Lessons for everybody.
Crypto ain't going away. Get used to it, BTC-only people. There is enough capital in the world to be shared by the King BTC with the underlings. Their success does not impinge upon BTC's. Don't be sour little bitches and remember that BTC is the best - sooner or later everybody sees it and their money flows into it.
And even if the authoritarian, corrupt bankster cronycapitalists in Washington managed to win the Ripple case and later on designate "everything" as securities, which they will continue to fail to achieve, crypto ain't going away. Not the top ones - the Ethereums, Ripples, Cardanos, Polygon, Solana, Polkadot... Not even the Doges, the Shibas.
This puts the hardcore "let's destroy it" wing of the System in a more precarious position...
So be ready for the other wing, the "let's coopt it" led by Blackrocks, the Coinbases... yes, the Ripples too... "regulation is needed", "compliance is the only way"... and their ilk to hit even harder.
And they all know, because this is THE SYSTEM itself, the smart money, that this crypto thing is really about BTC. They will go after it even harder now.