Also, like anything they are going to go for low hanging fruit and try to get the most bag for their buck. Consider, for a moment, just how many shitcoins run on Etheruem.. Mother asshole indeed.
If Gensler goes after .eth, a big chunk of the so called alts are gone as well. Panic ensues, we stack cheap sats, and later all that value which was tied up in .eth's dingleberries flows back to us.