Considering that most of the harm in this sector is based on bad actors exploiting an absence of regulation, I think there should be a sense of urgency here. If you look at the shocking lack of controls at FTX, or the fantasy mechanics of Luna, or the sketchy lending and ToS at Celsius, you see a bunch of scammers taking advantage of the refusal to regulate. Just doing random enforcement turns it into a game of whack-a-mole. SEC is hoping crypto just goes away, because, I would imagine, their masters have no interest in competition on financial infrastructure. The silly debate painting an entire technology as a scam is a useful way of diverting attention from the interests being protected. Hint: they are not the interests of consumers.