An SEC suspension for anything other than delinquent filings by an SEC registrant automatically results in an SEC investigation. That alone results in disqualification for FINRA to process any corporation action.
Including an R/M.
Crypto was suspended for fraud. Allowing them to perform a reverse merger would just allow them to continue to perpetrate any fraud for which they are currently being investigated!
Which is why they are not allowed to do so while the SEC investigation is underway.