Ripple Chief Legal Officer: US SEC and Tornado Cash case rulings show that regulators do not make laws
Ripple's Chief Legal Officer Stuart Alderoty said that the federal court's rejection of the Securities and Exchange Commission's (SEC) trader rules and rejection of the Treasury Department's sanctions on Tornado Cash have a common theme: regulators do not make laws, they only enforce legal provisions. If they want more power, only Congress can grant it.
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