The U.S. Chamber of Commerce has criticized the Securities and Exchange Commission's (SEC) regulatory approach towards digital assets, siding with Coinbase and the crypto industry. The Chamber argued that the SEC's lack of a regulatory system for the industry subverts due process and inhibits growth. It also highlighted the SEC's inability to classify digital assets, citing Ethereum as an example. The Chamber concluded that digital assets are in need of rulemaking and the SEC's approach violates Constitutional Due Process and Fair Notice Rights.
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