The SEC's ongoing crackdown on the cryptocurrency industry, particularly targeting Ethereum and Consensys, continues to face significant backlash. Despite the hype, the SEC remains steadfast in its regulatory efforts, although a potential shift in political leadership with Trump’s win could impact its direction. Paul Grewal of Coinbase has voiced frustration with the SEC's enforcement approach, advocating for legislative-backed crypto rules to foster innovation. The Supreme Court's recent decisions and pushback from Congress and courts, including Gary Gensler’s crypto crackdown, suggest a potential turning point in the SEC's regulatory strategy. The crypto industry has been actively resisting SEC regulation, which has been described as aggressive in protecting investors and markets. Additionally, recent decisions could help crypto banks win key rights.