Will the SEC tame Binance & Coinbase?

Could you please elaborate on the likelihood of the SEC successfully reigning in Binance and Coinbase? Given the complexities of the cryptocurrency landscape and the regulatory challenges involved, what strategies might the SEC employ to achieve this? Are there any precedents or cases that could offer insights into how the SEC might approach these two major players in the crypto market? Additionally, how do you assess the potential impact of such regulatory actions on the broader cryptocurrency ecosystem? Would it result in increased stability or could it potentially stifle innovation in the sector? Thank you for your insights.