🚀 SEC in the "Ripple" hot seat! After a disastrous day in court, New York Rep. Ritchie Torres calls for a crypto regulation reality check 🔍 in a letter to SEC Chair Gary Gensler.

- Torres urges the SEC to focus on "bonafide bad actors" instead of treating most crypto assets as securities 🎭

- The XRP court ruling has thrown a wrench in the SEC's case against Coinbase 🔄

- Will the "Torres Doctrine" save the day? Or will Gensler take a stand? 🤔

Stay tuned as we keep an eye on this crypto regulatory rollercoaster! 🎢