Chamber of Commerce Says “The SEC’s actions are not just harmful policy; they are unlawful.”
The Breakdown
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The SEC's Failure to Respond to Coinbase's Petition for Rulemaking Is Causing Tangible Harm to a Major American Industry
Crypto Council for Innovation and U.S. Chamber of Commerce filed amicus brief in the case. They say SEC's failure to respond is causing tangible harm to a major American industry. The share of global blockchain developers in the U.S., has dropped from 40% to 29%. "Regulatory clarity is necessary to allow the US to recapture its position," they said.
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