SEC 會像對待 XRP 一樣在以太坊案件中陷入困境嗎？

Will the SEC Stumble in Its Ethereum Case Like It Did with XRP?

SEC 在以太坊案件中會像對待 XRP 那樣陷入困境嗎？

Brad Garlinghouse, Ripple's CEO, is betting that the SEC will once again lose in court, this time over its efforts to classify Ethereum as a security. He draws parallels to the agency's failed attempt to label XRP a security.

Ripple 執行長 Brad Garlinghouse 押注美國證券交易委員會將再次在法庭上敗訴，這次是因為其將以太坊歸類為證券的努力。他將 XRP 與該機構將 XRP 標記為證券的失敗嘗試進行了類比。

SEC's Inconsistent Approach Under Fire

SEC 不一致的做法受到批評

Coinbase's Chief Legal Officer, Paul Grewal, has lambasted the SEC's Ethereum pursuit, arguing that the asset is a commodity, not a security. He points to past statements from SEC officials, including Chairman Gary Gensler, who have previously described Ethereum as a commodity.

Coinbase 的首席法律長 Paul Grewal 痛斥了 SEC 對以太坊的追捕，認為該資產是一種商品，而不是一種證券。他指出了 SEC 官員過去的聲明，其中包括主席加里·詹斯勒 (Gary Gensler)，他們此前曾將以太坊描述為一種商品。

Ripple's Call for Congressional Oversight

Ripple 呼籲國會監督

Ripple's Chief Legal Officer has urged Congress to scrutinize the SEC's approach to crypto regulation. He contends that the current framework is ineffective and stifles innovation in the industry.

Ripple 的首席法律官敦促國會仔細審查 SEC 的加密監管方法。他認為，目前的框架效率低下，並且抑制了產業的創新。

Ripple CEO's Ethereum Prediction

Ripple執行長對以太坊的預測

Garlinghouse believes the SEC's Ethereum case will fail because the agency has already lost a similar case involving XRP. In July 2023, Judge Analisa Torres ruled that XRP did not meet the criteria for being a security.

Garlinghouse 認為 SEC 的以太坊案件將會失敗，因為該機構已經輸掉了涉及 XRP 的類似案件。 2023 年 7 月，法官 Analisa Torres 裁定 XRP 不符合證券標準。

Coinbase's Objection to Spot Ethereum ETFs

Coinbase 反對現貨以太幣 ETF

Grewal has also taken aim at the SEC's resistance to spot Ethereum exchange-traded funds (ETFs). He argues that the agency has no valid reasons to deny such products, which would allow investors to bet on the price of Ethereum without taking physical possession of the asset.

Grewal 也針對美國證券交易委員會 (SEC) 對以太坊現貨交易所交易基金 (ETF) 的抵制。他認為，該機構沒有正當理由拒絕此類產品，這些產品將允許投資者在不實際擁有該資產的情況下押注以太坊的價格。

Congress's Role in Resolving the Impasse

國會在解決僵局中的作用

Garlinghouse and Grewal both believe that Congress needs to intervene to resolve the regulatory uncertainty surrounding Ethereum. They argue that the SEC's current approach is hampering the growth of the crypto industry.

加林豪斯和格雷沃爾都認為國會需要介入以解決圍繞以太坊的監管不確定性。他們認為 SEC 目前的做法正在阻礙加密產業的發展。

Conclusion

結論

The SEC's pursuit of Ethereum is facing mounting criticism from industry leaders. They argue that the agency's inconsistent approach and lack of clarity are stifling innovation and preventing investors from participating in the crypto market. The outcome of the SEC's Ethereum case could have significant implications for the future of crypto regulation.

美國證券交易委員會對以太坊的追求正面臨產業領袖越來越多的批評。他們認為，該機構不一致的做法和缺乏明確性正在扼殺創新並阻止投資者參與加密貨幣市場。美國證券交易委員會以太坊案件的結果可能對加密貨幣監管的未來產生重大影響。