Ripple的XRP：在监管障碍的筹款挫折

由于对XRP销售的法律限制，Ripple面临筹款挑战，即使它导致监管转变和市场动态。

Ripple's journey in the crypto space hasn't been without its bumps. Amidst regulatory shifts and market fluctuations, the firm is currently navigating a fundraising landscape complicated by legal constraints on XRP sales.

Ripple在加密货币空间中的旅程并非没有颠簸。在监管转变和市场波动中，该公司目前正在浏览筹款环境，这是由于XRP销售的法律限制而复杂的。

Court Injunction: A Fundraising Roadblock

法院禁令：筹款障碍

A standing court injunction, stemming from a 2023 ruling, restricts Ripple from selling XRP to institutional investors unless it complies with securities regulations. This ruling, a consequence of past XRP sales breaching U.S. securities laws, acts as a significant barrier as Ripple explores new funding avenues.

由2023年的裁决造成的常设法院禁令将波纹限制在将XRP出售给机构投资者的情况下，除非它符合证券法规。这项裁决是过去XRP销售违反美国证券法的结果，就像Ripple探索新的资金途径一样，是一个重大障碍。

Ripple's legal team argues that this injunction hinders their ability to engage in standard private fundraising practices, disrupting capital inflow and impeding corporate growth. They maintain that these restrictions place Ripple at a structural disadvantage in the competitive digital asset arena.

Ripple的法律团队认为，该禁令阻碍了他们从事标准私人筹款行为，破坏资本流入和阻碍公司增长的能力。他们坚持认为，这些限制使波纹处于竞争性数字资产领域的结构性劣势。

Seeking Solutions: A Joint Motion

寻求解决方案：联合动议

In response, Ripple and the SEC have jointly filed a motion requesting the court to lift the injunction and consider other case modifications. This move is aimed at resolving the legal dispute without resorting to appeals, which both parties are keen to avoid. The urgency behind this motion underscores the importance of restoring Ripple's financial flexibility.

作为回应，Ripple和SEC共同提出了一项动议，要求法院解除禁令并考虑其他案件修改。此举旨在解决法律纠纷，而无需诉诸上诉，双方都渴望避免。这项动议的紧迫性强调了恢复波纹财务灵活性的重要性。

Expert Opinions: The Impact of the Injunction

专家意见：禁令的影响

Former SEC attorney Marc Fagel believes the injunction weakens Ripple's capacity to attract institutional investors for private offerings. He argues that any XRP sale under these terms now carries significant legal uncertainty, deterring investor participation. According to Fagel, continued enforcement will hinder Ripple's capital development initiatives.

前SEC律师Marc Fagel认为该禁令削弱了Ripple吸引机构投资者私人产品的能力。他认为，根据这些条款的任何XRP销售现在都具有严重的法律不确定性，阻止了投资者的参与。根据Fagel的说法，继续执行将阻碍Ripple的资本发展计划。

Lifting the injunction, in Fagel's view, is essential for Ripple to resume standard business operations involving institutional transactions. Without this relief, Ripple cannot offer XRP in private placements without legal risk. This condition affects not only Ripple's fundraising but also its business relationships.

在法格尔（Fagel）看来，解除禁令对于波格尔（Ripple）恢复涉及机构交易的标准业务运营至关重要。没有这种救济，波纹就无法在没有法律风险的情况下提供XRP。这种情况不仅会影响Ripple的筹款活动，而且会影响其业务关系。

Ripple's Response: RLUSD Stablecoin and Strategic Moves

Ripple的回应：RLUSD Stablecoin和战略举动

Despite these challenges, Ripple isn't standing still. The company has introduced RLUSD, a dollar-pegged stablecoin, fully backed by cash and cash equivalents under New York DFS supervision. Alchemy Pay has integrated RLUSD into its global on-ramp, enabling users in 173 countries to purchase the stablecoin using various payment methods.

尽管面临这些挑战，但Ripple并没有静止。该公司推出了RLUSD，这是一款以美元固定的Stablecoin，在纽约DFS监督下完全支持现金和现金等价物。 Alchemy Pay已将RLUSD集成到其全球坡道中，使173个国家 /地区的用户能够使用各种付款方式购买Stablecoin。

This move aims to solve crypto's "real money in, real money out" problem, providing merchants, exchanges, and DeFi apps with a dollar they can settle quickly and redeem easily. It also offers institutions a regulator-friendly token and retail users a seamless buying experience.

此举旨在解决加密货币的“真实资金，真实的钱”问题，为商人，交流和Fefi应用程序提供一美元，他们可以轻松解决。它还为机构提供了适合监管机构的代币和零售用户的无缝购买体验。

Navigating Market Dynamics and Regulatory Shifts

导航市场动态和监管转变

Recently, Ripple moved 200 million XRP to an unknown wallet, sparking speculation about the reasons behind the move. This transfer coincided with a broader crypto market selloff, during which XRP price lost over 3%.

最近，Ripple将2亿XRP转移到了一个未知的钱包上，引发了人们对此举背后的原因的猜测。这种转会恰逢更广泛的加密货币市场抛售，在此期间，XRP价格跌幅超过3％。

However, Ripple CEO Brad Garlinghouse lauded the U.S. Senate's passage of the GENIUS Act Stablecoin bill, calling it a "historic moment" for the crypto sector. This legislation marks a breakthrough in crypto regulation, providing clear guidelines that the industry has long demanded.

然而，Ripple首席执行官布拉德·加林豪斯（Brad Garlinghouse）赞扬美国参议院通过《天才法案》（Stablecoin Bill）法案的通过，称其为加密货币部门的“历史性时刻”。这项立法标志着加密法规的突破，提供了长期以来要求该行业的明确指南。

The Road Ahead

前面的道路

So, what's next for Ripple? The court's decision on the joint motion will be crucial in determining the company's future fundraising capabilities. Meanwhile, Ripple continues to innovate and adapt, exploring new avenues like RLUSD and navigating the evolving regulatory landscape.

那么，波纹的下一步是什么？法院对联合动议的决定对于确定公司未来的筹款能力至关重要。同时，Ripple继续进行创新和适应，探索诸如RLUSD之类的新途径，并导航不断发展的监管格局。

While the fundraising setback is a challenge, Ripple's resilience and strategic initiatives suggest that they're not backing down anytime soon. It's like they say in New York, if you can make it there, you can make it anywhere. And Ripple seems determined to make it in the crypto world, one way or another!

尽管筹款挫折是一个挑战，但Ripple的韧性和战略计划表明，他们不会很快退缩。就像他们在纽约所说的那样，如果您可以在那里做到，您可以在任何地方制作。 Ripple似乎决心在加密世界中以一种或另一种方式做到这一点！