The cryptocurrency industry is actively fighting back against what it perceives as excessive regulatory measures by the U.S. government, particularly actions taken by the Securities and Exchange Commission (SEC) under the Biden administration. This counteroffensive includes legal actions and public appeals to limit the SEC's influence over the $2 trillion digital asset sector. Key industry players and organizations, such as the Digital Chamber, have filed briefs in support of companies like Ripple, Coinbase, and Binance US, challenging the SEC's authority. Concurrently, the House Financial Services Committee has made a significant move by voting in favor of a resolution that aims to overturn an SEC guideline, which currently prevents banks from providing cryptocurrency custody services. This series of events underscores a growing movement within the crypto industry to assert its interests against regulatory pressures.
SEC Faces Mounting Pressure from Lawmakers to Back Off Crypto Industry ► https://t.co/MxSR9GTVbk https://t.co/MxSR9GTVbk
The House Financial Services Committee voted on a resolution to nullify an SEC guideline hindering banks from offering cryptocurrency custody services https://t.co/jd4OjA9Czi
UPDATE: HOUSE FINANCIAL SERVICES COMMITTEE VOTES IN FAVOR OF RESOLUTION TO OVERTURN SEC GUIDELINE BLOCKING BANKS FROM ENTERING #CRYPTO CUSTODY
Nice piece by @EleanorTerrett Crypto industry fights back against government crackdown | Fox Business https://t.co/6NF0qScdv8
Our industry stands united to fight gov't overreach in Congress, Courts, and beyond! "While we persist in our efforts to collaborate with lawmakers, the crypto industry must also navigate the present landscape. We are pursuing legal avenues to ensure our voice is heard and our… https://t.co/dtVmhoZuXO
❖ CRYPTO INDUSTRY FIGHTS BACK AGAINST GOVERNMENT CRACKDOWN The crypto industry has mounted a legal counteroffensive against U.S. regulators to fight what it sees as a government-wide attempt by the Biden administration to quash the $2 trillion digital asset industry, FOX…
Crypto Industry Fights Back Against Government Crackdown - Fox https://t.co/ngxdha3Abz
🚨NEW from me: Crypto industry fights back against government crackdown I take an in-depth look at crypto’s legal offensive against govt. agencies. It’s quite a movement when you break it all down! @iampaulgrewal @MetaLawMan @Marc_Fagel @taylorjbarr https://t.co/n6KlDTmNc7
At @DigitalChamber will continue to pushback against the SEC's overreach of the #digitalasset industry. As we did in our briefs supporting @Ripple @coinbase and @BinanceUS , we call for the Courts to limit the SEC's overreach. https://t.co/QYQd0vg4CA https://t.co/mxWtjCaGm4