The only way the US government can effectively enforce their regulations is to kill the exchanges and then try to make sure that organic trade can't happen. How else can they exert control over something like Monero except attempt to kill it? What is option B? It is not hyperbole to observe the obvious; something has to give.

It is notable that the crimes here are victimless. I don't recall if I have ever bought anything on Coinbase; but the VIOLATIONS section of the complaint isn't accusing them of anything I care about in my capacity as a crypto trader.