The SEC needs to stop putting stones in the path of cryptocurrency. We know they are only acting in favor of the banks, which desperately are trying to hang on to the old system of money. If they had any sense they would change their business model to update it for the future version of currency, which is decentralized. That is what scares them the most. Losing control over other people's money.
It seems as of late after trump is pushing the SEC to do rate cut the SEC has been quite lenient on crypto sector in general.
I've seen US based crypto project starting to create their own token which in the past was considered a security.
This can be very interesting moving forward since US can be dominating crypto sector further.