Crypto industry allies back Coinbase in accusing SEC of scaring businesses abroad with opaque rules

Coinbase and allies argue in court filings that SEC lacks clear crypto rules, causing businesses to flee abroad
Paradigm says SEC treats crypto like old financial system securities when it's different
Crypto Council for Innovation says lack of SEC guidance pushes companies to other countries
Groups including Chamber of Commerce and Texas Blockchain Council back Coinbase legal fight
SEC refuses industry input on crypto regulation, relies on lawsuits, contrary rulings, says advocates