US Chamber of Commerce blasts SEC's approach to ether, Coinbase
The U.S. Chamber of Commerce, one of the most influential business advocacy groups in the country, is taking up the banner of digital asset critics of U.S. regulation, and blasting the Securities and Exchange Commission's approach to ether, Coinbase, Kraken and the broader digital asset industry. Coinbase filed a rare writ of mandamus lawsuit against the SEC last month following up on a request made last summer for new rulemaking specific to digital assets.
In its own filing to the court in support of that suit, the Chamber argues that the lack of direct response from the SEC to Coinbase’s request “is causing substantial economic harm to both Coinbase and the broader business community.” The Chamber also criticizes the commission’s enforcement action against Kraken’s staking-as-a-service business. The company settled and ended that business line in the U.S., but the Chamber criticized the action as emblematic of an aggressive SEC enforcement stance that could force more digital asset companies to end offerings in the U.S. The business group also blasts the uncertainty around ether, the second-largest cryptocurrency by market capitalization, and the major area around digital assets where SEC Chair Gary Gensler has taken a different tack from his predecessor.
Source
https://t.me/Crypto_Bitcoin_Blockchain
