Description
Blockchain Association sues SEC over its new rule expanding the definition of “dealer” to include liquidity providers. ,See ,Rule 3a5-4,.
Legal Significance
This case delays the effectiveness of the SEC’s new dealer rule, and the outcome will determine whether the new dealer rule gets vacated and whether the SEC will be enjoined from enforcing it.
Status
Motion to Dismiss
Case No.
4:24-cv-00361
Date Filed
April 23, 2024
Plaintiff
Crypto Freedom Alliance of Texas
Defendant
SEC
Court
USDC Northern District of Texas Forth Worth Division
Plaintiff Counsel
Duane Morris LLPSullivan & Cromwell LLP
Defendant Counsel
Jason J. RoseDominick V. FredaEmily True PariseSamuel Benjamin Goldstein
Major Filings
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