A Texas federal court has rejected the U.S. Securities and Exchange Commission's recent rule expanding the definition of a securities dealer to include a wider swath of firms — including some in the cryptocurrency sector. This adds a significant legal loss to the crypto legacy of SEC Chair Gary Gensler on the same day he announced his January departure.
source https://www.coindesk.com/policy/2024/11/21/us-sec-loses-crypto-lawsuit-over-dealer-definition-that-pushed-into-crypto/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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