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U.S. Court Vacates SEC Dealer Rule
Blog
November 22, 2024
On November 21, 2024, a federal court vacated a controversial SEC rule that expanded the definition of securities “dealer” in a way that could encompass participants in DeFi protocols, finding that the agency had overstepped its legal authority.
Find a summary of the decision and its implications for the digital assets industry in the document below.
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This entry has been created for information and planning purposes. It is not intended to be, nor should it be substituted for, legal advice, which turns on specific facts.