24/7 Cryptocurrency News

Can Coinbase Drag US SEC To Provide Clear Crypto Rules After This?

The U.S. Chamber of Commerce has submitted Amicus Brief in support of Coinbase's writ of Mandamus against the SEC.
Published by
Can Coinbase Drag US SEC To Provide Clear Crypto Rules After This?

Coinbase News: Coinbase Global Inc (NASDAQ: COIN), the U.S. biggest crypto exchange has gained the support of the U.S. Chamber of Commerce in the fight to gain regulatory clarity from the Securities and Exchange Commission (SEC).

Also Read: CZ Seeking To Dump Binance.US Stakes Amid CFTC Probe

Advertisement

Coinbase Gains Upper Hand Against US SEC

As per the court filings, the U.S. Chamber of Commerce has submitted Amicus Brief in support of Coinbase’s writ of Mandamus against the SEC. The group has called out the SEC for acting “unlawfully” in the digital asset ecosystem.

This filing becomes important a the U.S. Chamber of Commerce claims to be the world’s largest business federation. It approximately represents 300k direct members, while it indirectly represents the interests of over 3 million businesses and professionals.

The filings mentioned the chamber’s members hold a strong interest in regulatory clarity around the crypto. However, its several members are companies that are subject to U.S Securities laws that may be affected by the commission’s ongoing approach to the crypto market.

Also Read: GALA To Go Against Coinbase After PEPE Community?

The Chamber had raised three very important arguments in the brief. First, it mentioned that Regulatory uncertainty is killing innovation in the country. Second, the SEC is destabilizing the digital assets regulatory environment. Third, the watchdog is SEC is violating Constitutional Due Process and Fair Notice rights.

However, the Chamber in a statement declared that the SEC’s actions are not harmful policy, they are unlawful and the consequence of the commission’s regular delay are severe that reason too.

It mentioned that the Coinbase petition filed back in July 2022 to initiate a rulemaking around crypto assets securities has gone unaddressed. The SEC has expressed no interest to answer the request. Meanwhile, the commission’s chair asserted that the laws are unambiguous as applied blockchain based digital assets.

Also Read: Ripple Exec Bids For EU’s MiCA Amid US SEC Crackdown; Ripple Moving Out?

Advertisement

Share
Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at ashish@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

ASTER to Launch Phase 2 Airdrop on October 10 as Open Interest Tops $5B in Two Weeks

ASTER has announced that the roadmap for its second airdrop phase is set to begin…

October 5, 2025
  • 24/7 Cryptocurrency News

El Salvador’s Bitcoin Holdings Hit $475M Profit as BTC Becomes World’s 7th Largest Asset

El Salvador is now sitting on $482 million in unrealized gains in its Bitcoin holdings.…

October 5, 2025
  • Bitcoin News

Breaking: Bitcoin Hits New ATH Above $125k as ‘Uptober’ Kicks Off in Full Force

The Bitcoin price has hit a new all-time high, after staging a monstrous rally since…

October 5, 2025
  • Bitcoin News

99.3% of Bitcoin Supply in Profit, Analyst Warns of Short-Term Correction

Bitcoin (BTC) is in profit on almost all of its supply, leading to discussion by…

October 5, 2025
  • 24/7 Cryptocurrency News

Pro-Crypto Mike Selig Emerges As CFTC Chair Frontrunner, Gains Ripple CLO’s Endorsement

Pro-crypto Mike Selig is reportedly the frontrunner to become the next chair of the U.S.…

October 4, 2025
  • 24/7 Cryptocurrency News

‘Every Crypto ETF You Can Imagine’: Expert Predicts Flurry of Filings After REX-Osprey’s 21 Applications

Nate Geraci, president of Novadius Wealth Management, has predicted that several crypto ETF filings could…

October 4, 2025