Coinbase CEO Discloses SEC’s Request Halting Trading on Anything But Bitcoin

In a recent interview with the Financial Times, Coinbase CEO Brian Armstrong made a startling claim regarding the company's battle with the SEC. According to Armstrong, the agency ordered Coinbase to halt all non-bitcoin related business activities. This move is seen as a significant blow to the cryptocurrency exchange, as it has been actively expanding into other digital assets in recent years. The order highlights the ongoing regulatory challenges faced by Coinbase and other players in the crypto industry, as they navigate a complex and uncertain regulatory landscape. With the future of cryptocurrencies hanging in the balance, the outcome of Coinbase's clash with the SEC could have far-reaching implications for the entire industry.