🚀#BlockchainNews: The SEC's new "dealer" definition is causing a stir! It now includes anyone whose trading activity provides liquidity, even without customers. This could impact peer-to-peer digital asset traders and software developers, who may face strict SEC enforcement if they don't register as dealers. 🤯

The Blockchain Association and the Crypto Freedom Alliance of Texas have filed lawsuits against the SEC, claiming the rule change violates the Administrative Procedure Act (APA). They argue the SEC overstepped its authority and failed to consider public feedback.

This move could inject instability and risk into the market, and potentially push entrepreneurs and businesses overseas. What do you think? Is this a step forward or a step back for the crypto industry? Let's chat below! 👇 #CryptoNews #SEC #CryptoRegulation