The Securities and Exchange Commission (SEC) has dropped its appeal in a lawsuit brought by the Blockchain Association (BA) and the Crypto Freedom Alliance of Texas (CFAT) challenging the dealer rule. This move represents a significant victory for the crypto industry and marks the end of the dealer rule. The decision by the SEC is seen as a shift in approach towards crypto regulation since former chair Gary Gensler left. The CEO of the Blockchain Association, Kristin Smith, welcomes the decision and looks forward to productive conversations between the industry and the SEC going forward. The case was originally filed in April last year to contest the SEC's attacks against the industry and its attempt to redefine its regulatory authority.



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