**News Flash: Crypto Groups Challenge SEC's CAT Database**
The DeFi Education Fund and Blockchain Association have filed an amicus brief supporting a lawsuit against the SEC's Consolidated Audit Trail (CAT) database. The CAT, operational since April, tracks securities orders and broker-dealers, raising privacy and government overreach concerns.
Key Points:
- CAT links personal info with blockchain wallet addresses, exposing all user transactions.
- Critics argue it poses a security risk and is a potential hacker target.
- Over 50 amicus briefs support the lawsuit, highlighting privacy and procedural issues.
Stay tuned for updates on this evolving case.