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SEC Drops Appeal of “Dealer Rule” Litigation

Summary by LexBlog

On February 19, 2025, the Securities and Exchange Commission (the “Commission” or “SEC”) dropped its appeal of a ruling by the U.S. District Court for the Northern District of Texas (“District Court”) on November 6, 2024 that struck down the Commission’s “Dealer Rule.” The Dealer Rule, adopted by the SEC on February 6, 2024, further defined the terms “dealer “ and “government securities dealer” in Sections 3(a)(5) and 3(a)(44) of the Securities …

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Tron Weekly Journal

Crypto Win: SEC Drops High-Stakes Controversial Crypto Broker-Dealer Rule

SEC withdraws appeal, marking a shift in crypto regulation strategy. Texas court ruled SEC overreached with crypto broker-dealer rule. Industry groups celebrate as SEC moves towards a more collaborative stance. The U.S Securities and Exchange Commission (SEC) has dropped its appeal of a Texas federal court ruling that blocked its controversial broker-dealer rule. SEC withdraws Crypto Rule Appeal The ‘broker-dealer’ rule aimed to expand the SEC’s…

2 days ago

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LexBlog

SEC Drops Appeal of “Dealer Rule” Litigation

2 days ago

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Blockonomi

SEC Drops Dealer Rule Appeal Following Leadership Change

TLDR SEC withdraws dealer rule appeal under new leadership of Mark T. Uyeda, marking victory for crypto industry Original dealer rule required certain market participants to register if they met specific trading criteria Blockchain Association and Crypto Freedom Alliance of Texas successfully challenged the rule in court New SEC administration establishes Crypto Task Force led by Commissioner Hester Peirce SEC pauses ongoing litigation against …

2 days ago

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Coinfomania

SEC Withdraws Broker-Dealer Rule After Year-Long Tension

Thursday brought much news as the SEC moved to withdraw its appeal related to the Broker-dealer rule. The reversal is quintessential to potentially changing the digital currencies or crypto industry motion. On February 19th, the United States Securities and Exchange Commission — or as some like to call it the SEC — filed a motion to drop their appeal on the federal court’s decision regarding the broker-dealer rule. The dropping of this appeal i…

3 days ago

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The TRADE

New SEC administration withdraws dealer rule appeal

The US Securities and Exchange Commission (SEC) has withdrawn its appeal to reverse the decision by a US court which thwarted its dealer rule, a year on from when the policy was first unveiled.The dealer rule, introduced in February 2024, required certain hedge funds, among other market participants, to register if they met one of two qualitative standards.Specifically, the adopted rules meant that an entity would qualify as a dealer or governme…

3 days ago

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