The cryptocurrency industry is actively fighting back against what it perceives as excessive regulatory measures by the U.S. government, particularly actions taken by the Securities and Exchange Commission (SEC) under the Biden administration. This counteroffensive includes legal actions and public appeals to limit the SEC's influence over the $2 trillion digital asset sector. Key industry players and organizations, such as the Digital Chamber, have filed briefs in support of companies like Ripple, Coinbase, and Binance US, challenging the SEC's authority. Concurrently, the House Financial Services Committee has made a significant move by voting in favor of a resolution that aims to overturn an SEC guideline, which currently prevents banks from providing cryptocurrency custody services. This series of events underscores a growing movement within the crypto industry to assert its interests against regulatory pressures.