The congressman said Judge Torres’ reasoning in the Ripple case ruling reflects a rigorous application of Howey, which the SEC has applied sloppily. In the wake of Judge Analisa Torres’ ruling in the Ripple lawsuit, US Congressman Ritchie Torres (NY-15) resumed his criticisms of the Securities and Exchange Commission (SEC) over its failure to provide The post US Congressman Applauds Ripple Victory, Says SEC Regulation by Enforcement had a Dreadful Day in Court first appeared on The Crypto Basic .