PANews reported on August 12 that the U.S. Chamber of Digital Commerce tweeted that it had filed a friend-of-the-court statement in court to support Coinbase in the U.S. SEC's lawsuit against Coinbase. The goal is to end the SEC's actions to regulate the digital asset industry without legislative authorization. The association said that enforcement alone is not enough. While Congress is working on solutions, the SEC's aggressive approach stifles innovation. Fair regulation can create opportunities for economic growth, job creation, and financial inclusion. Congress did not authorize the SEC to regulate all digital assets as securities. The SEC's regulation through enforcement actions raises constitutional concerns and puts the U.S. digital asset industry and its stakeholders at risk.