[habitue]

I don't really have a horse in the race here, but I'll note that SEC commissioners are appointed by the president, so it's not surprising that they have different opinions if they're appointed by different parties. Gary Gensler is the chair right now, he is very anti-crypto. Hester Pierce is a republican and the republican-led SEC had a much more wait and see approach than Gensler does. (Arguably, you could say "we saw" after the latest crypto crash, but I still have a feeling they'd be less adventurous legally)