Chamber of Digital Commerce seeks to file amicus brief in SEC v. Kraken

According to official sources, the Chamber of Digital Commerce has filed a motion seeking to file an amicus brief in the ongoing SEC v. Payward, Inc. (Kraken) case. The case centers on the SEC's treatment of digital assets, which the chamber's brief argued is fundamentally flawed. The SEC’s move to classify all digital asset transactions as securities transactions not only misunderstands the law, but also poses a serious threat to the future of blockchain technology. The Chamber firmly believes that digital assets are not essentially “investment contracts” and should not be regulated in general terms.