The point to consider is: Who cares if the SEC regulates cryptos or not?

Do we need them to evolve? Nope. Bitcoin was supposed to be able to transact without any institution, so fuck them, we don't need regulations.
The only ones interested are institutional investors and companies. A more clear framework and more chances they could be interested to enter the market (like how Microstrategy, Tesla, or some banks are doing). So far I'm not a company so I don't care.

I can already see someone replying to me "but it will encourage mass adoption!"
Not a valid argument because Bitcoin has been able to be adopted (step by step) without 'their rules'. We shouldn't accept them to tell us what to do or not! My money, not theirs. Our rules, not theirs. In other words, they're not welcome to the party.

By the way, the SEC approved an ETF (today or yesterday). Not yet the kind of ETF the bitcoiners would like to see but we can say it's the start.