The SEC rejected the appeal in the case concerning the "dealer rule," which became a victory for the cryptocurrency industry and ended the controversial regulation of cryptocurrencies in the U.S.

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The SEC rejected the appeal in the case related to the "dealer rule" filed by the Blockchain Association and the Crypto Freedom Alliance of Texas, marking a significant victory for the cryptocurrency industry. This decision effectively terminates the controversial rule that expanded the SEC's powers in regulating cryptocurrencies. Christine Smith, CEO of the Blockchain Association, expressed gratitude to the SEC, noting that this step signals a shift in the approach to cryptocurrency regulation in the U.S. following the departure of Gary Gensler from the position of SEC Chairman. This event holds great importance for the future development of the cryptocurrency market in the country.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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