members of the USA government different in response to the crypto world, some members choose to make strict rules and some choose to support crypto, the SEC rejects the Bitcoin ETF but does not give a response to US lawmakers who have Bitcoin.
I think it's not objective, if the SEC wants to ban bitcoin ETF, I think the SEC must ban and confiscate bitcoin from every USA resident, including USA lawmakers.
because many from the USA lawmakers that have lots of Bitcoin.
From what i am read, SEC want to rescheduling ETF approval. I am optimistic ETF will be approved by regulator because many politician keep bitcoin as their investment. I think ETF approval just matter of time