I'm not sure the SEC clamping down on exchanges is the best way to go. I mean there are scam projects out there in the space, fleecing people of their hard earned money, they should beam their searchlight on those. I guess this like you've said will be the true test of ED as a DEX.
As a test, they have to check all of those exchanges first before going through those scam projects. Those projects won't even be sellable if there's no exchange to be listed.