The legal battle between Ripple and SEC will change the nature of
crypto regulations.
CFTC regulations are currently the basis for regulating virtual
currencies, which are less heavy-handed than SEC’s rules. SEC’s
victory means they’d have regulatory oversight over many of the
virtual currencies being traded today, which can stifle blockchain
technology development.
On the other hand, Ripple winning would mean that CFTC’s lighter
regulations would likely apply, and blockchain technology would be
free to develop further.