Ripple Chief Legal Officer: The latest rulings in the SEC and Tornado Cash cases show that regulators do not make laws, they are only enforcers

Odaily News Ripple Chief Legal Officer Stuart Alderoty said in a post on X: "This week, a federal court rejected the US SEC dealer rule and ruled that the Treasury Department sanctioned Tornado Cash smart contracts for violating the law. These two things have a common theme: regulators do not make laws, they just enforce the law. If they want more power, only Congress can give it."