People tend to think of government departments in the wrong light, while they supposedly have no "economic incentive" in their positions, the reality is all government departments are fighting for more power(jurisdiction). More jurisdiction results in increased budgets and increased budgets relate to larger salaries. It is 100% in the SEC's interest to be pro-crypto.
Very interesting argument. I had to read that twice to get it, but I see your point. They expand their authority by admitting more asset classes into instruments they are responsible for.
That's right!