Ripple Chief Legal Officer: SEC and Tornado Cash Judgment Shows Regulators Don't Make Laws

Stuart Alderoty, Ripple's chief legal officer, said there was a common theme in this week's federal court ruling against the Securities Exchange Commission's (SEC) dealer rule and the Treasury Department's decision to sanction Tornado Cash: Regulators don't make laws, they just enforce them. If they want more power, only Congress can grant it.