SEC case against encryption companies – victory for Defi & Blockchain Innovation

After treating a decade -long encryption under the progress of Gary Ginsler, it is time when Crypto has seen some serious changes in the United States. Eleanor Teret subscriber The Securities and Stock Exchange Commission, which is now led by Mark Uida, decided to drop her appeal in a lawsuit regarding the expansion of the agent’s base. This rule was classified as high -frequency trading companies and some hedge funds from encryption as traders, which saw many in the encryption space as a way to organize trading companies without direct bases. SEC from SEC appears to be a new start for encryption users.

A controversial base that sparked a violent reaction in the industry

The Securities and Stock Exchange Committee planned to change the broker definition, which would have been requested to be liquid of encryption and market makers (AMMS) with more than $ 50 million in capital for registration in the agency. This step was angered by many in society, especially from Defi supporters, who argued that such a rule was not realistic to platforms without central authority. Since Defi works in a decentralized manner, the application of compliance was almost impossible, which endangers its future in the United States.

The court rules the plan for the Supreme Education Council

The encryption groups, including the Blockchain Association and the Tafir Tafir alliance in Texas, took the Supreme Education Council to the court, on the pretext that the agency exceeded its legal limits. In November, a federal judge agreed in Texas, where he decided that the Supreme Education Council had exceeded its authority. This prevents the proposed base, and a great setback for the agency’s organizational efforts.

Although the Supreme Education Council was initially pushed, it was unexpectedly dropped its call on February 19, which officially ended the case. Christine Smith, CEO of Blockchain Association, described it as a “full and comprehensive victory”, saying that the encryption industry can now move without fear of excessive regulations.

According to the encryption user, the SEC decision to drop its appeal is a clear refusal of organizational defeat. analyst High How non -elected officials tried to expand their authority to suppress the innovation of encryption, but they were eventually banned by the new courts and leadership. Dogaai chanted this great victory for this industry, proving that the policies supporting growth are on the road.

Trump’s friend of encryption

SEC declines at a time when the major leadership changes. After the exit of former President Gary Ginsner, Trump reinforced the agency, with Mark Oida appointed as a prosecutor while his candidate Paul Attins is waiting for the congressional approval. Under Uyeda, SEC has already shown signs to reduce its aggressive position on encryption.

One of the largest agency’s movements under a new leadership is to form a coding workplace, led by Commissioner Hyster Peres. It is expected that the PEIRCE work band, which is famous for its support for fair and clear regulations, is expected to re -evaluate many executive measures taken against encryption companies under the Jinsler period.

As the Supreme Education Council is now returning to legal battles and reconsidering its approach, the encryption industry hopes that this will represent the beginning of a more balanced organizational framework.