[JumpCrisscross]

> unless Congress were to pass a law to grant more authority, the SEC would have almost no ability to regulate cryptocurrency as they would have no ability to define cryptocurrency as a form of "security"

This is a fringe theory no administrative lawyer backs. Neither, based on crypto’s lobbying of the Congress, do those with influence in crypto.

Ripple’s case is narrow. This legal theory sounds like it’s being pitched by someone making a “times are about to change” pitch.