This does not come from enforcement, suing companies to comply with laws that were written almost 100 years ago.
The funny thing about the laws written 100 years ago is that they prove that crypto businesses were in fact obeying the law. It was the SEC that was being unlawful the entire time, using the old laws as an excuse to regulate by enforcement and refuse to provide clarity.
Gensler made it obvious that it was nothing more than a hit on the industry. Couple that with Operation Choke Point 2.0 and we see where the administration stood. It didnt matter what the law said, they were intent on killing crypto if they could.
They couldnt.