Crypto Freedom Alliance v. SEC

Description

Blockchain Association sues SEC over expanded definition of “dealer” under new ,Rule 3a5-4,.

Legal Significance

The CFA aims to challenge the notion that anyone who provides liquidity should automatically be classified as a dealer.

Issues

Market Making / Liquidity

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

Complaint

April 23, 2024

Brief in Support of Motion for Summary Judgment

May 17, 2024

Motion for Summary Judgment

May 17, 2024

Amicus Brief of Paradigm Operations in Support of Motion for Summary Judgment

May 28, 2024

Memo in Support of Cross Motion for Summary Judgment and in Opposition to Motion for Summary Judgment

June 26, 2024

Cross Motion for Summary Judgment

June 26, 2024

Amicus Brief of Better Markets in Support of Cross Motion for Summary Judgment

July 8, 2024

Reply in Support of Cross Motion for Summary Judgment

August 30, 2024

Related Developments

Blockchain Association v. SEC

Motion to Dismiss

Crypto Freedom Alliance v. SEC

Motion to Dismiss

Dismissed

Motion to Dismiss

Complaint Filed

Complaint Filed

SEC v. Linus Financial

Settled

SEC v. ShapeShift

Settled