American Chamber of Digital Commerce: Filed amicus brief in support of Coinbase

Odaily Planet Daily News The American Digital Chamber of Commerce tweeted that it has submitted a friend of the court statement in court to support Coinbase in the US SEC case against Coinbase. Its goal is to end the SEC's actions to regulate the digital asset industry without legislative authority. Enforcement alone is not enough, the association said. While Congress is working on solutions, the SEC's aggressive approach has stifled innovation. Fair regulation can create opportunities for economic growth, job creation and financial inclusion. Congress did not authorize the SEC to regulate all digital assets as securities. The SEC’s regulation through enforcement actions has raised constitutional concerns, putting the U.S. digital asset industry and its stakeholders at risk.