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The SEC should admit the secret it isn’t saying out loud to the court and everyone watching the case. The test used in SEC v. Howey is typically used by the SEC to sue hucksters, Ponzi schemers and other con men who sell fake securities. The Howey test is a way to stop them, not a means to facilitate registration with the SEC.
The SEC Is Treating Ripple Like a Ponzi Schemer, Not a Shaper of Money’s Future
The Securities and Exchange Commission’s (SEC) case against Ripple, the largest case it has brought against a defendant working in the crypto industry to date, has been heating up this
China’s digital yuan stands out in cross-border pilot in a show of global ambition
China’s digital yuan took the centre stage in the world’s largest cross-border central bank digital currency (CBDC) trial to date, a report showed, pointing to how Beijing is speeding up yuan globalization efforts amid rising geopolitical tensions.

Gensler is not impressing Demcrats nor Republicans

Opinion | Gary Gensler’s Bad Performance Review
The SEC Chair’s furious rule-making pace is damaging the agency.
SEC watchdog: Staff worried about workload under Gensler
The agency’s attrition rate jumped to an estimated 6.4 percent in 2022 — the highest in a decade.
Senate Dems press SEC chair to slow Wall Street rules
A dozen Senate Democrats asked Gary Gensler to give corporate America and the broader public more time to weigh in on the raft of rules the agency is proposing.

Ripple Strikes Back – SEC WARS – T-shirt

The SEC dropped a lawsuit at the end of 2020 alleging that Ripple sold XRP as an unregistered security. Ripple Strikes Back. Game on Bitchez.

Get This T-Shirt