The SEC seems to bring about 2 or 3 crypto enforcement actions per month.[1]
They're still working down the ICO backlog. Mostly they've been going after issuers and out and out theft.
After FTX, political support for crypto deregulation dropped to near zero. FTX, remember, was lobbying for a bill that would allow all the things for which Kraken is now in trouble. That is going absolutely nowhere now.
Also, the SEC, CFTC, and Main Justice now have their act together on cooperating to deal with crypto scams. There used to be jurisdictional issues. Now, it's just treated as crime.
You're not wrong (and I upvoted you because your comment doesn't deserve to be so negative), but I don't think the previous regime was all that friendly toward crypto either...
Because the of political agenda of Elizabeth Warren and other Democrats who want to protect Wall Street establishment. Prior to this political agenda, the SEC did not care. Now is good time, because the SEC has the required political backing.
After FTX, political support for crypto deregulation dropped to near zero. FTX, remember, was lobbying for a bill that would allow all the things for which Kraken is now in trouble. That is going absolutely nowhere now.
Also, the SEC, CFTC, and Main Justice now have their act together on cooperating to deal with crypto scams. There used to be jurisdictional issues. Now, it's just treated as crime.
[1] https://www.sec.gov/spotlight/cybersecurity-enforcement-acti...