In a controversial move, New York's financial regulator has excluded major cryptocurrencies XRP and Dogecoin from its approved "Greenlist" of virtual currencies, prompting concerns among investors and analysts over the implications for the crypto market.

紐約金融監管機構將主要加密貨幣 XRP 和狗狗幣排除在其批准的虛擬貨幣「綠名單」之外，此舉引發爭議，引發投資者和分析師對其對加密市場影響的擔憂。

This shock decision by the New York State Department of Financial Services (NYDFS) has sparked heated debate regarding the utility and legitimacy of XRP and DOGE, while also raising questions about which cryptocurrencies investors should favor going forward. With the crypto market in flux, NYDFS' stance could significantly impact asset values and shake confidence in decentralized finance.

紐約州金融服務部 (NYDFS) 的這一令人震驚的決定引發了有關 XRP 和 DOGE 的實用性和合法性的激烈爭論，同時也引發了投資者未來應該青睞哪種加密貨幣的疑問。隨著加密貨幣市場的不斷變化，NYDFS 的立場可能會嚴重影響資產價值並動搖人們對去中心化金融的信心。

In this article we'll break down the news, provide expert reactions, look at how the decentralized Bitcoin model could empower investors, predict market moves, draw historical parallels, and answer key questions on investors' minds right now.

在本文中，我們將詳細分析新聞，提供專家的反應，看看去中心化的比特幣模型如何為投資者提供支持，預測市場走勢，繪製歷史相似之處，並回答投資者目前的關鍵問題。

Regulator Deems XRP and DOGE Unfit for Greenlist

監管機構認為 XRP 和 DOGE 不適合列入綠名單

On September 19th the NYDFS excluded XRP and Dogecoin from its Greenlist of approved virtual currencies, which subjects listed cryptocurrencies to more stringent oversight. According to the NYDFS, XRP and DOGE failed to meet the necessary criteria for inclusion.

9 月 19 日，NYDFS 將 XRP 和狗狗幣從其批准的虛擬貨幣綠名單中排除，這使得列出的加密貨幣受到更嚴格的監管。根據 NYDFS 的說法，XRP 和 DOGE 未能滿足納入的必要標準。

This surprise regulatory move caught investors off-guard, raising concerns regarding XRP's ongoing legal battle with the SEC and uncertainty around DOGE's utility beyond meme-culture popularity.

這一出人意料的監管舉措讓投資者措手不及，引發了人們對 XRP 與 SEC 正在進行的法律鬥爭的擔憂，以及 DOGE 在迷因文化流行之外的效用的不確定性。

What This Means for Investors and the Market

這對投資者和市場意味著什麼

The implications of exclusion from the Greenlist are two-fold. Firstly, XRP and DOGE now face higher regulatory barriers for integration by New York-based service providers. Secondly, the move signals to the broader market that these assets don't meet sufficient standards in the eyes of regulators.

被排除在綠名單之外的影響有兩個面向。首先，XRP 和 DOGE 現在在紐約服務提供者的整合方面面臨更高的監管障礙。其次，此舉向更廣泛的市場發出訊號，顯示這些資產在監管機構眼中不符合足夠的標準。

According to crypto analyst Amin Lalji, "This NYDFS decision will likely deter major institutional investors and service providers from expanding support for XRP and DOGE. It's a reputational blow that could negatively impact their market valuation and standing."

加密貨幣分析師Amin Lalji 表示，「NYDFS 的這項決定可能會阻止主要機構投資者和服務提供者擴大對XRP 和DOGE 的支持。這是一個聲譽打擊，可能會對他們的市場估值和地位產生負面影響。”

A Case for Bitcoin's Decentralized Model

比特幣去中心化模式的案例

The crypto market volatility and regulatory uncertainty prompted by the Greenlist decision lends further credibility to Bitcoin's decentralized model.

綠名單決定引發的加密市場波動和監管不確定性進一步增強了比特幣去中心化模式的可信度。

As an asset independent from government oversight, Bitcoin empowers investors to participate freely in the crypto market unencumbered by regulatory shifts. Its censorship-resistant blockchain architecture provides assurance of transaction validity and network security enforceable by code alone.

作為一種獨立於政府監管的資產，比特幣使投資者能夠自由參與加密貨幣市場，不受監管變化的影響。其抗審查的區塊鏈架構提供了僅透過程式碼即可強制執行的交易有效性和網路安全性的保證。

As crypto thought leader Michael Wu notes, "Bitcoin's decentralized properties allow it to maintain value integrity even amidst regulatory turbulence impacting more centralized assets like XRP and DOGE. This is a paradigm shift that regulators are struggling to grasp."

正如加密貨幣思想領袖Michael Wu 所指出的那樣，「比特幣的去中心化特性使其能夠在監管動盪影響XRP 和DOGE 等更中心化資產的情況下保持價值完整性。這是監管機構正在努力掌握的範式轉移。”

Price Volatility Expected for XRP and DOGE

XRP 和 DOGE 預期價格波動

Based on market reactions to prior regulatory announcements, analysts predict heightened short-term volatility for the prices of both XRP and DOGE leading into early October.

根據市場對先前監管公告的反應，分析師預測 XRP 和 DOGE 價格的短期波動將在 10 月初加劇。

"With uncertainty swirling around these assets, investors will likely sell holdings in DOGE and XRP to shift towards greener pastures, driving prices down initially," predicts crypto trading analyst Talal Mohamed.

加密貨幣交易分析師塔拉爾·穆罕默德(Talal Mohamed) 預測，「由於這些資產存在不確定性，投資者可能會出售所持有的DOGE 和XRP，轉向更有利的方向，從而首先推動價格下跌。 」

"However, this could prompt bargain hunting that recovers some losses if doubt regarding long-term viability subsides."

“然而，如果對長期生存能力的懷疑消退，這可能會促使逢低吸納，從而彌補一些損失。”

Historical Echoes of Regimented Finance

管制金融的歷史迴響

The NYDFS' regulatory muscle-flexing echos similar heavy-handed financial regulatory moves made throughout modern history.

紐約金融服務部的監理力量與近代史上類似的嚴格金融監理措施相呼應。

In the early 2000's China cracked down on pop culture and so-called "vulgar" forms of media by banning cultural imports that didn't align with party ideology. Likewise, New York's banning of XRP and DOGE exhibits a financial regulator shunning assets deemed culturally uncouth.

2000年初，中國透過禁止不符合黨意識形態的文化進口來打擊流行文化和所謂的「低俗」媒體形式。同樣，紐約對 XRP 和 DOGE 的禁令表明金融監管機構正在迴避被認為在文化上不文明的資產。

Even further back, medieval European rulers would often alter coin metal compositions to shore up monetary control. Today regulators use regulatory lists rather than metal purity to maintain dominion over financial systems.

更早以前，中世紀的歐洲統治者經常改變硬幣的金屬成分以加強貨幣控制。如今，監管機構使用監管清單而不是金屬純度來維持對金融體系的主導地位。

Can XRP and DOGE Recover from Exclusion?

XRP和DOGE能否從排除中恢復過來？

The path forward for XRP and DOGE remains murky following exclusion from NYDFS' Greenlist. While far from a death knell, the regulator's cold shoulder puts their mainstream viability at risk.

在被 NYDFS 綠名單排除後，XRP 和 DOGE 的前進道路仍然不明朗。儘管遠未敲響喪鐘，但監管機構的冷遇卻使其主流生存能力面臨風險。

For XRP, its ongoing legal battle with the SEC continues to hamper adoption efforts. Settlement of this lawsuit would help resolve questions about its status as a security versus a functional currency. If classified as a security, XRP would become wrapped in even more red tape.

對於 XRP 來說，其與 SEC 正在進行的法律鬥爭繼續阻礙其採用努力。該訴訟的和解將有助於解決有關其作為證券與功能貨幣的地位的問題。如果被歸類為證券，XRP 將受到更多繁文縟節的束縛。

DOGE appears to face less existential risk, but still needs to evolve beyond its "memecoin" status. Network upgrades enabling smart contract functionality could help DOGE move towards more practical use cases besides speculation and tipping on social media.

DOGE 面臨的生存風險似乎較小，但仍需要超越其「迷因幣」地位。除了社群媒體上的猜測和打賞之外，支援智慧合約功能的網路升級可以幫助 DOGE 走向更實際的用例。

Will VC Spectra Emerge as a Top Choice for Investors?

VC Spectra 會成為投資者的首選嗎？

As XRP and DOGE falter, VC Spectra (SPCT) stands out as an increasingly attractive option for investors seeking reduced regulatory risk and real-world utility.

隨著 XRP 和 DOGE 的衰退，對於尋求降低監管風險和現實世界效用的投資者來說，VC Spectra (SPCT) 脫穎而出，成為越來越有吸引力的選擇。

SPCT's innovative blockchain treasury and deflationary tokenomics offer long-term value potential that may withstand regulatory scrutiny better than Dogecoin's meme roots or XRP's opaque status.

SPCT 的創新區塊鏈金庫和通貨緊縮代幣經濟提供了長期價值潛力，可能比狗狗幣的迷因根源或 XRP 的不透明狀態更能經受監管審查。

With SPCT already delivering over 300% returns in its ongoing presale, its impressive performance and reg-compliant design positions it as a smarter green alternative to XRP and DOGE. Investors may flock to this emergent leader amidst the latest crypto market shifts.

SPCT 在正在進行的預售中已經提供了超過 300% 的回報，其令人印象深刻的性能和符合法規的設計使其成為 XRP 和 DOGE 的更聰明的綠色替代品。在最新的加密市場變化中，投資者可能會湧向這位新興的領導者。