜利。

The agency had sued Ripple in December 2020, claiming that the company sold XRP as an unregistered security and raised over $1.3 billion from investors. A judge ruled in July that the SEC’s claims were partially successful.

该机构在2020年12月起起诉Ripple，声称该公司以未注册的安全性出售了XRP，并从投资者那里筹集了超过13亿美元。法官在7月裁定SEC的主张部分成功。

The court ruled that XRP is not a security in retail transactions but found that the SEC’s actions were not "arbitrary, capricious, an abuse of discretion, or otherwise unlawful.”

法院裁定，XRP不是零售交易中的安全性，而是发现SEC的行动不是“任意，反复无常，滥用酌处权或其他非法”的行为。

The judge also imposed a $125 million fine on Ripple and banned institutional sales of XRP in 2024. The SEC appealed this decision in early 2025.

法官还对Ripple处以1.25亿美元的罚款，并于2024年禁止XRP的机构销售。

However, in a surprising turn of events, the agency has now decided to drop the appeal, signaling that the case may finally be coming to an end.

但是，在一个令人惊讶的事件中，该机构现在决定放弃上诉，表明该案可能最终即将结束。

This move should clear legal uncertainty around Ripple attracting demand pressure from institutional and retail investors.

这一举动应清除涟漪周围的法律不确定性，以吸引机构和散户投资者的需求压力。

Is The Legal Battle Between Ripple And Sec Really Over?

Ripple和SEC之间的法律斗争真的结束了吗？

According to a recent report by Blockավيس, the SEC has agreed to drop the appeal regarding the programmatic/secondary market sales but Ripple has not yet agreed to abandon its appeal against the $125 million fine and the ongoing injunction that restricts the company from selling $XRP to institutional investors without registering those sales as securities.

根据Blockավավ最近的一份报告，SEC已同意放弃有关计划/二级市场销售额的上诉，但Ripple尚未同意放弃对1.25亿美元罚款的上诉，并且持续的禁令将公司限制在不向机构投资者出售给机构投资者而不注册这些证券的机构投资者。

So the ball is now in Ripple’s court, as it is technically considered a plaintiff rather than a defendant. Ripple has the option to continue appealing the fine and injunction, or to drop it.

因此，该球现在在波纹的法庭上，因为从技术上讲，它被认为是原告而不是被告。 Ripple可以选择继续上诉罚款和禁令或放弃。

This adds another layer of complexity to the outcome, as the company may choose to fight against the regulatory actions on the aforementioned fronts.

这为结果增加了另一层复杂性，因为该公司可能会选择与上述方面的监管行为作斗争。