US Chamber of Commerce Criticizes SEC's Handling of Crypto Regulation

The US Chamber of Commerce has filed an amicus brief in support of Coinbase, accusing the SEC of creating a precarious and uncertain landscape for crypto companies operating in the US. The Chamber of Commerce also pressed the SEC to promptly respond to Coinbase's complaint seeking clearer regulatory guidelines for crypto firms operating in the country. The Chamber of Commerce claimed that SEC's "refusal" to respond to Coinbase or "otherwise engage in any rulemaking" isn't just harmful; it is in fact, unlawful.