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Does the US Chamber of Commerce support Coinbase?

The US Chamber of Commerce has expressed its support for Coinbase in its legal battle with the SEC over its proposed lending product. The Chamber filed an amicus brief in which it criticized the SEC for its lack of clarity and consistency in regulating digital assets.

Is the SEC interested in addressing Coinbase's concerns?

The Chamber of Commerce wrote that the SEC has shown that it has no interest in addressing Coinbase’s concerns after Coinbase petitioned the commission last summer to give the digital asset sector a clearer idea of the regulatory approach.

Why did the US Chamber of Commerce file an amicus brief?

The U.S. Chamber of Commerce has filed an amicus brief to support Coinbase and the digital assets sector as the crypto exchange demands that the Securities and Exchange Commission (SEC) respond to its request for clarity on crypto asset regulation.

Can Coinbase defend itself in court?

At the time, a person with knowledge of the matter told Decrypt that the exchange was "confident" it could defend itself in court. Coinbase's chief legal officer Paul Grewal has since shared the exchange's response to SEC's "vague and broad" Wells notice in a blog post.

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