Most of the legal folks I’ve spoken with were of the opinion that the @SECGov would try to favorably settle cases with #crypto firms, instead of outright dismissing, as a way of “justifying” spending millions of tax payer dollars and saving a little bit of face. @MarkUyedaUS and @HesterPeirce really told @coinbase sorry for the inconvenience, you’re free to go. As we say in the UK — a real kick in the teeth to Gensler and the Biden SEC’s regulation by enforcement regime.