Is the SEC cracking down on Coinbase?

The financial world has been abuzz with speculation regarding the Securities and Exchange Commission's (SEC) potential crackdown on Coinbase, a leading cryptocurrency exchange. Could the SEC be tightening its grip on Coinbase due to concerns over compliance with securities laws? Is Coinbase's business model, which facilitates the trading of digital assets, falling under the SEC's regulatory purview? Are there any indications that the SEC is preparing to take enforcement action against Coinbase? Investors and market observers alike are eager to know if the SEC is indeed cracking down on Coinbase and what potential implications this could have for the cryptocurrency industry.