Did the SEC ignore Coinbase?

Could you elaborate on the assertion that the SEC ignored Coinbase? Have there been specific instances where Coinbase's actions or compliance with regulations have been overlooked by the SEC? What are the potential consequences of such an oversight, if it indeed occurred? Additionally, how does Coinbase's relationship with the SEC compare to that of other cryptocurrency exchanges? And finally, what steps has Coinbase taken to ensure its compliance with relevant regulations and maintain a strong relationship with the SEC?