Chamber Of Digital Commerce Advocates for Dismissal of SEC Lawsuit Against Binance

By Insa Monroe Oct 21, 202358Views

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The Chamber of Digital Commerce, based in the US, has joined forces with Binance, the world’s largest crypto exchange, in its efforts to dismiss a lawsuit filed by the US Securities and Exchange Commission (SEC). In an amicus brief submitted on October 19, the Chamber argued that the SEC’s strategy of regulating through enforcement is hindering market growth and causing digital asset innovation to move overseas. The Chamber also questioned the SEC’s authority and suggested that courts should seek clear guidance from Congress instead of deferring to the regulator. It warned that the US is falling behind other countries in the blockchain space due to the SEC’s actions, which could result in innovative technologies being inaccessible to US users.

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Insa Monroe

Insa's extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa's specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.