I find it hard to believe that the heavyweight attorney that specializes in this SEC stuff can't make it happen or know the approach to making it a high probability. I'm sure she has had clients that work in key areas of the SEC and/or is on a first name basis w/ politicians that can properly lean on the needed personnel to lock this up. Furthermore, I'm sure major interest across wall street and the hedge fund scene want this type of thing up and running to put portions of their assets into it for an intense growth wing.
It's a big leap from just another stock though. There's a lot to teach and a lot of scepticism to overcome. She probably has to do as much educating as hustling and smoothing things over.
There's a lot to know and worry about going wrong in the eyes of someone who could approve it.