head says that it is about developers in the middle, regardless of whether or not the token is on thousands of computers.
That's not what the Supreme Court is looking at. It's not about the token being on a thousand computers. It's about the group of developers in the middle. Earlier this month, Alderoty criticized the SEC for its alleged attempt to orchestrate a"political power grab" with its approach to cryptocurrencies after Gensler dismissed the idea that crypto requires specific rulemaking.
Ripple has been at loggerheads with the SEC for years after the company was sued for violating securities laws with its XRP sales.
Source: Financial Digest (financialdigest.net)
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