The communication between the parties is not clear and the competition is back and forth between the parties, and unfortunately it has a negative impact on the crypto market. I don't support anyone in this situation, but looking at the long-term I think this also needs to appear for the market to be stronger after various crashes. Both the SEC and CZ have their own arguments, from an investor perspective with crypto I can also feel people are afraid that binance might collapse after this event, but for me the optimism with the market This school is more, facing many serious situations in the past, I feel that everything will be better.
Yes you're on point the SEC is the government in disguise trying to control and ruin the crypto ecosystem, many people might think they're doing their job, maybe cause they didn't invest with the said exchanges attacked, but the question is after coinbase or binance, who's next? This question would hit hard when the exchanges they're trading with are being attacked by the SEC as well.
That's what I was thinking too, after the SEC handles Binance and Coinbase, who will be the next victim? We? That's what I fear, but many people gloat when the SEC hits centralized exchanges. Because they hate centralized exchanges, and they think they can borrow the SEC's hand to destroy all the CEXs they hate. But they despise the SEC because the SEC won't stop, and the next victim is none other than the entire market.