Gate News: On March 17, the well-known lobbying group DeFi Education Fund and the Texas-based clothing company Beba voluntarily withdrew their lawsuit against the U.S. Securities and Exchange Commission (SEC). The lawsuit, filed in 2024, aimed to challenge the SEC’s digital asset enforcement policies that were developed without formal notice and comment procedures.
The withdrawal reflects a significant shift in the SEC’s regulatory stance. Under new leadership, the SEC has adopted a more lenient approach toward the cryptocurrency industry, especially showing an open attitude toward airdrops. Commissioner Hester Peirce previously stated that airdrops might not be subject to securities laws, and the SEC’s Cryptocurrency Enforcement Task Force is exploring a framework for airdrop exemptions, providing a policy basis for the withdrawal. The DeFi Education Fund announced on X that, given the proactive actions of the regulatory task force, there is currently no need to continue the lawsuit, but they may refile in the future.
During Gary Gensler’s tenure, the SEC prioritized enforcement, leading to multiple cases against major digital asset exchanges and DeFi protocols, with limited focus on clear rules and regulatory guidance. Now, leaders who are pro-cryptocurrency emphasize legislation and industry dialogue. Most pending cases have been dismissed or settled, indicating that the regulatory environment is gradually improving.
This withdrawal is seen as an important signal in the U.S. crypto ecosystem. Industry insiders believe that as SEC’s policies on cryptocurrencies become clearer and more flexible, DeFi projects and digital asset airdrops may gain more legal certainty. It could also encourage more institutions and innovative teams to expand their crypto activities within compliant frameworks.
Currently, market participants continue to monitor the SEC’s future policies on airdrops, DeFi protocols, and emerging digital assets, which will directly impact the market sentiment and investment strategies for Bitcoin, Ethereum, and other mainstream cryptocurrencies.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
UBS Expects Fed to Cut Rates 50 Basis Points by Year-End; 10-Year Treasury Yield Forecast at 3.75%
UBS analysts predict the Federal Reserve will cut interest rates by 50 basis points by 2026, despite rising energy prices. Fed Chairman Powell suggests limited tightening is needed, focusing on core inflation evidence before cuts. The forecast for Treasury yields indicates potential downward movement.
GateNews4h ago
Fed Likely to Hold Rates in April at 99.5% Probability, CME Data Shows
The Federal Reserve is highly likely to keep interest rates steady in April, with a 99.5% probability. Looking ahead to June, there's a 94.1% chance of maintaining rates, a 0.5% chance of an increase, and a 5.4% chance of a cut.
GateNews04-17 23:11
Rate Swap Market Signals Dovish Shift, Pricing in 15 Basis Points of Fed Rate Cuts by December
Gate News message, April 17 — The rate swap market is signaling a dovish shift, with current pricing reflecting expectations for 15 basis points of Federal Reserve rate cuts by December.
GateNews04-17 13:01
Hong Kong Interbank Rates Rise Across All Tenors; One-Month HIBOR Climbs to 2.55%
On April 17, Hong Kong interbank offered rates (HIBOR) increased across all tenors, with the one-month rate rising to 2.55143% and overnight rates hitting the highest level since January at 3.36536%.
GateNews04-17 05:54
Bank of Japan Governor Ueda: Middle East Conflict Poses Dual Risk of Rising Inflation and Economic Slowdown
Bank of Japan Governor Kazuo Ueda highlighted the conflict in the Middle East as a source of inflation and economic slowdown risks. He confirmed that the Monetary Policy Committee will determine suitable measures to reach the 2% inflation target at the upcoming meeting.
GateNews04-17 01:15
Fed Holds Rates Steady in April With 99.5% Probability, CME Data Shows
The CME's Fed Watch tool indicates a 99.5% probability of the Federal Reserve keeping rates unchanged in April, with similar projections for June showing a 98% likelihood of steady rates and minimal chances for rate cuts or hikes.
GateNews04-16 23:21
