The Block reports that Coinbase and other critics of American regulation  of the digital asset sector, notably about the position taken by the  U.S. Securities and Exchange Commission (SEC), have gained the support  of the important corporate lobby organization.

The United States Chamber of Commerce has criticized the Securities and  Exchange Commission (SEC) for its lack of clarification over whether  digital assets are considered securities under federal law.

According to a court petition by the Chamber, this problem has “immense  implications for every person involved in the $1 trillion digital-asset  economy.”

The SEC has reportedly declined to participate in any systematic  procedure or rulemaking to clarify what its asserted jurisdiction  entails, choosing instead to deliver sporadic enforcement actions and  public remarks.

The regulatory landscape for digital assets has become unstable and unpredictable.