The SEC takes the ridiculous position that most cryptocurrencies are securities. In no other country on earth are they considered securities.
As such, the SEC has been on a 2+ year vendetta against Ripple and their XRP Token. This is just another attempted power grab by the feds. They want to clear the way for their CBDC by wiping out as many crypto currencies as they possibly can. It is vital that they lose this case and it appears extremely likely they will.
You mean they didn’t aks the right qweshions?