Maybe the SEC will be able to lay out in court that they have been very busy with their investigation since 2019 (the date they are alleging is the latest Coinbase started trading securities).
I doubt it - but even if so, that's just not good enough.
Crypto sceptics generally agree that the SEC has been asleep at the wheel. What they aren't willing to acknowledge is that there are basic, non-crypto-related due process concerns with a regulator who lets a company operate, very publically and thus with its tacit approval, for basically a decade (that is how hold this debate around securities law is) - before then deciding they don't like it after all.
I’m sorry but your third paragraph doesn’t make any sense. I can’t engage with anything like that. You seem to be arguing against the investigative process and unless you’re an actual investigator, I just don’t believe you’re qualified.
And investigations obviously take time. We don’t want a securities regulator who blindly files lawsuits against public companies.
Sorry but your arguments aren’t very convincing and I really dislike crypto.