Because before FTX, the political mood was laissez-faire. And now it is "bring me their heads". Say what you like about crypto, coinbase have been 200% upfron

Because before FTX, the political mood was laissez-faire. And now it is "bring me their heads". Say what you like about crypto, coinbase have been 200% upfront, honest and compliant in their businesses and the SEC were A-Ok with that until 1 month ago.