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Legal Challenge Threatens SEC's Regulation of Crypto Airdrops; Defendants Seek Clarification on Security Classification

Bitcoinist LogoBitcoinist1 mo ago

 Legal Challenge Threatens SEC's Regulation of Crypto Airdrops; Defendants Seek Clarification on Security Classification - Bitcoinist

Quick Summary:

The US Securities and Exchange Commission (SEC) is facing a new lawsuit that aims to challenge the regulator’s failure to provide a clear regulatory framework for the crypto industry, specifically regarding classifying crypto airdrops as securities.

DEF and Beba argue that the SEC implemented a radical new policy under Chairman Gensler’s leadership without providing the required opportunity for public comment.

A ruling in favor of DEF and Beba that the SEC’s approach to crypto violates the APA would be a major obstacle to the SEC’s ongoing “regulatory overreach.


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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-03-27 @ 00:00:09 (1 months ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 452 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 16 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 20532251

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 11 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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The story " Legal Challenge Threatens SEC's Regulation of Crypto Airdrops; Defendants Seek Clarification on Security Classification" has 452 words across 29 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story " Legal Challenge Threatens SEC's Regulation of Crypto Airdrops; Defendants Seek Clarification on Security Classification" was covered 1 months ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 11 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #20532251
  • URL: https://beamstart.com/news/sec-faces-lawsuit-over-crypto-17115003281936

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