托雷斯法官要求權衡擬議的和解協議，Ripple vs. SEC進入了最後階段

在SEC與Ripple法律鬥爭中最明確的一章中，美國證券交易委員會已向Analisa Torres法官提交了正式通知，以確認現在正在提出和解協議。

The U.S. Securities and Exchange Commission has officially notified Judge Analisa Torres that it's nearing a settlement agreement with Ripple in their ongoing lawsuit, which could soon enter its final phase.

美國證券交易委員會已正式通知Analisa Torres法官，即將在其正在進行的訴訟中與Ripple達成和解協議，該協議可能很快進入最後階段。

The SEC's recent filing, which was spotted by legal eagle "Lawler," also saw the agency apply for the prior injunction against Ripple to be lifted. The agency also requested that the case be returned to the district court, where it began in December 2020.

SEC最近的文件是由Legal Eagle“ Lawler”發現的，該機構還申請了對Ripple的先前禁令。該機構還要求將案件返回到2020年12月開始的地方法院。

The development comes just days after the U.S. Court of Appeals for the Second Circuit agreed to stay the pending appeal in the case, presenting both parties with an opportunity to finalize the settlement.

在美國第二巡迴上訴法院同意在案件中待上訴，這一發展就在幾天之後，向雙方頒發了最終確定和解的機會。

The SEC is now seeking input from Judge Torres on how she would decide on the case if it were to be returned to her docket. This signals substantial progress in the negotiations and paves the way for a swift procedural conclusion.

SEC現在正在尋求托雷斯法官的意見，即如果將其歸還給她的案卷，她將如何決定該案。這標誌著談判中的實質性進展，並為快速的程序結論鋪平了道路。

What's New In The SEC’s Proposal?

SEC提案中有什麼新功能？

The SEC's updated proposal, which was part of a broader filing on Monday, includes a revised penalty amount of $50 million, down from the $125 million previously proposed. The remaining amount of the penalty, which is subject to court approval, may be refunded to Ripple or reallocated. Further details regarding the penalty and other terms of the settlement are currently part of a sealed document.

SEC的最新提案是周一更廣泛的文件的一部分，其中包括修訂的罰款金額為5000萬美元，低於先前提議的1.25億美元。剩餘的罰款金額可以予以批准，可以退還給波紋或重新分配。有關和解的罰款和其他條款的更多詳細信息目前是密封文件的一部分。

As part of the agreement, the SEC is applying to have the prior injunction, which was partially granted against Ripple in August 2024 and later modified in January 2024, fully lifted. This injunction had placed restrictions on certain aspects of Ripple’s institutional XRP sales and the token’s movement in U.S. markets.

作為協議的一部分，SEC申請了先前的禁令，該禁令在2024年8月對Ripple進行了部分授予，後來在2024年1月進行了修改，並完全解除了。該禁令已對Ripple機構XRP銷售的某些方面和代幣在美國市場的運動施加限制。

The final version of the deal, once resubmitted in the district court, would also authorize both parties to withdraw their respective appeals, effectively concluding the litigation efforts that have been ongoing for more than three years.

該交易的最終版本曾經在地方法院重新提交，還將授權雙方撤回各自的上訴，從而有效地結論了已經進行了三年多的訴訟工作。

Crucially, neither Ripple nor the SEC are planning to challenge Judge Torres’ July 2023 decision, which found that XRP’s direct institutional sales were unregistered securities but that programmatic sales and secondary market activity did not constitute violations of securities law.

至關重要的是，Ripple和SEC都沒有計劃挑戰托雷斯法官2023年7月的裁決，該決定發現XRP的直接機構銷售是未註冊的證券，但是程序化銷售和二級市場活動並不構成違反證券法的行為。

This ruling, viewed by many in the industry as a partial win for Ripple and a significant precedent for other token issuers, is likely to remain a cornerstone of the case’s resolution.

該裁決被行業中的許多人視為波紋的部分勝利，也是其他代幣發行人的重要先例，可能仍然是該案解決方案的基石。

What Happens Next In The Ripple Lawsuit

連續訴訟中接下來會發生什麼

The SEC has applied for the case to be remanded back to the district court to finalize the parties' pending settlement.

SEC已申請該案還押回地方法院，以最終確定當事方的未決和解。

The agency is also seeking guidance from Judge Torres on her ruling. Specifically, the SEC is interested in the judge's opinion on:

該機構還在尋求托雷斯法官對其裁決的指導。具體而言，SEC對法官對：

1. Whether the case should be returned to the district court for administrative closure.

1。是否應將案件返回地方法院進行行政關閉。

2. How the court would decide on the issues if the case were to be fully adjudicated at this stage.

2。如果在此階段對案件進行充分裁決，法院將如何裁決問題。

This request signals a significant step forward in the case, suggesting that both sides are nearing a complete agreement.

該請求在此案中向前邁出了一大步，這表明雙方都達成了完整的協議。

The case, which began in December 2020, has been a closely watched one in the crypto industry. Awaiting the judge's next move, the industry will be watching closely to see how this case concludes and what implications it will have for the broader regulatory landscape of the metaverse.

該案始於2020年12月，一直是加密貨幣行業的密切關注的案件。等待法官的下一步行動，該行業將密切關注該案件的結論以及它將對Metaverse的更廣泛的監管格局產生什麼影響。