I think that the SEC have been having a bad rep about bein an anti Crypto currency entity and all that jazz. But i believe that the SEC is just protecting people from fraudulent transactions and investments that caused the mortage crash of 2008. Then again, i hope that I'm telling you is true and that is their goal.
I think what ever SEC is doing , it is betterment for the crypto. If the crypto is regulated every where, it will be much better and more people and institute will then invest in it. I hope next year will be much better year for digital currencies.