Genlser was sent to protect big bank profits in foreign exchange dealings. https://financefeeds.com/sec-v-ripple-next-court-decision-critical-settlement-complete-victory/
What a victory that will be if Ripple wins the case. And I don't mean just from the perspective of XRP being able to continue without being deemed a security. That's great news for sure but the fact that a small group of individuals can stand up to the SEC, and say "No you're wrong, and we're going to prove it." sends a strong signal that government can't just steamroll any business they want using whatever justification they create out of thin air.
That is the way of Fabian Socialist. The most well known proponent was Obama. You don't use violent means but nationalize slowly through rules and regulations which force private companies to follow your policy goals, Obama wanted to achieve that with the health industry Then at some point the private companies gives up because of lack of profitability and sell out to the government. https://www.forbes.com/2008/11/03/obama-fabian-socialist-oped-cx_jb_1103bowyer.html?sh=cdf8897317cd