司法顯微鏡下 Ripple 的法律勝利

福克斯商業頻道資深記者查爾斯·加斯帕里諾(Charles Gasparino) 援引其他聯邦法官的懷疑態度，其中包括公司法司法部門“院長”傑德·S·拉考夫(Jed S. Rakoff) 法官，他推測法官阿納麗莎·托雷斯(Analisa Torres) 對SEC 做出的對Ripple 有利的裁決可能會受到更高級別的司法審查。美國證券交易委員會最近在 Coinbase 案中獲勝，對數位資產可以規避證券法的論點提出了挑戰，這可能會進一步強化這種懷疑，專家建議托雷斯法官的 Ripple 裁決可能會被推翻。

Ripple's Favorable Ruling Faces Judicial Scrutiny

Ripple的有利裁決面臨司法審查

Amidst the evolving legal landscape surrounding cryptocurrencies, the fate of Ripple's landmark victory against the US Securities and Exchange Commission (SEC) hangs in the balance. Senior Correspondent for Fox Business, Charles Gasparino, has raised concerns that the favorable ruling issued by Judge Analisa Torres may not withstand higher judicial review.

在圍繞加密貨幣不斷變化的法律環境中，瑞波幣對美國證券交易委員會（SEC）的里程碑式勝利的命運懸而未決。福斯商業頻道資深記者查爾斯·加斯帕里諾 (Charles Gasparino) 擔心法官阿娜麗莎·托雷斯 (Analisa Torres) 作出的有利裁決可能無法經受更高的司法審查。

Gasparino's skepticism stems from the recent decision in the Coinbase vs. SEC lawsuit, where the SEC emerged victorious. The court's decision challenged the notion that digital assets could skirt securities laws, raising doubts about the viability of the arguments presented in Ripple's case.

加斯帕里諾的懷疑源自於最近 Coinbase 訴 SEC 訴訟的判決，其中 SEC 獲勝。法院的裁決對數位資產可以規避證券法的觀點提出了挑戰，引發了人們對 Ripple 案件中提出的論點的可行性的懷疑。

"A reminder to the XRP community: So far, TWO Fed judges, including the one considered the 'dean' of corporate-law judiciary (Rakoff), have scoffed at arguments using Judge Torres' Ripple ruling as precedent because the ruling itself is so incoherent," Gasparino tweeted.

「提醒XRP 社群：到目前為止，兩名聯準會法官，包括被認為是公司法司法部門『院長』的一位法官(Rakoff)，對以托雷斯法官的Ripple 裁決作為先例的論點嗤之以鼻，因為該裁決本身是如此語無倫次，」加斯帕里諾發推文。

The Coinbase ruling emphasized that "the 'crypto' nomenclature may be of recent vintage, but the challenged transactions fall comfortably within the framework that courts have used to identify securities for nearly eighty years." This ruling dismissed the applicability of Torres's Ripple decision as a defense.

Coinbase 的裁決強調，“‘加密貨幣’術語可能是最近才出現的，但受到質疑的交易完全屬於法院近八十年來用來識別證券的框架。”這項裁決駁回了托雷斯的瑞波判決作為辯護的適用性。

Gasparino further highlighted that Judge Katherine Polk Failla, who presided over the Coinbase case, rejected Coinbase's contention that Torres's Ripple ruling supported its motion to dismiss. Instead, Judge Failla cited the Rakoff analysis on Terraform, which also rejected the Torres analysis.

加斯帕里諾進一步強調，主持 Coinbase 案件的法官 Katherine Polk Failla 駁回了 Coinbase 的論點，即托雷斯的 Ripple 裁決支持其駁回動議。相反，法伊拉法官引用了拉科夫對 Terraform 的分析，該分析也駁回了托雷斯的分析。

SEC Chair Gary Gensler's hardline stance on cryptocurrencies, including Ethereum (ETH), further exacerbates concerns about the potential overturning of Torres's ruling. Gasparino believes that Gensler's determination to regulate the industry could lead to a direct challenge to Torres's ruling in the appellate division.

SEC 主席 Gary Gensler 對以太坊 (ETH) 等加密貨幣的強硬立場進一步加劇了人們對托雷斯裁決可能被推翻的擔憂。加斯帕里諾認為，詹斯勒監管該行業的決心可能會對托雷斯在上訴庭的裁決構成直接挑戰。

However, the XRP community has responded with skepticism to the narrative drawn from the Coinbase ruling. Jesse Hynes, a lawyer and XRP supporter, criticized the oversimplified interpretation of the legal nuances involved.

然而，XRP 社群對 Coinbase 裁決的敘述表示懷疑。律師兼 XRP 支持者 Jesse Hynes 批評對所涉及的法律細微差別的過於簡單化的解釋。

Bill Morgan, another pro-XRP lawyer, directly challenged Gasparino's claims, requesting specific references to support the assertions of judicial skepticism.

另一位支持 XRP 的律師比爾摩根 (Bill Morgan) 直接對加斯帕里諾的主張提出質疑，要求提供具體參考資料來支持司法懷疑的主張。

"To assist your readers, please point out the references in any decision of these two judges in which they 'scoff' at arguments based on the decision in SEC v Ripple," Morgan stated. "You are surely not talking about two motions to dismiss given the nature of such motions compared to a summary judgment decision."

摩根表示：“為了幫助讀者，請指出這兩位法官在任何判決中‘嘲笑’基於 SEC 訴 Ripple 判決的論點的參考文獻。” “考慮到與簡易判決決定相比的動議的性質，你肯定不是在談論兩項駁回動議。”

As of press time, XRP was trading at $0.61234, reflecting the uncertainty surrounding the legal battle. The outcome of Ripple's case will have significant implications for the cryptocurrency industry, potentially shaping the regulatory landscape for digital assets.

截至發稿時，XRP 的交易價格為 0.61234 美元，反映出圍繞法律糾紛的不確定性。 Ripple 案件的結果將對加密貨幣產業產生重大影響，可能會影響數位資產的監管格局。