I am still waiting on the effect, that one would expect, with the revelation that Tether was exposed for not having any where near the amount of cash to cover their stable coin, in a New York court. Didn’t a lot of Bitcoin and Eth get purchase using Tether?
XRP is a currency/utility token… Other agencies in the USA who are not the SEC also agree that XRP is not a security, for example FinCen and CFTC amongst others.
For the SEC, this is simply a power grab.
In the rebuttal to Vitalik Deaton rightfully tears Vitalik to shreds.