The Blockchain Association sues SEC over expanded "dealer" definition impacting DeFi innovation.
The Blockchain Association, a prominent crypto advocacy group, has filed a lawsuit against the US Securities and Exchange Commission (SEC) in a Texas court, challenging the regulator's recently adopted definition of "dealer" in securities markets. The lawsuit argues that the SEC's new definition unlawfully expands its authority by capturing activities within the realm of decentralized finance (DeFi), potentially stifling innovation.
April 23, 2024
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