U.S. SEC Loses Crypto Lawsuit Over 'Dealer' Definition That Pushed Into Crypto

2024-11-22 21:49

A Texas federal court has rejected the U. S. Securities and Exchange Commission's recent rule expanding the definition of a securities dealer to include a wider swath of firms — including some in the cryptocurrency sector.

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Crypto groups sue SEC, claiming overreach in new dealer rule definition

Two prominent bodies in the crypto sphere, the Blockchain Association and the Crypto Freedom Alliance of Texas, have taken legal action against the US Securities and Exchange Commission (SEC). In an April 23 court filing, the groups argued that the SEC overstepped its bounds by sanctioning a rule that redefines the parameters for what constitutes […] The post Crypto groups sue SEC, claiming overreach in new dealer rule definition appeared first on CryptoSlate.

2024-4-24 19:15