There has to be an ulterior motive. Nobody is this fucking stupid. It sure feels to me that this is the ultimate magic trick. They are waving their hand all over the place, focusing the attention on these obviously bs lawsuits. Meanwhile, their other hand is somewhere else doing something nobody sees or to which no one pays attention.
It wouldn't surprise me to see someone like Sen. Warren come charging in at some point with a "White Knight" bill that either creates a new agency that will truly be evil, or tries to pass some sort of legislation that will "protect" the people while actually trying to curtail even more of our freedoms.
This definitely bears watching. Like I said, they're making the SEC out to be incompetent and power-hungry. Sure feels intentional to me. There has to be a reason and I'm pretty sure we're not going to like it.
Best case scenario it's just a delay tactic is Gensler scrambles to give Wall Street as much entrance liquidity as possible. Hopefully it's not more sinister than that but you never know with these people. Sen Warren can eat rocks :D