The US-based Digital Chamber of Commerce reacted to the regulator by intervening in the SEC-Binance case.
Binance, the world’s largest cryptocurrency exchange, launched at the end of last year. cryptocurrency And blockchain He joined the Digital Chamber of Commerce to find solutions to the problems in his sectors.
Chamber of Digital Commerce, US Securities and Exchange Commission (SEC) Binance And To CEO Chanpeng Zhao (CZ) He opposed the lawsuit he filed on the grounds that it violated US securities rules. According to an “Amicus brief” recently filed with the court for the case, the US lobby group argued that the SEC could not regulate the cryptocurrency industry without authorization from the government. his work And stop the current order aims.
Amicus brief is about a specific issue. expressing the opinion of third parties It means petition.
Digital Chamber of Commerce official Cody Carbone made the following statements in his statement:
Instead of providing guidance, the SEC is trying to regulate the entire cryptocurrency market. It causes the market to be disrupted and this innovation to escape to other countries.
lobby group, SEC’s innovation He claimed that it prevented companies from going abroad. The Digital Chamber of Commerce also emphasized that the SEC had not received authorization from the US government for such a major regulation and said it posed a risk to people involved in the industry.