If the previous ETF applications were rejected due to market manipulation concerns, why would they approve it in the coming weeks with no regulation clarity?

The title really, i'm struggling to understand what's changed since these concerns were raised. If anything it's gotten worse since these applications were made, ftx, luna etc. What are the odds this is a trap deriving from the fake etf tweet? I see a lot of dormant influencers i forgot i even subscribed to during the 2021 run popping out of the woodwork to say we are going to the moon but i'm vary wary of buying anything now since all it it takes is a signal that the ETF will be significantly delayed for us to flop back to support levels.

I hate the SEC as much as the next person, but realistically speaking would it not be irresponsible for them to approve this spot ETF in a matter of weeks with the markets still in such an infant state?