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SEC drops lawsuits against Blockchain Association and CFAT

Summary by Bitcoin Ethereum News

The post SEC drops lawsuits against Blockchain Association and CFAT appeared on BitcoinEthereumNews.com. In a major shift in trends over the last four years, the US Securities and Exchange Commission dismissed the appeal of the infamous “dealer rule,” cementing a complete victory for the Blockchain Association (BA), the Crypto Freedom Alliance of Texas (CFAT), and the crypto industry at large. The dealer rule, proposed by the SEC in February 2…

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CryptoPotato

SEC Withdraws Appeal in DeFi Dealer Classification Case

The U.S. Securities and Exchange Commission (SEC) has willingly withdrawn its appeal of a ruling that blocked its attempt to expand securities laws to cover decentralized finance (DeFi). This development means the DeFi space might no longer be subjected to securities laws. A Complete Victory for DeFi In a February 19 motion filed with the U.S. Court of Appeals for the Fifth Circuit, the SEC stated its intention to “voluntarily dismiss this appea…

2 days ago

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Blue Water Healthy Living

US regulator withdraws appeal of rule on Treasury markets - Blue Water Healthy Living

By Carolina Mandl NEW YORK (Reuters) – U.S. Securities and Exchange Commission has decided to withdraw its appeal of a decision by a federal judge late last year to vacate an overhaul of Treasury dealer rules, according to a court document filed on Wednesday. In a statement, the SEC said it decided to dismiss the appeal because the new rule could reduce “liquidity in the Treasury markets, making them more volatile, and increasing debt for taxpay…

2 days ago·Port Huron, United States

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CoinTrust

SEC Withdraws Appeal, Marking a Victory for Crypto Advocates

In a significant development within the financial sector, the U.S. Securities and Exchange Commission (SEC) has decided to drop its appeal against the court ruling that invalidated its proposed “dealer rule.” This decision marks a substantial victory for the Blockchain Association (BA), the Crypto Freedom Alliance of Texas (CFAT), and the broader cryptocurrency industry, which had strongly opposed the regulation. The dealer rule, initially intro…

2 days ago

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Markets Media

AIMA, MFA Welcome SEC Withdrawing Dealer Rule Appeal - Markets Media

The SEC has withdrawn its appeal of the decision by the U.S. District Court for the Northern District of Texas vacating the Dealer Rule. This news follows AIMA’s letter to Acting SEC Chair Mark Uyeda, urging the swift withdrawal of the appeal. On January 17, 2025, the SEC appealed the District Court’s decision, one of the final actions taken by the prior administration. AIMA CEO Jack Inglis said: “We welcome the news of the SEC withdrawing its …

2 days ago

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bsc.news

The SEC Drops Its DeFi Appeal: Why It Matters for Crypto | BSCN (fka BSC News)

Earlier, a lawsuit, led by the Blockchain Association and CFAT, challenged the SEC’s attempt to classify DeFi protocols as securities dealers.

3 days ago

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CryptoPanic

SEC pulls own appeal in case over crypto broker-dealer rules

The SEC abandoned its court appeal over a case it lost last year to expand the definition of a dealer, which was seen as a threat to decentralized finance platforms.

3 days ago

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