SEC is not created STO but SEC just release regulation frame work for that, It's a lot of number but the strict regulation in USA was creating a very bad situation for them all. Just try to hope there will be a market that will be free from manupulation that makes SEC can approve it.
If you hoping the crypto market is free of manipulation, I don't think the SEC will ever accept Crypto, because in my opinion the crypto world will continue to be manipulated by the big players