Ontario Securities Commission and the British Columbia Securities Commission are more or less the same as US SEC, if I'm not mistaken. So, this is a good example for SEC on how to deal with technologies of the future. You can't either ignore them or reject them continuously because with this kind of behavior you may find yourself stuck in the past to such a degree that no one respects you anymore.
If that is the case, then the SEC in the US should learn from their Canadian counterpart.