Gate News Report, March 17 — Texas-based clothing company Beba and the crypto lobbying organization DeFi Education Fund have voluntarily withdrawn their 2024 lawsuit against the U.S. SEC. The lawsuit challenged the SEC’s regulatory approach to airdrops, accusing it of implementing digital asset enforcement policies without formal rulemaking procedures, violating the Administrative Procedure Act. The voluntary withdrawal document referenced the work of the SEC’s Crypto Task Force and multiple speeches by Commissioner Hester Peirce last year. In her speeches, Peirce implied that airdrop tokens are not securities and mentioned that the SEC is considering establishing an exemption framework for airdrops. Additionally, the White House issued an administrative action in January encouraging the SEC to create a “safe harbor” mechanism for specific airdrops. DeFi Education Fund stated that, given the work of the SEC’s Crypto Task Force and recent speeches indicating a possible shift in the commission’s stance on free airdrops, continuing the lawsuit is no longer necessary. The withdrawal is without prejudice, reserving the right to refile in the future.
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
Hong Kong SFC Strengthens Global Regulatory Cooperation to Combat Illegal Activities by Financial Influencers
Gate News message, April 24 — Hong Kong's Securities and Futures Commission (SFC) announced it is working with securities regulators worldwide to combat illegal activities by financial influencers. Over the past year, the SFC has made progress through enforcement actions and collaboration with
GateNews13m ago
Wisconsin Sues Coinbase, Polymarket, Kalshi Over Prediction Markets
Wisconsin filed a lawsuit against five major prediction market platforms—Coinbase, Polymarket, Kalshi, Robinhood, and Crypto.com—claiming their "event contracts" violate state gambling laws and constitute illegal sports betting. Wisconsin Attorney General Josh Kaul argued that labeling these
CryptoFrontier1h ago
Taiwan’s 14 brokerage firms have launched virtual asset ETFs via omnibus authorization for cross-advisory (sub-advisory) arrangements, with cumulative trading exceeding NT$98.99 billion New Taiwan dollars
According to the latest statistics provided by the Securities and Futures Bureau of the Financial Supervisory Commission, as of the end of March 2026, a total of 14 securities firms in Taiwan have launched virtual asset ETF cross-border/overseas custody (futures commission) re-delegation business, with cumulative trading exceeding NT$9.9B. Huang Zhonghao, Deputy Director of the Securities and Futures Bureau of Taiwan, stated that the Financial Supervisory Commission (FSC) has required the securities firms’ association to submit an assessment report on the performance of the virtual asset ETF cross-border/overseas custody (futures commission) re-delegation business over the past year, and that the assessment will expand eligibility to retail investors.
MarketWhisper2h ago
Fed Chair nominee Warsh has a net worth of more than $135 million: SpaceX and Polymarket holdings—amount not disclosed
Fed Chair nominee Warsh’s OGE Form 278e asset disclosure form, submitted before his 4/21 Senate Banking Committee hearing, shows that his reported total assets range from $135 million to $226 million—making him the richest-known Fed chair nominee in U.S. history. On the same day, Forbes noted that his spouse, Jane Lauder, is an heir to the Estée Lauder Group with an estimated personal net worth of $1.9–$2.5 billion, which was not included in Warsh’s current filing.
Reported assets: main components
In his filing, Warsh disclosed nearly 70 holdings, covering VC
ChainNewsAbmedia2h ago
