Ultimately, this case is a vestige of an earlier era. While case law was once seen as a determinant of cryptocurrency tokens’ legal status, this may no longer be the case. The old rules were thrown out when Trump ascended to power again, and the new rules are yet to be written. The Ripple case will probably be dropped in the coming days as the SEC either works through its docket or the sides reach some agreement. Even if it continues to resolution, though, it is unlikely to impact enforcement over the next four years.