I have been following the SEC vs Ripple case since I became interested in cryptocurrency earlier this year. I wanted to know why the SEC was going after Ripple. I still do not have a great grasp on the reasoning behind the SEC going after them.

According to the founder of Cardano, Charles Hoskinson believes a decision https://bitcoinist.com/ripple-sec-to-settle-on-this-date-cardano-founder/ on the case will be made on 12-15-2022. 

The general question at hand appears to be whether a cryptocurrency is a Security or Commodity. If the case is settled or if it determines that cryptocurrencies are securities, this will have a significant and immediate impact on the entire world of cryptocurrencies. Personally, I am thinking about selling everything I have invested in cryptocurrency prior to the SEC decision.  However, I am not likely to do so because I believe in the long term viability of the cryptocurrencies I bought.   I don't believe in panic buying or selling. However, the second the decision on Ripple is made, I believe the market will immediately pivot. I am hoping it pivots towards the bulls, but have a feeling it will pivot towards the bears.

I cannot predict the future. However, I think regulation in the long run is good for cryptocurrency. I personally believe cryptocurrencies are more like commodities than securities. The basic definition of a commodity is something that can be bought, exchanged, or traded. A security is generally "a financial asset or instrument that has value and can be bought, sold, or traded" retrieved from https://www.thestreet.com/dictionary/s/security.  I draw the distinction due to the fact that cryptocurrencies are not a financial assets per se. Commodities do have value like securities, but are not a financial asset. You need a financial asset to buy commodities such as the USD.  Maybe I am wrong, and many cryptocurrencies will be identified as securities. However, generally Bitcoin appears to be classified as a commodity. To me, Bitcoin is the closest cryptocurrency to a financial asset as you can get in cryptocurrency. It has little to no other value other than a financial asset. Ethereum and Cardano have something tangible other than being a financial asset.  They offer many things and are a platform for growth, this is what (at least I am buying) investing in. A you can buy into commodities and make a profit even though you may technically be buying cattle.  You buy the asset and the profit or loss is due to the value of said asset.

In a few years we will look back on the day the Ripple case ends as a pivotal day in the history of cryptocurrency.

I know crypto-enthusiasts are passionate about this topic. I would love to hear your comments.