托雷斯法官要求权衡拟议的和解协议，Ripple vs. SEC进入了最后阶段

在SEC与Ripple法律斗争中最明确的一章中，美国证券交易委员会已向Analisa Torres法官提交了正式通知，以确认现在正在提出和解协议。

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.

美国证券交易委员会已正式通知Analisa Torres法官，即将在其正在进行的诉讼中与Ripple达成和解协议，该协议可能很快进入最后阶段。

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”发现的，该机构还申请了对Ripple的先前禁令。该机构还要求将案件返回到2020年12月开始的地方法院。

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.

在美国第二巡回上诉法院同意在案件中待上诉，这一发展就在几天之后，向双方颁发了最终确定和解的机会。

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现在正在寻求托雷斯法官的意见，即如果将其归还给她的案卷，她将如何决定该案。这标志着谈判中的实质性进展，并为快速的程序结论铺平了道路。

What's New In The SEC’s Proposal?

SEC提案中有什么新功能？

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广泛的文件的一部分，其中包括修订的罚款金额为5000万美元，低于先前提议的1.25亿美元。剩余的罚款金额可以予以批准，可以退还给波纹或重新分配。有关和解的罚款和其他条款的更多详细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.

作为协议的一部分，SEC申请了先前的禁令，该禁令在2024年8月对Ripple进行了部分授予，后来在2024年1月进行了修改，并完全解除了。该禁令已对Ripple机构XRP销售的某些方面和代币在美国市场的运动施加限制。

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.

该交易的最终版本曾经在地方法院重新提交，还将授权双方撤回各自的上诉，从而有效地结论了已经进行了三年多的诉讼工作。

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.

至关重要的是，Ripple和SEC都没有计划挑战托雷斯法官2023年7月的裁决，该决定发现XRP的直接机构销售是未注册的证券，但是程序化销售和二级市场活动并不构成违反证券法的行为。

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.

该裁决被行业中的许多人视为波纹的部分胜利，也是其他代币发行人的重要先例，可能仍然是该案解决方案的基石。

What Happens Next In The Ripple Lawsuit

连续诉讼中接下来会发生什么

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

SEC已申请该案还押回地方法院，以最终确定当事方的未决和解。

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

该机构还在寻求托雷斯法官对其裁决的指导。具体而言，SEC对法官对：

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

1。是否应将案件返回地方法院进行行政关闭。

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

2。如果在此阶段对案件进行充分裁决，法院将如何裁决问题。

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

该请求在此案中向前迈出了一大步，这表明双方都达成了完整的协议。

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.

该案始于2020年12月，一直是加密货币行业的密切关注的案件。等待法官的下一步行动，该行业将密切关注该案件的结论以及它将对Metaverse的更广泛的监管格局产生什么影响。