Binance.US, a cryptocurrency exchange, has received support from the US Chamber of Digital Commerce in its ongoing lawsuit against the US Securities and Exchange Commission (SEC). The lobbying group argues that the SEC’s claims against Binance.US are misplaced and that its actions are driving cryptocurrency businesses away from the US due to a hostile regulatory environment. The SEC has launched enforcement actions against several crypto firms, including Kraken, Coinbase, and Binance, accusing them of offering unregistered securities products. However, industry leaders argue that there are no clear rules on how crypto interacts with securities law and that the SEC is overstepping its authority. The Chamber of Digital Commerce likens the SEC’s mistake to accusing a grocery store of violating securities law by selling fruit. Ripple, another cryptocurrency firm, made a similar argument in its case against the SEC, with the court ruling against the agency and the SEC subsequently dropping all charges against Ripple..
#Binance.US #Unexpected #Ally #Fight #SEC
#Binance.US #Unexpected #Ally #Fight #SEC
