美國法官拒絕Ripple Labs與SEC的和解建議，使XRP的安全分類完好無損

Ripple Labs與美國證券交易委員會（SEC）之間的長期法律鬥爭已經發生了重大轉變。最近，一名聯邦法官拒絕了雙方提出的一項聯合和解提案，該提案旨在將波紋的1.25億美元民事罰款減少到5000萬美元，並解除針對未來證券違規行為的法院禁令。這一決定不僅使整個罰款保持不變，而且還保持了對公司的監管壓力，並強調了SEC對XRP是安全的立場。

A U.S. federal judge has rejected a joint request by the Securities and Exchange Commission (SEC) and Ripple Labs to reduce the company's civil penalty to $50 million and lift a court injunction against future securities violations.

美國聯邦法官拒絕了證券交易委員會（SEC）和Ripple Labs的共同要求，以將公司的民事罰款減少到5000萬美元，並解除針對未來證券違規行為的法院禁令。

The regulator had sued the blockchain company for allegedly selling XRP as an unregistered security. The case began in 2020, and both parties had reached a joint settlement agreement, which also aimed to pay $50 million to the U.S. Treasury. The no-action letter would provide immunity to Ripple for past securities violations and would vacate the injunction.

該監管機構已起訴該區塊鏈公司，據稱將XRP作為未註冊的安全性出售。該案始於2020年，雙方達成了一項聯合和解協議，該協議還旨在向美國財政部支付5000萬美元。無行動信將提供對過去證券違規行為的波動的豁免權，並將撤離禁令。

However, Judge Analisa Torres of the U.S. District Court for the Southern District of New York, rejected the motion on Thursday. The judge said that the motion did not follow the correct legal process under Rule 60, which requires proving exceptional circumstances for modifying a final judgment.

但是，紐約南部地區美國地方法院的Analisa Torres法官在周四拒絕了該動議。法官說，該動議沒有遵循第60條規則下的正確法律程序，該程序需要證明特殊情況來修改最終判決。

The applicant must also demonstrate that the judgment will create a "manifest injustice" if it is not modified. In this case, the judge said that the movants did not meet this standard.

申請人還必須證明，如果未修改判決，則該判決將造成“明顯的不公正”。在這種情況下，法官說，移動者不符合此標準。

"Although the court recognizes the joint efforts of the parties to compromise and settle this action, the movants' request to modify the final judgment is procedurally improper," the ruling stated.

該裁決說：“儘管法院承認當事各方為妥協和解決這一行動的共同努力，但移動者修改最終判決的請求在程序上是不適當的。”

The case began in December 2020 when the SEC sued Ripple, arguing that the company’s executives sold XRP to raise money without registering their offerings, as required by federal securities laws. The agency also said that the company’s sales of XRP to institutional buyers were not exempt from registration.

該案始於2020年12月，當時SEC起訴Ripple，認為該公司的高管按照聯邦證券法的要求出售了XRP，以籌集資金而無需註冊其產品。該機構還表示，該公司向機構買家的XRP銷售額並非豁免註冊。

At the time, the SEC said that XRP is a security because it meets the traditional definition of an investment contract: "XRP was sold to raise capital for a common enterprise, and, in return, investors were promised to receive a profit from the efforts of others, namely, Ripple."

當時，SEC表示XRP是一種安全性，因為它符合投資合同的傳統定義：“ XRP被出售是為了籌集共同企業的資本，作為回報，投資者被保證從其他人的努力中獲得利潤，即Ripple。”

Over the years, both parties engaged in extensive legal battles. Ripple argued that XRP does not constitute a security under U.S. law and that the case was marked by procedural complexities and faced several delays.

多年來，雙方都進行了廣泛的法律鬥爭。 Ripple認為，XRP並不構成美國法律的安全性，此案以程序上的複雜性為特徵，並面臨幾個延誤。

Recently, both parties jointly filed a motion seeking an indicative ruling to support their proposed settlement. The aim was to reduce the financial penalty imposed on Ripple and to lift the injunction that would prevent future sales of XRP.

最近，雙方共同提出了一項動議，尋求指示性裁定以支持其擬議的解決方案。目的是減少對波紋的經濟罰款，並取消禁令，以防止未來的XRP銷售。

However, Judge Torres rejected the motion, highlighting that it did not follow the correct legal process.

但是，托雷斯法官拒絕了這一動議，強調該動議沒有遵循正確的法律程序。

This decision has significant implications for Ripple and the broader cryptocurrency market.

該決定對波紋和更廣泛的加密貨幣市場具有重要意義。

With the $125 million penalty remaining in place, it could pose challenges for Ripple in terms of its capacity to raise capital and expand XRP's listing on more exchanges. Moreover, the ruling maintains the regulatory pressure on Ripple and reaffirms the SEC's position on XRP as a security.

剩下1.25億美元的罰款，它可能會對Ripple構成挑戰，因為它可以提高資本和擴大XRP在更多交易所上的上市。此外，該裁決還保持了對波紋的監管壓力，並重申了SEC在XRP上的立場。

This case has pivotal implications for how cryptocurrencies might be classified and regulated in the future. The SEC's stance on XRP could influence how other digital assets are viewed by regulatory bodies, setting a critical legal precedent.

該案件對未來可能如何對加密貨幣進行分類和調節具有關鍵意義。 SEC對XRP的立場可能會影響監管機構如何看待其他數字資產，從而樹立關鍵的法律先例。

"This decision does not diminish the importance of the court’s prior ruling that XRP is not a security in certain sales contexts, a victory that both parties now agree on and that will remain part of the case law," said Stuart Alderoty, chief legal officer at Ripple.

Ripple首席法律官Stuart Alderoty說：“這一決定並沒有減少法院先前裁定XRP在某些銷售情況下不是安全的重要性，這是雙方現在同意的勝利，這將是判例法的一部分。”

"The court’s rejection is purely procedural and does not affect Ripple’s overall legal position. Both Ripple and the SEC remain committed to resolving this case and will likely be filing a revised motion with the court."

“法院的拒絕純粹是程序性的，不會影響波紋的整體法律立場。波紋和美國證券交易委員會仍然致力於解決此案，並可能會向法院提出修訂的動議。”

The news of the rejected settlement also led to a drop in XRP’s price on Friday. The cryptocurrency dropped as low as $0.50, a level last seen in February.

被拒絕的和解的消息還導致周五XRP的價格下跌。加密貨幣下降到$ 0.50，這是2月最後一次出現的水平。

"We are disappointed with the court’s ruling and will be filing a new motion to modify the judgment in accordance with the procedures outlined by the court," an SEC spokesperson said.

SEC發言人說：“我們對法院的裁決感到失望，並將根據法院概述的程序提出一項新的動議，以修改判決。”

"The joint request was to modify the judgment to reflect the parties' negotiated settlement, reduce the amount of the civil money penalty, and modify the permanent injunction to reflect the administrative and regulatory priorities of today."

“共同的請求是修改判決，以反映當事方談判的解決方案，減少民事罰款的金額，並修改永久禁令以反映當今的行政和監管優先事項。”

Both parties must now demonstrate why lifting the injunction would serve the public interest, especially considering the original ruling that Ripple’s institutional sales violated securities laws.

雙方現在必須證明為什麼舉起禁令將對公共利益有所幫助，尤其是考慮到Ripple的機構銷售違反證券法的最初裁決。