Crypto lobby groups file court brief in support of lawsuit against SEC, seeking clarity on token airdrops
On October 29th, according to The Block, a cryptocurrency lobbying group based in Washington submitted a "friend of the court" brief to support Beba's lawsuit against the U.S. Securities and Exchange Commission (SEC) in March of this year, with the aim of seeking a clearer interpretation of the legal status of token airdrops. Beba and DeFi Education Fund sued the SEC in March of this year, arguing that token airdrops do not violate the Howey Test, and shortly after the lawsuit was filed, the SEC filed a motion to dismiss the lawsuit. The Blockchain Association and the Cryptocurrency Committee requested that the court reject the motion and support the plaintiff's relief request.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget Trading Club Championship (Phase 5)—Grab a share of 80,000 BGB, up to 800 BGB per user!
Announcement on Bitget listing TSLA, NVDA, CRCL RWA Index Perpetual futures
Onchain Challenge (Phase 15) — Trade and share 100,000 BGB in airdrops

A quick guide to understanding RWA futures
Trending news
MoreCrypto prices
More








