SEC’s Strong-Arm Demand To Coinbase: A Potential Market Crash Or Boon For Bitcoin?

In the wake of the U.S. Securities and Exchange Commission’s (SEC) directive to Coinbase (NASDAQ: COIN) to halt trading on all cryptocurrencies except Bitcoin(CRYPTO: BTC), industry experts argue that these actions could violate the financial watchdog’s mission of protecting investors and potentially trigger a market crash. Experts also highlight the potential long-term benefits of Bitcoin and call for regulatory clarity to prevent businesses from moving outside the U.S. The SEC instructed Coinbase to halt trading on all cryptocurrencies except Bitcoin, prior to initiating legal action against…

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