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International Business Times
International Business Times
Business
Marvie Basilan

Crypto Group, US Chamber Of Commerce Back Coinbase Call For Clear SEC Crypto Rules

SEC Coinbase Crypto United States Cynthia Lummis CCI CFTC Lawsuit USCC
People watch as the logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron at Times Square in New York, U.S., April 14, 2021. (Credit: Reuters / Shannon Stapleton)

KEY POINTS

  • The CCI blasted the regulator for depriving market players of 'fair notice as to what is permissible'
  • The USCC said the SEC was ignoring 'regulatory uncertainty' that comes with its enforcement-first approach
  • Sen. Lummis of Wyoming previously called out the regulator for its 'out of step' actions toward the crypto industry

Cryptocurrency and lobbying groups have filed amicus briefs to support crypto exchange platform Coinbase in its call for the U.S. Securities and Exchange (SEC) to provide clear rules for crypto-related businesses.

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