There are laws, the SEC can’t make things illegal and to enforce the laws it has to take things to court. The laws don’t explicitly say “cryptocurrency is ille

There are laws, the SEC can’t make things illegal and to enforce the laws it has to take things to court. The laws don’t explicitly say “cryptocurrency is illegal”, instead they are effectively duck-typed, which is good because it stops “oh but my thing is different, this time we’re using bottle-caps”.