You nailed it.
I am more worried about these so called experts to harm Bitcoin then anything else. Every now and then you will see new experts are introducing them in social media (youTube, Facebook) and trying to make money with their BS. Funny thing is that people do fall for them.
The difference with this statement is that it's a real live commissioner.
However 'eventually' could mean a century. I find it very pathetic when Bitcoin fans imagine there's some sort of SEC conspiracy against them. The simple fact is that the markets are shit and crooked filled with crooked shits.
There's zero reason for the SEC to lower their standards. The crypto market needs to become less disgusting and the door looks like it's open when that happens. It's down to us, not Them.