美国法官拒绝Ripple Labs与SEC的和解建议，使XRP的安全分类完好无损

Ripple Labs与美国证券交易委员会（SEC）之间的长期法律斗争已经发生了重大转变。最近，一名联邦法官拒绝了双方提出的一项联合和解提案，该提案旨在将波纹的1.25亿美元民事罚款减少到5000万美元，并解除针对未来证券违规行为的法院禁令。这一决定不仅使整个罚款保持不变，而且还保持了对公司的监管压力，并强调了SEC对XRP是安全的立场。

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.

美国联邦法官拒绝了证券交易委员会（SEC）和Ripple Labs的共同要求，以将公司的民事罚款减少到5000万美元，并解除针对未来证券违规行为的法院禁令。

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.

该监管机构已起诉该区块链公司，据称将XRP作为未注册的安全性出售。该案始于2020年，双方达成了一项联合和解协议，该协议还旨在向美国财政部支付5000万美元。无行动信将提供对过去证券违规行为的波动的豁免权，并将撤离禁令。

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，纽约南部地区美国地方法院的Analisa Torres法官在周四拒绝了该动议。法官说，该动议没有遵循第60条规则下的正确法律程序，该程序需要证明特殊情况来修改最终判决。

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.

申请人还必须证明，如果未修改判决，则该判决将造成“明显的不公正”。在这种情况下，法官说，移动者不符合此标准。

"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.

该裁决说：“尽管法院承认当事各方为妥协和解决这一行动的共同努力，但移动者修改最终判决的请求在程序上是不适当的。”

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.

该案始于2020年12月，当时SEC起诉Ripple，认为该公司的高管按照联邦证券法的要求出售了XRP，以筹集资金而无需注册其产品。该机构还表示，该公司向机构买家的XRP销售额并非豁免注册。

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."

当时，SEC表示XRP是一种安全性，因为它符合投资合同的传统定义：“ XRP被出售是为了筹集共同企业的资本，作为回报，投资者被保证从其他人的努力中获得利润，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.

多年来，双方都进行了广泛的法律斗争。 Ripple认为，XRP并不构成美国法律的安全性，此案以程序上的复杂性为特征，并面临几个延误。

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，双方共同提出了一项动议，寻求指示性裁定以支持其拟议的解决方案。目的是减少对波纹的经济罚款，并取消禁令，以防止未来的XRP销售。

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

但是，托雷斯法官拒绝了这一动议，强调该动议没有遵循正确的法律程序。

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

该决定对波纹和更广泛的加密货币市场具有重要意义。

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1.25亿美元的罚款，它可能会对Ripple构成挑战，因为它可以提高资本和扩大XRP在更多交易所上的上市。此外，该裁决还保持了对波纹的监管压力，并重申了SEC在XRP上的立场。

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.

该案件对未来可能如何对加密货币进行分类和调节具有关键意义。 SEC对XRP的立场可能会影响监管机构如何看待其他数字资产，从而树立关键的法律先例。

"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说：“这一决定并没有减少法院先前裁定XRP在某些销售情况下不是安全的重要性，这是双方现在同意的胜利，这将是判例法的一部分。”

"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."

“法院的拒绝纯粹是程序性的，不会影响波纹的整体法律立场。波纹和美国证券交易委员会仍然致力于解决此案，并可能会向法院提出修订的动议。”

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.

被拒绝的和解的消息还导致周五XRP的价格下跌。加密货币下降到$ 0.50，这是2月最后一次出现的水平。

"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发言人说：“我们对法院的裁决感到失望，并将根据法院概述的程序提出一项新的动议，以修改判决。”

"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."

“共同的请求是修改判决，以反映当事方谈判的解决方案，减少民事罚款的金额，并修改永久禁令以反映当今的行政和监管优先事项。”

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.

双方现在必须证明为什么举起禁令将对公共利益有所帮助，尤其是考虑到Ripple的机构销售违反证券法的最初裁决。