Gladius team turned themselves in for not registering properly as a security.

In exchange, the SEC gave them leniency and did not assess the same level of penalties they would’ve.However they did order them to hold a refund round for investors and provide a way for investors to request their original ETH back. And they were obligated to do that. But the SEC apparently doesn’t bother enforcing its own judgments. And instead spent the next year and a half granting them extensions.

What do you think?