If the SEC stands in the way of CMKM today I would predict additional lawsuits against other brokers that would eventually lead back to the SEC.
Why? The SEC stopped Urbie's scam with reasonable speed. The brokerages don't come into it. They have NO way of knowing whether a company is selling unregistered stock or not.
That ain't gonna happen. CMKX may trade again, but only if Tyler can raise enough money to start a real company, and only if that company turns out to be a success.