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Ripple 與美國證券交易委員會(SEC)之間持續的法律糾紛似乎遠未結束。

The ongoing legal dispute between Ripple and the US Securities and Exchange Commission (SEC) appears far from over. Legal expert Fred Rispoli recently suggested that the likelihood of an appeal in the case has increased significantly.
Ripple 與美國證券交易委員會(SEC)之間持續的法律糾紛似乎遠未結束。法律專家弗雷德·里斯波利(Fred Rispoli)最近表示,此案上訴的可能性大大增加。
This development follows Ripple’s August 7 request to postpone the payment of a $125 million fine to the SEC within 15 days, signaling that the battle might continue. Let’s find out the odds.
此前,Ripple 於 8 月 7 日請求推遲在 15 天內向 SEC 支付 1.25 億美元罰款,這表明戰鬥可能會繼續。讓我們來看看賠率。
Ripple’s Extension Request and Fine Deposit
Ripple的延期請求和罰款存款
Initially, Ripple had 30 days to settle the fine, but the company has sought an extension, possibly to prepare for an appeal. To accommodate this, Ripple has proposed to deposit 111% of the fine amount—around $139 million—into a bank account. This deposit will remain there until 30 days after the appeal period expires or any appeal case reaches a resolution.
最初,Ripple 有 30 天的時間來解決罰款,但該公司已尋求延期,可能是為了準備上訴。為了解決這個問題,Ripple 提議將罰款金額的 111%(約 1.39 億美元)存入銀行帳戶。該押金將保留至上訴期結束或任何上訴案件達成解決方案後 30 天。
The SEC has agreed to Ripple’s request for a stay, which means the legal fine is temporarily on hold. However, this move has left XRP investors uncertain. While the extension isn’t a direct confirmation that Ripple will appeal, it raises concerns about a prolonged legal saga. The SEC has until mid-October to decide whether it will pursue an appeal, leaving the crypto world on edge.
美國證券交易委員會已同意 Ripple 的暫緩請求,這意味著法律罰款暫時擱置。然而,此舉讓 XRP 投資者感到不確定。雖然延期並不是直接確認 Ripple 將上訴,但它引發了人們對長期法律糾紛的擔憂。美國證券交易委員會必須在 10 月中旬之前決定是否提起上訴,這讓加密世界感到緊張。
The question of whether the SEC can appeal the classification of XRP as security remains a hot topic in the cryptocurrency space. Recently, Meta Law Man discussed potential grounds for an appeal against Ripple in an interview on Digital Perspective. CryptoView, a crypto trader, has raised concerns about these grounds, particularly focusing on a key point mentioned by renowned attorney Jeremy Hogan.
美國證券交易委員會是否可以對 XRP 被歸類為證券的問題仍然是加密貨幣領域的熱門話題。最近,Meta Law Man 在接受 Digital Perspective 採訪時討論了對 Ripple 提出上訴的潛在理由。加密貨幣交易商 CryptoView 對這些理由提出了擔憂,特別關注著名律師 Jeremy Hogan 提到的關鍵點。
Hogan has argued that XRP’s classification as a security in the summary judgment is considered dicta—essentially commentary that is not binding or subject to appeal. Additionally, the SEC had acknowledged to Judge Torres that XRP is not a security in itself. In response, Stuart Alderoty, Ripple’s General Counsel, has also stated that XRP and secondary sales on exchanges are not likely to be involved in the appeal.
霍根認為,簡易判決中將 XRP 歸類為證券被認為是指令,本質上是不具約束力或不可上訴的評論。此外,SEC 已向托雷斯法官承認 XRP 本身並非證券。對此,Ripple 總法律顧問 Stuart Alderoty 也表示,XRP 和交易所的二次銷售不太可能參與上訴。
OGC-Sky, an XRP user, expressed concern that the SEC might use the payment as a tool to initiate a new lawsuit, potentially dragging the case out further. Marc Fagel addressed this by explaining that if an appeal is filed, the case would be moved to the Court of Appeals. This court generally takes about 10-11 months to issue a ruling, which could either uphold the lower court’s decision or send the case back for additional proceedings.
XRP 用戶 OGC-Sky 表示擔心 SEC 可能會利用這筆付款作為發起新訴訟的工具,從而可能進一步拖延案件。馬克法格爾對此解釋道,如果提出上訴,案件將移交上訴法院。該法院通常需要大約 10 至 11 個月的時間做出裁決,要么維持下級法院的裁決,要么將案件發回進行額外訴訟。
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