The SEC and those who support its approach are likely concerned that this no-good, very bad day becomes no-good, very bad days. A string of court losses with similar legal reasoning as yesterday’s ruling in the Ripple case would weaken anti-crypto Democrats’ negotiating hand further. One takes this risk when placing all their betting chips on a novel legal strategy. When you lose, you lose significantly, and the other side of the debate understands that your negotiating leverage worsens by the day.
Source: https://www.coindesk.com/consensus-magazine/2023/07/14/could-the-ripple-ruling-spell-the-end-of-regulation-by-enforcement/?utm_medium=referral&utm_source=rss&utm_campaign=headlines