Coinbase is a crap, so is SEC. Let's enjoy this like a gang war where one wants to take over the other, no matter what it costs.
Gensler had left behind the idea of going behind Bitcoin or any shitcoin, he is now employing his dirty mind behind exchanges and after milking huge amounts from Binance, he wants to milk coinbase. Gosh! This is going ti be interesting because Coinbase is listed on the US stock market and I think Gensler would not gain much fighting with Armstrong. He is strong, he is Armstrong.