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US Chamber of Commerce slams SEC's ‘haphazard’ regulation efforts

Published 05/11/2023, 10:08 PM
Updated 05/11/2023, 11:40 PM

The United States Chamber of Commerce has blasted the Securities and Exchange Commission (SEC) for its “haphazard, enforcement-based approach” to regulating the cryptocurrency industry on American soil.

In an amicus brief filed to the U.S. Court of Appeals on May 9, the U.S. Chamber of Commerce threw its full weight behind Coinbase (NASDAQ:COIN), accusing the SEC of deliberately creating a precarious and uncertain landscape for crypto companies operating in the country.

The Amicus (NASDAQ:FOLD) Curiae brief submitted by the Chamber of Commerce. Source: Chamber of Commerce.

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