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U.S. SEC Loses Crypto Lawsuit Over 'Dealer' Definition That Pushed Into Crypto

A Texas federal court ruled that the regulator's new dealer definition that roped in crypto entities was "untethered" to U.S. securities law.

By Jesse Hamilton|Edited by Nikhilesh De

Updated Nov 21, 2024, 7:03 p.m. Published Nov 21, 2024, 6:49 p.m.

A U.S. court in Texas ordered the SEC to yank a rule that it says unlawfully roped in crypto firms. (Hans Watson/Flickr)