Binance.US, a cryptocurrency exchange, has received support from the US Chamber of Digital Commerce in its ongoing legal battle against the US Securities and Exchange Commission (SEC). The lobbying group argues that the SEC’s claims are misplaced and that its actions are driving crypto businesses away from the US. The SEC has faced criticism for its “regulation by enforcement” approach, which industry leaders believe creates a hostile environment for crypto companies. The agency has taken enforcement actions against several major crypto firms, including Kraken, Coinbase, and Binance. Critics argue that the SEC’s complaints often revolve around unregistered securities, such as stablecoins and crypto assets, and that there is a lack of clear rules on how crypto interacts with securities law. The Chamber of Digital Commerce likens the SEC’s accusations to accusing a grocery store of violating securities law by selling fruit. Ripple, another crypto company, has made a similar argument in its case against the SEC, which resulted in the agency dropping all charges.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	None
Companies	Ripple, U.S. Securities and Exchange Commission (SEC), Nexo, Kraken, US Chamber of Digital Commerce, Binance.US, Coinbase
Currencies	Solana, Polygon, Cardano, BNB, BUSD
Securities	ADA, SOL, MATIC, BNB, BUSD