David Einhorn criticized the SEC for not adequately policing bad corporate behavior, highlighting cases like Celsius, Genesis, DCG, and FTX, and accused the SEC of unfairly targeting the crypto industry. Meanwhile, the SEC's crypto and cyber litigation unit leader, involved in the Ripple & Coinbase suit, resigned to join White & Case legal firm after being involved in lawsuits against digital asset companies. Additionally, the Crypto Freedom Alliance of Texas filed a lawsuit against the SEC, accusing it of overreach on digital assets and seeking a declaration that crypto assets traded on secondary markets are not securities. This lawsuit is significant as it involves Paul Clement, a former US Solicitor General, indicating the seriousness of the challenge against the SEC's stance on crypto.