SEC Dismisses Appeal in DeFi Dealer Classification Case
TLDR SEC voluntarily drops appeal in a case that would have forced DeFi protocols to register as securities dealers, marking a shift in the agency's approach to crypto regulation Federal judge in Texas previously ruled that SEC exceeded its authority by trying to classify DeFi traders as financial brokers New Acting SEC Chair Mark Uyeda [.
TLDR SEC voluntarily drops appeal in a case that would have forced DeFi protocols to register as securities dealers, marking a shift in the agency's approach to crypto regulation Federal judge in Texas previously ruled that SEC exceeded its authority by trying to classify DeFi traders as financial brokers New Acting SEC Chair Mark Uyeda [.
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