Does the US Chamber of Commerce support Coinbase?

The US Chamber of Commerce has expressed its support for Coinbase in its legal battle with the SEC over its proposed lending product. The Chamber filed an amicus brief in which it criticized the SEC for its lack of clarity and consistency in regulating digital assets.

Why did Coinbase not respond to the SEC?

Coinbase filed a petition in July 2022 asking the SEC to propose and adopt rules for digital assets. By not responding to Coinbase, the Chamber said the SEC is “substantial economic harm.” “Industry confusion about the rules—and whether they can even be satisfied—hampers innovation,” the Chamber said.

What happens if I Lose my Coinbase Commerce key?

One of the most often referred-to benefits of cryptocurrency is its security. However, it comes at a cost: If you lose your key, you can't reset your account. And if someone steals your key, they can empty your account quickly and anonymously. Coinbase Commerce also relies on seed phrase recovery to secure transactions.

Does Coinbase commerce use seed phrase recovery?

Coinbase Commerce also relies on seed phrase recovery to secure transactions. Seed phrases are a list of words that store all the information you need to recover cryptocurrency funds on-chain. They are a common feature in many crypto wallets, and you can even buy seed phrase keepers that etch your seed phrase into a physical metal wallet.