Already losing its legal fight with the crypto industry over a rule that would have expanded the definition of regulated securities dealers to include a wide array of digital assets operations, the U.S. Securities and Exchange Commission has given up its appeal.
The SEC has been in reset mode on its courtroom entanglements with crypto issues as the leadership elevated by President Donald Trump has been reversing years of the agency’s adversarial stance. The latest move was to formally drop the appeal in a case in which the Blockchain Association and Crypto Freedom Alliance of Texas sued the SEC and a Texas federal judge agreed that the regulator “exceeded its statutory authority.”
“With new leadership at the agency leading to today’s final dismissal, we’re looking forward to productive conversations between industry and the SEC moving forward – and a brighter future for digital assets in the United States,” said Blockchain…
