Regulatory shift signals a more crypto-friendly approach under new leadership.
SEC Ends Legal Battle Over Dealer Rule
The U.S. Securities and Exchange Commission (SEC) has withdrawn its appeal in the lawsuit challenging the dealer rule, marking a decisive victory for the Blockchain Association (BA), the Crypto Freedom Alliance of Texas (CFAT), and the broader cryptocurrency sector. The motion, filed on Feb. 19, signals an end to the legal fight over regulatory overreach.
Industry Applauds the SEC’s Decision
Blockchain Association CEO Kristin Smith called the move a turning point, noting that the SEC’s decision marks a departure from the previous administration’s aggressive enforcement stance against crypto.
New Leadership, New Direction
Following Gary Gensler’s resignation, President Donald Trump appointed Mark T. Uyeda as Acting SEC Chairman. Uyeda has since launched a Crypto Task Force, led by pro-crypto Commissioner Hester Peirce, aiming to develop a more constructive regulatory framework. The SEC has also paused litigation against major exchanges like Binance and Coinbase to reassess its approach.
What This Means for Crypto
With this victory, industry leaders hope for clearer regulations and a more open dialogue with regulators, paving the way for greater innovation and legal clarity in the U.S. crypto market.
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