The regulatory landscape in the United States for cryptocurrencies is evolving, with SEC Chair Gary Gensler asserting that every crypto is a security except for Bitcoin. However, lawyers disagree on this classification. The SEC has limited resources to pursue lawsuits against the thousands of cryptocurrency assets in existence. The outcome of the SEC’s case against Ripple will set a legal precedent for future crypto cases. The US government has not banned Bitcoin because they don’t know how to enforce it effectively. There is a push for strong crypto regulation rather than an outright ban from figures like US Treasury Secretary Janet Yellen and the International Monetary Fund.