DeFi Education Fund Drops SEC Lawsuit as Crypto Stance Softens
Cointelegraph
The DeFi Education Fund withdrew a lawsuit against the SEC regarding crypto airdrops, citing a shift in the regulator's stance.Summary
The DeFi Education Fund and Beba have voluntarily dismissed their lawsuit against the SEC over the regulator's approach to crypto airdrops. This decision follows a softening of the SEC's position, evidenced by the SEC Crypto Task Force's work and statements from Commissioner Hester Peirce, who suggested a potential exemption framework and encouraged a ‘safe harbor’ for airdrops. The dismissal was filed without prejudice, preserving the plaintiffs' right to refile if necessary. This change in regulatory approach comes after a period of heavy criticism under former SEC Chair Gary Gensler, with the SEC recently dropping enforcement actions against crypto firms like Nader Al-Naji.
(Source：Cointelegraph)