SEC 有 11 天的時間對 XRP 裁決提出上訴

在 Ripple 與 SEC 的新一輪法律衝突中，前 SEC 律師 Marc Fagel 透露了該機構可能的上訴策略。

The Securities and Exchange Commission (SEC) has 11 days to appeal a court ruling that XRP sales were not required to be registered with the agency, in what could be a last-ditch effort to claim a victory in its two-year legal battle against Ripple Labs Inc.

美國證券交易委員會 (SEC) 有 11 天的時間對法院裁決提出上訴，該裁決認為 XRP 銷售無需在該機構註冊，這可能是其兩年法律鬥爭中取得勝利的最後努力。

A recent court victory for Ripple saw a judge rule that its sales of XRP, the native token of the XRP Ledger, did not qualify as sales of unregistered securities. This effectively dismissed the SEC’s case, which began in December 2020.

Ripple 最近在法庭上取得勝利，法官裁定其銷售 XRP（XRP Ledger 的原生代幣）不符合銷售未註冊證券的資格。這實際上駁回了 SEC 於 2020 年 12 月開始的案件。

However, the SEC has maintained that programmatic sales of XRP — sales made through intermediaries without direct involvement from Ripple — did constitute sales of unregistered securities. If the agency decides to appeal, this is likely to be the main point of contention.

然而，SEC 堅持 XRP 的程序化銷售（即透過中介機構進行的銷售，而 Ripple 沒有直接參與）確實構成了未註冊證券的銷售。如果該機構決定上訴，這可能會成為爭論的焦點。

Former SEC lawyer Marc Fagel addressed rumors of a potential appeal in a recent tweet. According to Fagel, if the SEC does decide to appeal, it will likely challenge the court’s decision regarding XRP sales made through intermediaries. The appeal, he said, will not focus on the $125 million penalty that Ripple was ordered to pay, as Ripple received a stay order for that penalty.

美國證券交易委員會前律師馬克法格爾 (Marc Fagel) 在最近的一條推文中回應了可能上訴的傳言。 Fagel 表示，如果 SEC 確實決定上訴，它可能會質疑法院透過中間商進行 XRP 銷售的決定。他表示，上訴不會重點關注 Ripple 被勒令支付的 1.25 億美元罰款，因為 Ripple 收到了該罰款的暫緩執行令。

“Many rumors swirling about a potential SEC appeal. If they do appeal, it will challenge the ruling on whether programmatic sales (i.e. through intermediaries) were unregistered securities offerings. It has nothing to do with the penalty.”

「有很多關於美國證券交易委員會可能上訴的謠言。如果他們確實上訴，它將質疑程序化銷售（即透過中介機構）是否為未經註冊的證券發行的裁決。這與處罰無關。

Fagel’s statement appears to contradict earlier reports, which suggested that the SEC could appeal the court’s decision on the definition of an “investment contract” under Section 2(a)(1) of the Securities Act of 1933. However, Fagel’s interpretation aligns with the agency’s closing arguments during the trial, in which it highlighted the need to determine the legal status of programmatic XRP sales.

Fagel 的聲明似乎與先前的報導相矛盾，先前的報告表明SEC 可以對法院根據1933 年《證券法》第2(a)(1) 條對「投資合約」的定義做出的決定提出上訴。 ，Fagel 的解釋與該機構在審判期間的結案陳詞中強調需要確定程序化 XRP 銷售的法律地位。

Meanwhile, ex-SEC lawyer James K. Farrell also commented on the rumors, suggesting a 75% chance that the agency will proceed with an appeal. According to Farrell, failing to appeal might weaken the SEC’s position in future crypto asset cases. The October 7 deadline is fast approaching, leaving everyone guessing about the next move.

與此同時，前 SEC 律師詹姆斯·K·法雷爾 (James K. Farrell) 也對謠言發表了評論，表示該機構有 75% 的可能性將繼續上訴。法雷爾表示，未能上訴可能削弱美國證券交易委員會在未來加密資產案件中的地位。 10 月 7 日的最後期限即將到來，每個人都在猜測下一步的行動。

“I’d say there’s a 75% chance that the SEC will appeal the XRP ruling. The 7th Circuit recently reversed Judge Stadtmueller in another crypto case & the SEC fully appealed that decision. Failing to appeal here might weaken the SEC’s position in future crypto asset cases.”

「我想說 SEC 有 75% 的機會對 XRP 裁決提出上訴。第七巡迴法院最近在另一起加密貨幣案件中推翻了 Stadtmueller 法官的判決，並且 SEC 對該決定提出了全面上訴。如果未能上訴，可能會削弱 SEC 在未來加密資產案件中的地位。

XRP price took a toll amid SEC’s appeal rumors

XRP 價格因 SEC 上訴傳聞而受到影響

XRP price has been impacted by rumors of a potential SEC appeal in its lawsuit against Ripple. At the time of writing, XRP is trading at $0.5834, down 1.4% over the past day, with a trading volume that has also decreased by 11%.

XRP 價格受到 SEC 可能對 Ripple 訴訟提出上訴的傳言的影響。截至撰寫本文時，XRP 交易價格為 0.5834 美元，較過去一天下跌 1.4%，交易量也減少了 11%。

Despite a recent court victory for Ripple, which saw a judge rule that its sales of XRP did not qualify as sales of unregistered securities, the rumors of a potential SEC appeal have kept XRP’s price in the red for the past few days.

儘管 Ripple 最近在法庭上取得了勝利，法官裁定其銷售的 XRP 不符合銷售未註冊證券的條件，但有關 SEC 可能上訴的傳言使 XRP 的價格在過去幾天裡一直處於虧損狀態。

Both Ripple executives, CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty, have maintained that the case is over, denying any potential appeal claims. However, many experts still believe that the SEC could file a last-minute appeal, which would drag the legal battle and potentially impact XRP’s market performance.

Ripple 的兩位高管，首席執行官布拉德·加林豪斯(Brad Garlinghouse) 和首席法務官斯圖爾特·阿爾德羅蒂(Stuart Alderoty) 都堅稱此案已經結束，並否認任何潛在的上訴主張。然而，許多專家仍然認為 SEC 可能會在最後一刻提出上訴，這將拖延法律戰並可能影響 XRP 的市場表現。

With both sides preparing for the next steps, the case remains one of the most closely watched in the crypto space. As the October deadline nears, the possibility of an SEC appeal could lead to extended legal battles, leaving XRP’s future hanging in the balance.

隨著雙方都在為下一步做準備，此案仍然是加密貨幣領域最受關注的案件之一。隨著 10 月截止日期的臨近，美國證券交易委員會上訴的可能性可能會導致長期的法律糾紛，從而使 XRP 的未來懸而未決。

As XRP fiyatı bugün düşüyor, önemli gelişmeler yaşanıyor. Ripple’ın 14-15 Ekim tarihleri arasında düzenleyeceği Swell konferansı, stablecoin’i RLUSD’nin lansmanı ve potansiyel bir XRP odaklı ETF duyurusu ile hareketleniyor.

隨著 XRP 價格今天下跌，重要的事態發展正在發生。 Ripple 的 Swell 會議將於 10 月 14 日至 15 日舉行，隨著其穩定幣 RLUSD 的推出以及潛在的以 XRP 為重點的 ETF 的宣布，會議變得熱鬧起來。

Ayrıca Ripple, XRP Ledger üzerinde 50 trilyon dolarlık bir tokenizasyon patlamasına hazırlanırken, herkes SEC’in devam eden davaya ilişkin bir temyiz başvurusu yapıp yapmayacağına odaklanmış durumda. Ripple liderliği bundan etkilenmiyor gibi görünse de yasal mücadelenin devam etmesi halinde XRP’nin ve kripto düzenlemelerinin geleceği önemli ölçüde değişebilir.

此外，隨著 Ripple 為 XRP Ledger 上 50 兆美元的代幣化熱潮做準備，每個人都關注 SEC 是否會就正在進行的案件提出上訴。儘管 Ripple 領導層似乎不為所動，但如果法律鬥爭繼續下去，XRP 和加密貨幣法規的未來可能會發生重大變化。