"My reading says the latter."
Mine, too. Tell me what happens when technology advances somewhat and the armed forces and police have rayguns - do we have to continue to make due with only glorified pellet guns? By that logic, we should be stuck with late 18th Century muskets (and the Press with nothing but the primitive movable type machines. No TV, no radio, no faxes, no email - nothing would be protected.
“If ray guns are outlawed, only outlaws will have ray guns!”
Right, Bender2?