尽管赢得了法庭之战，但XRP仍在失败

Ripple可能赢得了法庭之战，但XRP在市场上失去了阵地。 SEC放弃其吸引力应该是改变游戏规则的人

The U.S. Securities and Exchange Commission (SEC) will not appeal a court ruling that largely cleared Ripple Labs of charges of selling unregistered securities, according to a report by The Block.

根据该国的一份报告，美国证券交易委员会（SEC）将不对法院裁决上诉，该裁决在很大程度上清除了出售未注册证券的指控的波纹实验室。

The decision, which was first reported by Bloomberg, comes after the agency had previously indicated its intention to appeal.

该决定是由彭博社首先报道的，该决定是在该机构以前表示要上诉的意图之后。

The case, which began in 2020, has been closely watched by the crypto industry. It centers around XRP, a cryptocurrency created by Ripple.

该案始于2020年，已被加密货币行业密切关注。它以XRP为中心，这是Ripple创建的加密货币。

The SEC’s complaint alleged that Ripple’s $7.1 billion programmatic sale of XRP via secondary exchanges like Coinbase and Kraken over a seven-year period violated securities laws.

SEC的投诉称，Ripple通过Coinbase和Kraken等七年期间违反了证券法的二级交易所进行的71亿美元的XRP计划出售XRP。

However, U.S. District Judge Analisa Torres ruled last December that these sales were not securities transactions.

但是，美国地方法院法官Analisa Torres去年12月裁定这些销售不是证券交易。

Instead, the agency’s claim that Ripple’s direct sales of XRP to institutional investors were securities violations was sustained, leading to a $125 million payout from Ripple to settle the case.

取而代之的是，该机构的说法是，持续的XRP向机构投资者直接销售了违反证券的行为，从而从Ripple支付了1.25亿美元的款项，以解决此案。

The judge’s ruling also had implications for the potential approval of an XRP ETF.

法官的裁决也对XRP ETF的潜在批准有影响。

Experts say that the case’s resolution is crucial for the industry as it brings much-needed clarity to crypto regulation in the U.S.

专家说，该案的解决方案对行业至关重要，因为它给美国的加密监管带来了急需的清晰度

“The Ripple case progressed further than other dropped cases, such as those against Coinbase and Kraken, where the SEC declined to pursue appeals of lower court rulings that no federal securities law was broken,” said Harold Baker, a former federal judge and partner at Baker McKenzie.

贝克·麦肯齐（Baker McKenzie）的前联邦法官兼合伙人哈罗德·贝克（Harold Baker）表示：“连锁反应的案件比其他丢弃的案件，例如针对Coinbase和Kraken的案件，在那里SEC拒绝提出下级法院裁决的上诉，即没有联邦证券法被违反。”

“The fact that the agency is now forgoing an appeal in the Ripple case is noteworthy.”

“该机构现在在波纹案中提出上诉的事实值得注意。”

Despite the legal victory, XRP’s market performance has been lackluster. On-chain data from Santiment reveals a nearly 70% drop in daily active addresses on the token’s network over the past week.

尽管取得了合法的胜利，但XRP的市场表现却很乏力。来自Santiment的链链数据显示，在过去一周中，令牌网络上的每日活动地址下降了近70％。

This inactivity could be attributed to the summer lull in trading activity and coincides with an 11% price decline for the token.

这种不活动可能归因于贸易活动的夏季平息，而代币的价格下降了11％。

If traders continue to exit their positions, XRP could face further downside momentum, especially without any new utility additions or fundamental catalysts to attract buyers.output:

如果交易者继续退出职位，XRP可能会面临进一步的下行势头，尤其是没有任何新的公用事业或基本催化剂来吸引买家。

The U.S. Securities and Exchange Commission (SEC) has decided not to appeal a court ruling that largely cleared Ripple Labs of charges of selling unregistered securities, according to The Block.

该街区称，美国证券交易委员会（SEC）已决定不向法院裁决上诉，该裁决在很大程度上清除了出售未注册证券的指控。

The news outlet reported on Tuesday that the agency’s decision was confirmed by two people familiar with the matter.

该新闻媒体周二报道说，该机构的决定得到了两个熟悉此事的人的决定。

After the judge’s ruling last December, the SEC had indicated its intention to appeal.

法官去年12月裁决后，美国证券交易委员会（SEC）表示打算上诉。

However, the agency opted not to pursue this path further.

但是，该机构选择不进一步走这条路。

The case, which began in 2020, has been closely monitored by the cryptocurrency industry.

该案始于2020年，已受到加密货币行业的密切监控。

The SEC’s complaint focused on Ripple’s programmatic sale of XRP via secondary exchanges like Coinbase and Kraken, which the agency claimed violated securities laws.

SEC的投诉集中在Ripple通过Coinbase和Kraken等二次交易所进行编程XRP出售，该机构声称这违反了证券法。

Judge Analisa Torres ruled that these sales did not constitute securities transactions.

Analisa Torres法官裁定，这些销售不构成证券交易。

Instead, the court sustained the agency’s claim that Ripple’s direct sales of XRP to institutional investors were securities violations, leading to a $125 million payout from Ripple to settle the case.

取而代之的是，法院维持了该机构的说法，即波纹XRP向机构投资者的直接销售是违反证券的行为，导致从Ripple支付的1.25亿美元以解决此案。

The judge’s ruling also had implications for the possibility of an XRP ETF being approved.

法官的裁决也对获得XRP ETF的可能性有影响。

Experts have highlighted the significance of the case’s resolution for the industry as it brings much-needed clarity to crypto regulation in the U.S.

专家强调了该案对行业的解决方案的重要性，因为它给美国加密监管带来了急需的清晰度

“The Ripple case progressed further than other dropped cases, such as those against Coinbase and Kraken, where the SEC declined to pursue appeals of lower court rulings that no federal securities law was broken,” said Harold Baker, a former federal judge and partner at Baker McKenzie.

贝克·麦肯齐（Baker McKenzie）的前联邦法官兼合伙人哈罗德·贝克（Harold Baker）表示：“连锁反应的案件比其他丢弃的案件，例如针对Coinbase和Kraken的案件，在那里SEC拒绝提出下级法院裁决的上诉，即没有联邦证券法被违反。”

“The fact that the agency is now forgoing an area of appeal in the Ripple case is interesting.”

“该机构现在在波纹案中放弃上诉领域的事实很有趣。”

Despite the legal victory, XRP’s market performance has been lackluster. On-chain data from Santiment shows a steep decline in daily active addresses on the token’s network.

尽管取得了合法的胜利，但XRP的市场表现却很乏力。来自Santiment的链上数据显示，令牌网络上的日常活动地址急剧下降。

Over the past week alone, there has been nearly a 70% drop in active addresses, which could indicate lower liquidity and reduced speculative interest, potentially exacerbating the token’s recent 11% price slump.

仅在过去的一周中，活动地址下降了近70％，这可能表明流动性降低并减少了投机兴趣，这可能加剧了代币最近的11％的价格下跌。

If traders continue to exit their positions en masse and there are no new utility additions or fundamental catalysts to attract buyers, XRP could face further downside momentum.

如果交易者继续大规模退出职位，并且没有新的公用事业或基本催化剂来吸引买家，那么XRP可能会面临进一步的下行势头。