**Crypto Industry Scores Legal Win Against SEC's Broker-Dealer Rule**

A U.S. District Judge has struck down the SEC's controversial broker-dealer rule, which aimed to redefine "broker" to include liquidity providers and market makers with over $50 million in capital. Judge Reed O'Connor ruled the SEC overstepped its authority.

Crypto advocates, like Marisa Tashman Coppel from the Blockchain Association, hailed the decision as a significant victory. However, the SEC may appeal in the 5th Circuit Court. Critics argued the rule imposed unrealistic regulations on decentralized networks, sparking backlash from industry leaders and SEC commissioners.