The rust project has a governance rule that the core team and the moderation team may disband themselves and the other team. The SC either does not understand why this rule exists or thinks themselves to have better judgement than the rust project.
I will defer to the mass resignation of core maintainers of the past two years due to the poor decisions of basically exactly the same people as the SC members who admitted to being the problem above as to whether they actually have better judgement than the rust project.