Crypto Scores Big Win As US SEC Suffers Loss In ‘Dealer’ Lawsuit

Quick Summary:

In a new ruling, Judge Reed O’Connor of the US District Court for the Northern District of Texas ordered that the regulator’s use of the term securities “dealer” is not backed by any US laws.

The US Securities and Exchange Commission (SEC) has suffered another major loss to crypto plaintiffs in Texas.

As outlined, the plaintiffs believe the wide application of the term is unhealthy for general market growth.

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Article Details

Author / Journalist: Godfrey Benjamin

Category: Crypto

Markets: India

Topics: Gary Gensler US SEC 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 21:13:45 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 459 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23744925

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 35 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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