Posted 3/19/2024, 1:41:00 PM
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
