XRP脱心隆（USDT）将成为市值的第三个有价值的加密货币

在加密货币市场的一个显着转变中，XRP最近使Tether（USDT）成为市值通过市值成为第三个最有价值的加密货币。

As the cryptocurrency market continues to navigate regulatory uncertainty and an evolving landscape, XRP has dethroned Tether (USDT) to become the third most valuable cryptocurrency by market capitalization. This development comes at a time when the crypto space faces shifting dynamics and increasing institutional interest.

随着加密货币市场继续驾驶监管不确定性和不断发展的景观，XRP剥夺了Tether（USDT），成为市值通过市值的第三个最有价值的加密货币。这种发展是在加密空间面临转移动态并增加机构利益的时候。

Tether, which had long held the third position due to its status as a stablecoin pegged to the U.S. dollar, has now been overtaken by XRP, a token that has been at the center of both legal battles and market volatility. This move marks an important milestone in XRP’s ongoing journey, one that could have long-lasting effects on the crypto market’s overall dynamics.

Tether长期以来一直担任第三位，这是由于其作为与美元挂钩的Stablecoin的地位，现在已被XRP（XRP）所取代，XRP已成为法律斗争和市场波动的中心。此举标志着XRP正在进行的旅程中的一个重要里程碑，这可能会对加密货币市场的整体动态产生持久的影响。

Several factors have contributed to XRP’s rapid rise, including favorable legal developments, growing investor optimism, and an increasing number of partnerships involving Ripple Labs, the company behind XRP. Ripple, which uses XRP to facilitate international payments, has been embroiled in a prolonged legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC has accused Ripple of conducting an unregistered securities offering by selling XRP, arguing that it should be classified as a security. However, in a landmark ruling in July, a U.S. district judge ruled that XRP’s programmatic sales (the sale of XRP through exchanges) were not subject to securities laws, creating a major victory for Ripple.

XRP迅速上升的几个因素，包括有利的法律​​发展，不断增长的投资者乐观情绪以及涉及Ripple Labs（XRP背后的公司）的伙伴关系越来越多。使用XRP促进国际付款的Ripple已卷入与美国证券交易委员会（SEC）的长期法律斗争中。 SEC指控波纹通过出售XRP进行未注册的证券提供，并认为应将其归类为安全。但是，在7月的一项具有里程碑意义的裁决中，美国地方法院法官裁定XRP的程序化销售（通过交易所出售XRP）不遵守证券法，从而为Ripple带来了重大胜利。

Despite the ongoing litigation and the SEC’s decision to appeal the ruling, XRP’s price has soared, and the market has responded positively to this legal win. Investors have become increasingly optimistic that Ripple could ultimately prevail in its legal struggle, potentially bringing regulatory clarity to the broader crypto market. This, in turn, has boosted XRP’s market capitalization, enabling it to surpass Tether’s market value. As a result, XRP now sits behind only Bitcoin (BTC) and Ethereum (ETH) in terms of total market value.

尽管正在进行的诉讼以及SEC对裁决提出上诉的决定，但XRP的价格却飙升，市场对这一法律胜利做出了积极的反应。投资者变得越来越乐观，因为Ripple最终可以在其法律斗争中占上风，这可能会使更广泛的加密货币市场带来监管的清晰度。反过来，这增加了XRP的市值，从而超过了Tether的市场价值。结果，XRP现在仅坐在比特币（BTC）和以太坊（ETH）后面，就总市场价值而言。

XRP’s Legal Struggles and Their Impact on the Market

XRP的法律斗争及其对市场的影响

XRP’s rise to prominence has not been without its challenges. The ongoing legal dispute with the SEC has cast a long shadow over the cryptocurrency, contributing to significant volatility in its price. Initially, when the SEC filed its lawsuit against Ripple in late 2020, XRP’s market price took a sharp hit, and several major exchanges delisted the token, citing the legal uncertainties surrounding its status. Many investors were cautious about holding XRP during this time, unsure whether it would eventually be classified as a security or face further regulatory hurdles.

XRP的崛起并非没有挑战。与SEC进行的持续法律纠纷对加密货币产生了长时间的阴影，导致其价格大幅波动。最初，当SEC在2020年末提起针对Ripple的诉讼时，XRP的市场价格受到了巨大打击，几次重大交易所使该代币脱颖而出，理由是围绕其地位的法律不确定性。许多投资者对在此期间持有XRP的持续谨慎，不确定它最终将被归类为安全还是面临进一步的监管障碍。

However, despite these challenges, Ripple has managed to maintain a strong position in the market. The company’s legal defense, led by its general counsel, has been robust, and Ripple’s team has argued that XRP is not a security, but rather a digital asset that serves as a utility in Ripple’s payment network. In addition to this defense, Ripple has pointed to the widespread use of XRP in real-world applications, such as cross-border payments, as evidence that it functions more like a currency or a commodity than a traditional security.

但是，尽管面临这些挑战，但Ripple还是在市场上保持了强大的地位。该公司的法律辩护在其总法律顾问的领导下非常强大，Ripple的团队认为，XRP不是安全性，而是一种数字资产，在Ripple的支付网络中充当实用性。除了这种辩护外，Ripple还指出，在诸如跨境支付之类的现实应用程序中广泛使用XRP，证明其功能更像是货币或商品，而不是传统的安全性。

The July ruling from the district court was seen as a significant victory for Ripple, as it found that XRP’s programmatic sales did not constitute a violation of U.S. securities laws. This ruling effectively limited the scope of the SEC’s claims against Ripple, even though the agency has since filed an appeal in an attempt to overturn the decision. While the legal battle is far from over, the ruling provided much-needed relief for XRP holders and restored confidence in the cryptocurrency. Ripple’s victory also signaled to the broader crypto community that courts might be willing to treat different tokens differently, rather than applying the same standards to all cryptocurrencies.

从地方法院裁定的7月裁决被认为是波纹的重大胜利，因为它发现XRP的程序化销售并不构成违反美国证券法的行为。该裁决有效地限制了SEC针对Ripple的主张的范围，尽管该机构此后已提出上诉试图推翻决定。尽管法律斗争还远远没有结束，但该裁决为XRP持有人提供了急需的救济，并恢复了对加密货币的信心。 Ripple的胜利也向更广泛的加密社区表示，法院可能愿意以不同的方式对待不同的代币，而不是将相同的标准应用于所有加密货币。

XRP’s legal saga remains an ongoing story that continues to capture the attention of both crypto enthusiasts and regulators. How the courts ultimately rule on the SEC’s appeal will have profound implications not just for XRP, but for the entire cryptocurrency industry. A favorable outcome for Ripple could set a precedent for how other cryptocurrencies are treated by regulators, providing much-needed clarity to the market. Conversely, a ruling that sides with the SEC could further tighten regulations on the industry and set back the broader adoption of blockchain technology.

XRP的法律传奇仍然是一个正在进行的故事，它继续吸引加密助人爱好者和监管机构的注意力。法院最终如何对SEC上诉的统治将不仅对XRP，而且对整个加密货币行业产生深远的影响。涟漪的一个有利的结果可以为监管机构如何处理其他加密货币的方式树立先例，从而为市场提供了急需的清晰度。相反，与SEC有关的一方可以进一步收紧行业的法规，并恢复更广泛的区块链技术的采用。

The Rise of XRP: Investor Optimism and Market Momentum

XRP的兴起：投资者乐观和市场动力

Aside from the legal aspects, another factor contributing to XRP’s rise has been the growing optimism among investors. The cryptocurrency market, as a whole, has witnessed an increasing influx of institutional interest in recent years. Digital assets like Bitcoin and Ethereum have gained widespread recognition and acceptance, not only as speculative investments but also as store-of-value assets and alternatives to traditional financial systems.

除了法律方面，促成XRP崛起的另一个因素是投资者的乐观情绪越来越大。整个加密货币市场近年来见证了机构兴趣的涌入。像比特币和以太坊这样的数字资产已获得广泛的认可和接受，不仅是投机性投资，而且作为价值存储资产和传统金融系统的替代品。

XRP has benefited from this trend, with many investors viewing it as a cryptocurrency that could facilitate real-world use cases in the financial services industry. Ripple’s focus on cross-border payments and remittances has positioned XRP as a potential solution to some of the inefficiencies inherent in the traditional banking system. Ripple’s network, which allows for instant, low-cost international money transfers, has been adopted by a

XRP从这一趋势中受益，许多投资者将其视为一种加密货币，可以促进金融服务行业现实世界中的用例。 Ripple对跨境支付和汇款的关注已将XRP定位为潜在的解决方案，以解决传统银行系统固有的一些效率。 Ripple的网络允许即时，低成本的国际货币转移，已被A采用