Law of Code
#137 - Blockchain Association sues the SEC to strike down Dealer Rule
May 21, 2024
The podcast delves into the lawsuit by the Blockchain Association against the SEC's Dealer Rule. Topics include the trend of litigation in the crypto space, remedies for the industry, expanding the definition of 'dealer,' and the rationale behind suing the SEC. Guests from the Blockchain Association share insights on advocating for policy positions and strategic legal projects in the crypto industry.
38:45
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Quick takeaways
- Crypto industry adopts offensive litigation strategies to challenge SEC regulations and seek quicker resolutions.
- SEC's expanded definition of dealers and regulatory uncertainty prompt some in the crypto industry to consider operating outside the US for clarity and cost avoidance.
Deep dives
Litigation as a Strategic Approach in the Crypto Space
In the podcast, it is discussed how the cryptocurrency industry has shifted towards offensive litigation strategies, challenging SEC regulations. Industry members are turning to courts for quicker resolutions due to perceived hostility from the executive and legislative branches. The trend towards pre-enforcement litigation has emerged as a response to government scrutiny, leading to more proactive industry actions.
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