if coinbase have done fractional reserve on their fiat dollar deposits/holdings by buying low interest bonds to secure the 90% of fiat that never moves out of their accounts(as other banks have done before) then coinbase could be in trouble trying to cash out those bonds if the rate increases and new bonds have a higher interest(no one wants cheap interest bonds(as silicon valley bank learned the hard way))
if this happens this could send people on a 'bank run' of crypto, trying to escape coinbase if there is no fiat withdrawal ability.. causing a bitcoin market rise of people trying to buy crypto to withdraw and leave coinbase
..and if coinbase have been double spending the crypto reserves in their custody, then this can cause double chaos
Yes that's the plan of trump and others (until police military and goverment officials are strong nothing changes and people will be always forced to obey )
But we can't blame on coinbase and bigger guys you been told many times your crypto assets are only secure on non custodial wallets same as in banks or crypto exchangers it's not yours we all been told that many times when we sign up the contract with banks or exchangers we agree the terms and conditions.
Also all the financial playground it's not our "House" we are like the visitors/guests we don't make the rules If we don't like we can not take part of it just but If we chooose to take part well then we better know the rules.
Nothing is forced to us people are just lazy to move their Brain cells and they choose most easy options also If you don't like the country politics and way the things are don't pay taxes move to another country taxes are not forced nothing is forced people are just use to with that always someone need to lead them or direct and that's the poor people mentality.