[kobasa]

"They said the action itself is illegal and they're beginning their enforcement actions at Coinbase" - they said no such thing, stop guessing out of your backside to try to strengthen phantom arguments.

[arcticbull]

Uh... "I'm going to sue you" -> "they are saying the action is illegal"

Suing Coinbase first -> "beginning their enforcement actions at Coinbase"

Which exactly fantom argument is 'the first page of the Securities Act of 1933'?

Do I know for a fact they're going to go after everyone else? No, I don't work there, time will tell.