We should not be sad to see Coinbase going this way....they have been a US government puppet since the start and they are just like the many other companies in the US doing the exact same thing.
A while ago, I thought Ripple would have been the GovCoin, but I was clearly wrong, and now I see that ETH will be the official GovCoin backed by Coinbase. People should have expected this from a
US based service.. We have seen many others doing the same thing.. Xapo / Circle etc. Get ready to be manipulated.