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According to Coinbase CEO Brian Armstrong, the SEC requested the exchange to halt trading in all cryptocurrencies except bitcoin before filing a lawsuit against the platform in June.
“We really didn’t have a choice at that point. Delisting every asset other than bitcoin, which, by the way, is not what the law says, would have essentially meant the end of the crypto industry in the US,” said Armstrong. 
Coinbase CEO Brian Armstrong has recently deleted a substantial number of his tweets from the years 2015 to 2018. Additionally, the digital archive of the World Wide Web, known as the WayBackMachine, has also removed its archive of his tweets.
These tweets from that period covered a range of topics, including Brian expressing his support for increasing Bitcoin’s block size, referring to altcoins as distractions, discussing “replay attacks” on Coinbase, highlighting Ethereum’s price surge after its listing on Coinbase, questioning the full collateralization of Tether, and endorsing USDC, among other things.
As a result of the deletions, these tweets now only exist in the form of screenshots that were captured and shared by others during that time. 
Brian Armstrong: 8 Regions Set to Lead Crypto, Excluding the US
Brian Armstrong recently put forth his perspective on the future of the cryptocurrency market. America's position as a world leader in finance and innovation is in jeopardy. The reason is straightforward: a failure to understand that cryptocurrencies represent much more than just individual transactions. Legal Battle Looms for Coinbase Execs
A Coinbase investor has lodged a stockholder derivative lawsuit against several of the firm's top executives and board members, including CEO Brian Armstrong and prominent venture capitalists. The lawsuit alleges that these individuals reaped financial benefits from insider information during Coinbase's public listing. 
A billion crypto users in the next few decades
The Coinbase Co-Founder and Chief Executive Officer Brian Armstrong predicts a substantial increase in cryptocurrency users within the next few decades. The 5 times increase which could potentially reach one billion users could happen in the next 10-20 years. 
Brian Armstrong has publicly urged US residents to actively support the 21st Century Financial Innovation and Technology Bill, which promises to bring much-needed clarity to cryptocurrency regulation.
Armstrong emphasized that it is ordinary Americans who can have a decisive impact on the outcome of the vote by sending an email to their representatives asking them to support the bill.
In a more detailed statement, Coinbase added that the bill, in addition to protecting consumer rights and enhancing national security, has the potential to spur job creation in the US. 
Coinbase CEO: SEC's Tone Started to Change in the Past Year
Following the SEC lawsuit, Coinbase's CEO Brian Armstrong has offered his first interview to Bloomberg. In this conversation, Armstrong outlines his views on the legal proceedings and forecasts how the trial could influence the wider cryptocurrency market. Coinbase CEO: US Market, We're Not Leaving You
In a recent Q1 earnings call, Coinbase CEO Brian Armstrong wanted to make it crystal clear that the crypto exchange is "100% committed" to the US market, despite the not-so-clear regulatory landscape. Armstrong is optimistic about Congress soon passing crypto regulations, as bipartisan support seems to be the new trend. 
Yesterday, an investor filed a lawsuit in Delaware Chancery Court, accusing Coinbase's board members, including Chairman and CEO Brian Armstrong, of selling $2.9 billion in stock during the company's public listing two years ago. The lawsuit claims that the board later revealed "material, negative information" that severely impacted market optimism.
In a separate legal issue, another lawsuit was filed in San Francisco on the same day, alleging that Coinbase violated Illinois' biometric privacy law. The complaint asserts that the company collected customer data without obtaining proper consent beforehand.
As Coinbase faces these dual legal challenges, it seems the company is in for a tumultuous ride. It remains to be seen whether these lawsuits are simply part of a fear, uncertainty, and doubt (FUD) storm brewing on the horizon, or if they represent more substantial concerns for the cryptocurrency giant. 
