There's a big difference between offshore crypto - where the name of the game was (apparently) to evade US KYC/AML & securities law, and domestic companies tryi

There's a big difference between offshore crypto - where the name of the game was (apparently) to evade US KYC/AML & securities law, and domestic companies trying to operate within the law. Binance, FTX, etc. are the former, and I'd say Coinbase is the latter... there's a big difference between wilful non-compliance, and disagreements between regulators and counsel at firms like Coinbase about interpretation of law. The fact that all of these regulatory actions are happening at once suggests that regulators either may not appreciate the difference or may not care, which is unfortunate.