🚨The SEC's recent expansion of the "dealer" definition under U.S. securities laws could have major implications for the crypto industry. The new rule includes anyone whose trading activity regularly provides liquidity, even without customers. This means individuals trading digital assets on peer-to-peer platforms, and potentially the software developers of these platforms, could face SEC enforcement action if they don't register as dealers. Critics argue this change violates the Administrative Procedure Act (APA) and could inject instability and risk into the market. Two lawsuits have already been filed challenging the rule. What do you think about this development? Share your thoughts below! 👇