Why does the Chamber of Commerce support Coinbase vs SEC?

In the amicus brief filed in the case of Coinbase vs. SEC, the Chamber of Commerce said that it supports Coinbase as it seeks to get regulatory clarity on what a security is in the eyes of the SEC.

Is sec'refusal' to respond to Coinbase harmful?

Directly addressing this point, the Chamber of Commerce claimed that SEC’s “refusal” to respond to Coinbase or “otherwise engage in any rulemaking” isn’t just harmful; it is in fact,unlawful. “The SEC’s actions are not just harmful policy; they are unlawful; and the consequences of the SEC’s continued delay are severe for that reason too."

Why did the SEC issue a Wells notice to Coinbase?

The SEC issued a Wells notice to Coinbase in March, alleging that the exchange violated laws around its spot market, staking service, Coinbase Prime and Coinbase Wallet. The SEC was given 10 days to respond to Coinbase on May 4. The Chamber of Commerce did not immediately respond to a request for comment.

Does Coinbase global Clam Up and hunker down?

When the Securities and Exchange Commission comes knocking, most companies clam up and hunker down, but that's not the way Coinbase Global is doing it.