SEC is not doing anything, all I see right now is the whales trying to usher in more ground for the institutional investors to get in, by scaring away the weak hands since that is what they have always wanted. So in a way, it will only take those with balls and the long term focus to not get shaken by some of the things being done by these people. Whichever way, I only see this avenue as the market trying to give a good chance to at least manage to get to pick bitcoin at a much lower price.
Even though there has been a lot of anticipation for a bull run before the end of the year, nothing is still impossible. We just wait and see.