I don't think much will change. Thus, the state will only tighten control over cryptocurrencies and computers. But these new rules will not protect companies from collapse or failure. Unfortunately, this does not depend on the rules.
But this is just my opinion. The authorities know what they are doing, after all.
Yes, I also think that SEC will not have enough resources for all crypto projects, but they will make a lot of noise and make many people very nervous. The mass adoption of stablecoins is still very far away, I think 3-5 years, but for now it is necessary to reduce the growing number of stablecoins.