Senator Cynthia Lummis has taken a firm stance against the U.S. Securities and Exchange Commission's (SEC) approach to crypto regulation, calling it 'un-American'. In a recently submitted legal brief, Lummis lends her support to Coinbase, challenging what she perceives as the SEC's overreach in its crypto crackdown.
The senator argues that the SEC's stringent measures could stifle innovation and harm the United States' position in the evolving global digital economy. By backing Coinbase, Lummis highlights the importance of clear and fair regulatory frameworks for the crypto industry.
