The United States Chamber of Commerce has criticized the Securities and Exchange Commission (SEC) for its inconsistent approach to regulating the cryptocurrency industry in the country. In a legal brief filed to the U.S. Court of Appeals, the Chamber of Commerce supported Coinbase and accused the SEC of creating an uncertain environment for crypto companies.

The Chamber of Commerce also called on the SEC to respond to Coinbase's complaint and provide clearer regulatory guidelines for crypto firms. The Chamber of Commerce highlighted the SEC's failure to provide a clear answer to which digital assets should be deemed securities under federal law, which could have significant implications for the industry.