The post Digital Chamber Supports Binance to Dismiss SEC Lawsuit! appeared first on Coinpedia Fintech News

The Chamber of Digital Commerce has filed an amicus brief in support of Binance, Binance.US, and CEO Changpeng “CZ” Zhao to dismiss the US Securities and Exchange Commission’s (SEC) lawsuit against the company. The leading blockchain trade association aims to end the SEC’s attempt to regulate the cryptocurrency industry without authority from Congress and to stop its regulation through an enforcement approach. The SEC’s actions put the industry and its stakeholders at risk and forced crypto firms to move overseas. The chamber argues that the SEC’s approach stifles innovation and penalizes crypto businesses.

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