The U.S. Chamber of Commerce, one of the country's most influential business advocacy groups, is taking up the banner of digital asset critics of U.S. regulation and blasting the Securities and Exchange Commission's approach to ether, Coinbase, Kraken, and the broader digital asset industry.
In its own filing to the court in support of that suit, the Chamber argues that the lack of direct response from the SEC to Coinbase’s request “is causing substantial economic harm to both Coinbase and the broader business community.”
The Chamber also criticizes the commission’s enforcement action against Kraken’s staking-as-a-service business. The company settled and ended that business line in the U.S. Still; the Chamber criticized the action as emblematic of an aggressive SEC enforcement stance that could force more digital asset companies to end offerings in the U.S.
