The US Chamber of Commerce has come out in support of Coinbase, blasting the SEC for failing to regulate digital assets and intentionally creating “chaos” for crypto firms in the United States.
from the SEC in March concerning the exchange’s “potential violation” of U.S. securities law.
Directly addressing this point, the Chamber of Commerce claimed that SEC’s “refusal” to respond to Coinbase or “otherwise engage in any rulemaking” isn’t just harmful, they are in fact, unlawful. The Chamber of Commerce also called out the financial regulator for failing to provide a clear answer to the question of which, if any, of theCoinbase legal chief sends letter to SEC on RIA rulemaking
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