OP might be falling into a wishful thinking fallacy, and assumes that with time there will be "progress", and somehow - even if it takes many false starts, and

OP might be falling into a wishful thinking fallacy, and assumes that with time there will be "progress", and somehow - even if it takes many false starts, and we have to go through fire and flames - but we'll end up with a better/great/fair world with a stronger/better/fair cryptocurrency ecosystem. Also it seems OP considers SEC part of the ecosystem that helps weeding out the scammers.