There's some truth to that for sure.
What I liked about the approach here is that there was a greater degree of flexibility; smaller projects may be exempt if they don't try to promise the moon and deliver a rock.
The bar is set higher for Stables and asset-backed, because simply calling a token stable or asset-backed doesn't mean there is actually a real foundation underneath it, or those assets are actually being pulled away and used elsewhere, creating leverage for investors with no transparency or recourse (SBF)