The Securities and Exchange Commission (SEC) is facing criticism from the United States Chamber of Commerce over its lack of clarity regarding which digital assets are securities under federal law. This issue has “immense implications for every person involved in the $1 trillion digital-asset economy,” a court filing by the Chamber states. According to the filing, the SEC has refused to engage in any systematic process or rulemaking to explain what its claimed authority means, instead offering one-off enforcement actions and public speeches. This has created regulatory uncertainty and destabilized…
Read MoreSEC Slammed By U.S. Chamber Of Commerce For Regulatory Approach To Cryptocurrencies In Coinbase Filing
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