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Perianne Boring, founder of the Chamber of Digital Commerce, one of the top lobbyists for the cryptocurrency industry, said the lawsuits the SEC filed against Binance and Coinbase are “arbitrary and capricious” and “the SEC's vigorous enforcement in this space is politically motivated, opening up legal risk against SEC."
SEC lawsuits against cryptocurrency companies raise questions about industry's future →
“Because there are no standards, many businesses are hesitant to touch cryptocurrency," said Boring, whose group has spent nearly $2 million lobbying the federal government.
Crypto comes to Washington. Will the millions buy influence? →
