XRP生态系统正在经历着重要的机构动力

XRP生态系统正经历着重要的机构势头，其中两个主要的发展定位了令牌和涟漪，该公司将其生态系统带到了人们的焦点。

The Chicago Mercantile Exchange (CME) has officially launched regulated XRP futures, marking a significant milestone in the cryptocurrency ecosystem.

芝加哥商业交易所（CME）已正式推出了受监管的XRP期货，标志着加密货币生态系统的重要里程碑。

The new products, unveiled on Monday, are part of CME Group's expanding cryptocurrency offerings. The futures contracts will be cash-settled and priced according to the CME CF XRP-Dollar Reference Rate, a benchmark established at 4:00 p.m. London time each day.

新产品于周一揭幕，是CME集团不断扩大的加密货币产品的一部分。期货合约将根据CME CF XRP-BORTAR参考率进行现金定价和定价，这是伦敦时间下午4:00建立的基准。

Two sizes of XRP futures will be available:

可以提供两种尺寸的XRP期货：

Both instruments are designed for institutional and professional traders, enabling them to hedge risk or take directional positions on XRP's price without holding the underlying asset. This distinguishes them from spot ETFs, which directly track the token's value.

这两种工具均设计为机构和专业交易者，使他们能够对冲风险或在XRP的价格上占据方向头寸，而无需持有基础资产。这将它们与Spot ETF区分开，该斑点ETF直接跟踪令牌的价值。

“Interest in XRP has steadily increased among our institutional clients, and more broadly, demand for regulated derivatives products across a wider range of tokens is growing,” said Giovanni Vicioso, CME’s Global Head of Cryptocurrency Products.

CME全球加密货币产品负责人Giovanni Vicioso表示：“对XRP的兴趣在我们的机构客户中稳步增长，更广泛地，对整个代币的受监管衍生品产品的需求正在增长。”

CME's move may also pave the way for a spot XRP ETF in the U.S., especially with SEC chair Gary Gensler's term nearing its end and the possibility of a new administration rolling in with a more favorable stance.

CME的举动也可能为在美国的现场XRP ETF铺平道路，尤其是SEC主席Gary Gensler的任期即将结束，并且有可能以更有利的立场进入新政府。

A recent report by Unchained Capital pointed towards a potential shift in the SEC's stance, highlighting that the agency is currently unable to approve an XRP ETF due to a lack of a "deep, liquid, and verifiable market in the U.S.,' which is a requirement for any ETF approval.

Unchained Capital的最新报告指出，由于缺乏“美国深层，液体和可验证的市场”，该机构目前无法批准该机构批准XRP ETF，这是对任何ETF批准的要求。

However, with CME launching a regulated XRP futures contract and its associated price reference rate, this requirement might now be met, paving the way for ETF issuers to apply for a spot XRP ETF.

但是，随着CME启动了受规范的XRP期货合约及其相关的价格参考率，现在可以满足此要求，为ETF发行人申请现场XRP ETF铺平了道路。

Issuers such as Franklin Templeton, 21Shares, and Bitwise are already positioning themselves for this opportunity.

富兰克林·邓普顿（Franklin Templeton），21shares和Bitwise等发行人已经为这个机会定位自己。

Earlier this year, the Issuer Applied for an ETF to Track the Cryptocurrency

今年早些时候，发行人申请了ETF来跟踪加密货币

Announced in March, Franklin Templeton is planning to apply for an ETF that will track the price of XRP, pending approval from the Securities and Exchange Commission (SEC). This move follows a series of applications from other companies for Bitcoin and Ethereum ETFs.

富兰克林·邓普顿（Franklin Templeton）于3月宣布，计划申请将跟踪XRP价格的ETF，待得到证券交易委员会（SEC）的批准。此举遵循其他公司对比特币和以太坊ETF的一系列应用程序。

Earlier this year, the Issuer Applied for an ETF to Track the Cryptocurrency

今年早些时候，发行人申请了ETF来跟踪加密货币

Announced in March, Franklin Templeton is planning to apply for an ETF that will be tracking the price of XRP, pending approval from the Securities and Exchange Commission (SEC). This move follows a series of applications from other companies for Bitcoin and Ethereum ETFs.

富兰克林·邓普顿（Franklin Templeton）于3月宣布，计划申请将跟踪XRP价格的ETF，待获得证券交易委员会（SEC）的批准。此举遵循其他公司对比特币和以太坊ETF的一系列应用程序。

"We are working on a filing for an XRP ETF, and we're waiting for the best time to submit the application," said a spokesperson for Franklin Templeton. "We're also in conversations with the SEC about the application process."

富兰克林·邓普顿（Franklin Templeton）的发言人说：“我们正在为XRP ETF提交文件，我们正在等待提交申请的最佳时间。” “我们也与SEC谈论申请过程。”

The potential launch of an XRP ETF is a significant development in the cryptocurrency industry. It could open up new avenues for institutional investors to gain exposure to the digital asset class.

XRP ETF的潜在推出是加密货币行业的重大发展。它可以为机构投资者提供新的途径，以获取数字资产类别。

"We think there's a place for both Bitcoin and XRP in a diversified portfolio of digital assets," said the Franklin Templeton spokesperson. "We're committed to providing our clients with innovative investment solutions, and we're excited about the possibilities that lie ahead in the cryptocurrency space."

富兰克林·邓普顿（Franklin Templeton）发言人说：“我们认为比特币和XRP在多元化的数字资产投资组合中都有一个地方。” “我们致力于为客户提供创新的投资解决方案，我们对加密货币领域的可能性感到兴奋。”

As the cryptocurrency market continues to grow and evolve, we can expect to see even more interesting and groundbreaking developments in the years to come.

随着加密货币市场的不断发展和发展，我们可以期望在未来几年看到更有趣和开创性的发展。

The DEFA will be holding an open comment period until August 18 for feedback on the proposed amendments to the rules.

DEFA将在8月18日之前举行公开评论期，以便对拟议的规则修正案进行反馈。

"We invite interested parties to submit their comments and help us shape the future of the digital asset industry in a safe and responsible manner," said DEFA officials in a statement.

Defa官员在一份声明中说：“我们邀请感兴趣的方提交他们的评论，并帮助我们以安全有负责任的方式塑造数字资产行业的未来。”

The proposed amendments would also create a new category of "digital asset service providers," which would be subject to less stringent regulation than traditional financial institutions. This category would include companies that provide cryptocurrency exchange services, custodial services, and mining services.

拟议的修正案还将创建一个新类别的“数字资产服务提供商”类别，而与传统金融机构相比，该类别的严格监管要少。此类别将包括提供加密货币交换服务，托管服务和采矿服务的公司。

The DEFA said the changes are necessary to keep pace with the rapid innovation in the digital asset space and to ensure that the industry is regulated in a way that balances innovation with investor protection.

DEFA表示，这些变化对于与数字资产空间的快速创新保持同步是必要的，并确保以平衡创新与投资者保护的方式进行监管。

"The digital asset industry is still in its early stages of development, and we need to be mindful of not stifling innovation with overly burdensome regulation," said DEFA Director Greg Gerven. "But at the same time, we have a responsibility to protect investors from fraud and abuse."

DEFA董事Greg Gerven说：“数字资产行业仍处于发展的早期阶段，我们需要注意不要以过于繁重的监管来扼杀创新。” “但是与此同时，我们有责任保护投资者免受欺诈和虐待。”

The proposed amendments have been met with mixed reactions from industry stakeholders. Some groups have praised the DEFA for trying to keep pace with the rapidly changing industry, while others have argued that the amendments do not go far enough.

拟议的修正案与行业利益相关者的反应混合了反应。一些团体称赞Defa试图与快速变化的行业保持同步，而另一些团体则认为这些修正案还不够远。

"We are pleased to see that the DEFA is proposing to amend its rules to take into account the unique characteristics of the digital asset industry," said Paul Atkins, the chair of the SEC. "These amendments are a step in the right direction, but more needs to be done to ensure that the digital asset markets are regulated in a way that balances innovation with investor protection."

SEC主席保罗·阿特金斯（Paul Atkins）表示：“我们很高兴看到DEFA提议修改其规则，以考虑数字资产行业的独特特征。” “这些修正案是朝着正确方向迈出的一步，但是需要做更多的修正案，以确保数字资产市场的监管方式与投资者的保护相平衡。”

Atkins, a known crypto ally, joined the SEC in June after being appointed by President Trump in 2017 to serve as a

已知的加密裔盟友阿特金斯（Atkins）于2017年被特朗普总统任命为6月加入SEC