The U.S. Securities and Exchange Commission (SEC) has withdrawn its appeal in a lawsuit over the controversial "dealer rule" following a challenge from the Blockchain Association. The rule had raised concerns within the crypto industry for potentially stifling innovation and imposing unnecessary regulations. The SEC's decision to dismiss the appeal is seen as a victory for the Blockchain Association and the broader crypto sector. The association celebrated the ruling as a triumph for the digital asset industry and emphasized the importance of maintaining an innovative and supportive regulatory environment.



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