Usually the SEC operates whitelisting mode where they maintain the list of securities which are blessed, but isn't it interesting that here they're taking a blacklisting approach?

The reason is they don't want to provide clarity, like Coinbase and many other haves been asking for. They want leverage to be able to control the narrative and play with centralized exchange rates.

The way to neutralize these silly games is to ignore CEX pricing and instead look to p2p and bespoke trades for the real exchange rates.

Of the many great things about Nostr one of the bast has to be the way says/zaps are almost never compared to CEX fiat value. Zaps live in this space between money and social proof where a new kind of value is arising.

Who knows, maybe this emergent value will grow in strength to overtake the "official" exchange rates. If that's the case it won't take any coordinated action. Like in hyper-inflated economies, sats-value will simply be the way things are.