Other thing is that if SEC win I am worrying that the rule with more more countries because a lot of US rule also that been widely using by other country, and if this happen Crypto that supposed to decentralized will become centralized
We should worry about our own equivalence to SEC. EU has ESMA and just released new crypto-assets regulation, China has CSRC and so on...
I also don't really understand about china because they ban Bitcoin but HongKong is allowed crypto there and even regulated there and you might know that Hongkong is a special administrative region of China. and they even want to become a web3 hub for the Crypto Sector -
and other cases is Judge rules XRP is not a security in SEC's case against Ripple -