The SEC seems to bring about 2 or 3 crypto enforcement actions per month.[1] They're still working down the ICO backlog. Mostly they've been going after issuers and out and out theft.

After FTX, political support for crypto deregulation dropped to near zero. FTX, remember, was lobbying for a bill that would allow all the things for which Kraken is now in trouble. That is going absolutely nowhere now.

Also, the SEC, CFTC, and Main Justice now have their act together on cooperating to deal with crypto scams. There used to be jurisdictional issues. Now, it's just treated as crime.

[1] https://www.sec.gov/spotlight/cybersecurity-enforcement-acti...

They created a new enforcement division and doubled the number of positions working on crypto enforcement last year.

https://www.sec.gov/news/press-release/2022-78

The regime changed, so now they're punishing everyone who played ball with disruptive elements of the previous regime's economic plan.

Because the of political agenda of Elizabeth Warren and other Democrats who want to protect Wall Street establishment. Prior to this political agenda, the SEC did not care. Now is good time, because the SEC has the required political backing.

I guess they just never knew of them before now.