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Chamber-Amicus-Brief-BinanceUS.pdf

🔗 Source: digitalchamber.wpenginepowered.com

📊 Size: 269 KB

👤 Author: 506291

⬇️ Downloads: 153

Summary

The Chamber of Digital Commerce filed an amicus brief in support of Binance Holdings Limited, BAM Trading Services Inc., BAM Management US Holdings, Inc., and Changpeng Zhao's motion to dismiss a case brought by the Securities and Exchange Commission (SEC). The Chamber argues that the SEC's regulation-by-enforcement approach stifles innovation and drives market participants offshore. It also claims that an asset subject to an investment contract is not itself an investment contract, and therefore, a venue where that asset is traded is not a securities exchange. The Chamber cites several court decisions, including SEC v. Ripple Labs, Inc. and SEC v. Terraform Labs Pte. Ltd., to support its argument that tokens are not investment contract securities. Additionally, the Chamber raises concerns about the SEC's regulation-by-enforcement regime, citing separation of powers and due process issues.

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Description

The Chamber of Digital Commerce filed an amicus brief in support of Binance Holdings Limited, BAM Trading Services Inc., BAM Management US Holdings, Inc., and...

Technical Information

File Format: PDF
File Size: 269 KB
Pages: 22
Language: EN
Author: 506291
Total Downloads: 153
Last Updated: 5 days ago

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