The SEC has voluntarily dismissed the lawsuits against Blockchain Association and CFAT.

In a major development in the crypto industry, the U.S. Securities and Exchange Commission (SEC) has voluntarily dismissed the appeal of the lawsuit challenging the Dealer Rule filed by Blockchain Association (BA) and Crypto Freedom Alliance of Texas (CFAT).

This move is an important victory for the crypto industry as a whole and means the end of the Dealer Rule. The move is an important #win for the crypto industry as a whole and means the end of the Dealer Rule. Kristin Smith, CEO of #Blockchain Association, praised the SEC's decision, adding that it marks a change in the SEC's approach to regulating #cryptocurrencies after the departure of former Chairman Gary Gensler. former Chairman Gensler's crusade against cryptocurrencies After the SEC's new day began. This is the first time we have filed suit against the SEC to challenge an illegal power grab in which the SEC unilaterally attempted to redefine the boundaries of its legal authority, Smith said. Read us at: Compass Investments