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Blockchain Association sues SEC over “Dealer” De …

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1 year ago

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The Blockchain Association has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) concerning its recent reinterpretation of the “dealer” definition, which now extends to the decentralized finance (DeFi) participants. 

This move has sparked a significant debate within the crypto community about regulatory reach and innovation impact.

The Blockchain Association vs. SEC: A Landmark Legal Battle 

The Blockchain Association has filed a pivotal lawsuit against the SEC, focusing on the controversial expansion of the “dealer” definition to include DeFi actors.

This legal challenge raises critical questions about regulatory boundaries and the future of decentralized finance.

Background of the SEC Decision

In February 2024, the SEC broadened the “dealer” definition under securities regulations to include entities frequently trading, creating liquidity, and adjusting market conditions, which are key activities in decentralized finance (DeFi).

This adjustment was made to cover roles in the evolving digital asset markets that the old definition failed to encompass, aiming to enhance transparency and safety. However, this expansion faced opposition from the crypto industry and some SEC commissioners, who argued it could overly burden innovative sectors and hinder technological progress.

Despite these concerns, the SEC maintains that the change aligns with Congressional goals to regulate market makers and close regulatory loopholes, thus protecting market integrity and investors.

This backdrop informs ongoing legal debates and industry reactions to the SEC’s revised dealer definition.

Arguments presented by the Blockchain Association

The Blockchain Association has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) concerning its recent reinterpretation of the "dealer" definition, which now extends to the decentralized finance (DeFi) participants. 

A key challenge to regulatory overreach in the DeFi field is the Blockchain Association’s lawsuit against the SEC’s expanded definition of “dealer.”

Their key point is that the SEC’s broader definition has the potential to hinder innovation by putting standard securities law frameworks on decentralized financial systems, which are meant to operate differently from traditional financial markets.

The Association contends that the SEC’s decision lacks sufficient clarity and could indiscriminately classify many DeFi participants as dealers, even those who do not engage in typical “dealer” activities like market making.

This could force many projects to either alter their operational models or cease operations due to the heightened regulatory and compliance costs​​.

Furthermore, the Blockchain Association argues that the SEC’s rule change was implemented without adequate industry consultation, suggesting that the regulatory process may have overlooked the unique characteristics and technological underpinnings of DeFi platforms.

They stress that extensive industry engagement to comprehend the ramifications and practical realities of DeFi ecosystems should come before enacting such regulatory measures.

Legal experts and industry stakeholders are closely watching this case, as it could set a precedent for how decentralized digital asset markets are regulated in the United States and potentially globally.

The outcome could influence future regulatory approaches to emerging technologies and either validate the SEC’s stance on stricter regulations or push back against what some see as an overextension of regulatory authority in the rapidly evolving crypto sector​​.

The SEC’s stance over the dealer definition

To strengthen regulatory control and lower possible risks in the financial markets, especially those related to DeFi and other digital assets, the Securities and Exchange Commission (SEC) decided to redefine “dealer” under securities legislation.

SEC Chair Gary Gensler emphasized that the updated rules are common-sense measures intended to protect market integrity and ensure that all market participants adhere to the same standards​​.

These measures may affect individuals who operate in these categories but do not identify as dealers in the DeFi market.

The SEC argues that these changes are necessary to close regulatory gaps that have allowed some market participants to operate without adequate oversight, which could lead to unfair market practices and financial instability​.

The agency also pointed out that the redefinition follows a functional analysis approach, focusing on the activities undertaken by a person rather than the type of security traded.

This approach aims to ensure that anyone engaging in market-making activities, directly or indirectly, is subject to registration and regulation, irrespective of the technology used​​.

Implications for the Crypto Market, Regulation and Expert Perspective

The SEC’s move has significant implications for the crypto market, particularly within the DeFi sector. 

By requiring more entities to register as dealers, the rule aims to bring greater transparency and oversight to this dynamic sector.

However, this could also mean increased compliance costs and operational challenges for DeFi platforms, potentially stifling innovation and impacting smaller players who may not have the resources to meet these new regulatory demands​.

Additionally, this move signals a broader trend towards tighter regulation in the crypto industry, reflecting growing governmental interest in ensuring market stability and protecting investors from potential risks associated with digital assets.

While this might enhance investor confidence and market integrity, it raises concerns about the balance between regulation and the autonomy of decentralized systems​​​.

Expert Opinions 

The ongoing legal challenge by the Blockchain Association against the SEC’s expanded “dealer” definition has garnered attention and varying opinions from legal experts and industry leaders. Their insights shed light on potential outcomes and the broader impacts of this regulatory shift on the crypto landscape.

Legal Perspective:

  • Gary Gensler, SEC Chair, mentioned that the changes are common-sense measures intended to maintain market integrity. He stressed the importance of these rules in protecting investors from emerging risks associated with digital assets​​.
  • Mark Uyeda, the Republican SEC Commissioner, criticized the rule change as overreach, expressing concerns about the expansive interpretation of the “dealer” definition, which could limit industry growth and innovation​.

Industry Insight:

  • Crypto Analysts suggest that the increased regulatory scrutiny could lead to more stable market conditions, which might attract institutional investors seeking reliability and compliance assurances. However, they also warn that such stringent measures could deter new entrants and suppress technological innovations within the sector​​.

The outcome of this lawsuit could influence regulatory approaches globally, impacting not just the U.S. markets but also international standards on cryptocurrency operations.

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BlockDAG Launches 100% Coin Unlock With NO VESTING PASS, While Kaspa & SEI Gain Momentum

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3 hours ago

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July 21, 2025

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Kaspa is turning heads as one of the fastest-growing proof-of-work projects, winning praise for its blazing-fast transactions and scalable blockDAG architecture. That’s why many are watching the Kaspa (KAS) price prediction closely, as it shows real strength for 2025.

Meanwhile, SEI is making serious waves in the DeFi space. Built for high-speed trading and smart contracts, the network is gaining traction fast. With adoption rising, the SEI price target keeps moving higher as investors pay closer attention.

But the biggest buzz? BlockDAG’s presale is closing in on $343 million raised, and it just launched something rare, the NO VESTING PASS. It gives buyers 100% access to their coins on launch day. With its GLOBAL LAUNCH release coming on August 11, this could be the last moment to jump in before the real fireworks begin.

Kaspa (KAS) Price Prediction Stays Bullish With Transaction Power

Kaspa is making serious progress with a design that allows multiple blocks to be confirmed in parallel, delivering faster and more secure transactions. Thanks to its advanced blockDAG system, the latest Kaspa (KAS) price prediction remains strong.

Recent price increases are backing that sentiment. Analysts now target around $0.07 for this year and up to $0.15 within the next 12 months. Even further gains are possible long-term as developer activity and practical usage increase. For anyone watching fast, scalable proof-of-work coins, Kaspa is still at the top of the list.

SEI Price Target Moves Higher as DeFi Activity Grows

SEI has been on a tear lately, trading at $0.37 with a 2% jump in just 24 hours, a 34% gain over the past week, and a massive 95% boost in a month. With a market cap around $2.15 billion and daily volume at $437 million, all signs point to strong on-chain growth. That’s pushing the SEI price target into breakout range, with projections between $0.42 and $0.48 soon.

SEI’s Layer 1 chain was built for DeFi and high-frequency trading. It’s fast, low-cost, and gaining serious adoption. With more users and partners joining in, SEI is now front and center in the race for scalable blockchain solutions.

BlockDAG’s NO VESTING PASS Gives 100% Coin Access at Launch

BlockDAG isn’t just growing, it’s changing the presale game. With more than $343 million already raised, 24 billion coins sold, and over 18,572 miners onboard, BlockDAG is offering something presale buyers rarely see.

Its new NO VESTING PASS unlocks every coin bought during the next 6 days on Day 1 of launch. That means no waiting, no staggered access, and no strings, just full ownership from the start.

The current price of $0.0016, which is part of GLOBAL LAUNCH release, won’t last much longer. With a launch price fixed at $0.05, that’s a potential gain of 3,025% if targets hold, and early buyers already saw 2,660% gains from Batch 1 to 29.

Only purchases made during this short NO VESTING PASS window will qualify for full unlock. Bonus coins from referrals or promotions will still follow the standard vesting plan.

With its roadmap locked in, strong audits, and a loyal community backing it, BlockDAG’s final presale stage offers a level of flexibility and early access that other projects simply don’t match.

What’s Next

Kaspa continues to impress with its speed-focused approach, making the Kaspa (KAS) price prediction a hot topic among crypto analysts. SEI is holding firm as one of the best performers in the DeFi space, with its rising SEI price target fueled by real use cases and market demand.

But BlockDAG might be the one to watch most closely right now. With the rare NO VESTING PASS offering total coin access on launch day and a presale already pulling in big numbers, it’s setting a new standard in crypto launches.

For anyone searching for crypto coins to buy before the next major run, this may be one of the few chances to lock in full access before prices take off. BlockDAG’s final presale push is here, and missing it could mean missing out.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficialDiscord: https://discord.gg/Q7BxghMVyu

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BlockDAG’s X1 Miner App Draws 2M+ Users While BONK & SHIB Holders Wait for Key Updates 

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22 hours ago

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July 20, 2025

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The crypto market in 2025 is witnessing a shift as new trends and strong contenders capture public attention. BONK is gaining momentum, backed by strong community activity and consistent price movements. Its ongoing deflationary burn mechanism and growing holder base signal are increasing traction among major players. Meanwhile, Shiba Inu (SHIB) is holding support at a crucial price level, with technical patterns pointing toward a possible price breakout.

While BONK and SHIB show promise, BlockDAG (BDAG) is drawing even more attention through its mobile-first approach to mining. The BDAG-powered X1 app has surpassed 2 million downloads, offering a way to mine directly from smartphones. Combining ease of access with scalability, BlockDAG has become a top choice among those tracking the best crypto to buy. Let’s explore how each coin is shaping up for the rest of the year.

BONK Price Signal: Strength Backed by Fundamentals

BONK has emerged as one of the most talked-about memecoins of 2025. Its recent 10% surge comes with growing confidence from larger institutions, including its placement on Grayscale’s asset watchlist. Chart analysts have noted a golden cross pattern, often linked with sustained price climbs.

What amplifies BONK’s appeal further is its scheduled token burn event, which aims to lower the overall supply. This scarcity effect, along with a broader holder increase, points to stronger long-term support. Even during minor market dips, BONK has delivered a 22% gain, showcasing short-term strength and liquidity. These moves position BONK as a serious contender in the discussion around the best crypto to buy now.

Shiba Inu (SHIB) Price Prediction: Chart Patterns Hint Breakout

Shiba Inu (SHIB) is nearing a key decision point. Currently priced around $0.00001296, it’s consolidating within a symmetrical triangle pattern. Technical indicators reveal a decrease in selling pressure and low volatility, both of which often precede a significant shift.

Most of SHIB’s supply is already in circulation, reducing inflation risks and making future price moves more sustainable. The key support area lies near $0.00001200, while resistance looms close to $0.00001300. If SHIB breaches this range, it could be poised for a swift upside run. These technical signs support the case for keeping SHIB on your watchlist as a potential breakout play.

BlockDAG’s X1 Miner App Explodes With 2M+ Users Daily Mining

BlockDAG is becoming a major force in 2025, fueled by its user-friendly mining system and explosive presale progress. The X1 miner app, available for both Android and iOS, enables users to mine up to 20 BDAG coins daily from their smartphones. The app size is only 50MB, ensuring wide compatibility across devices. It uses a Proof-of-Engagement algorithm that rewards users based on daily interaction, adding a gamified edge to mobile mining.

Beyond mobile, BlockDAG supports scalable mining with hardware options like the X10, X30, and X100, which allow users to earn up to 2,000 BDAG coins per day. These rigs cater to those looking to maximize returns while tapping into the platform’s high-speed capabilities.

The network is designed for exceptional throughput, targeting 100+ blocks per second while maintaining decentralization. To date, over 24 billion BDAG coins have been sold, raising more than $343 million during the presale. From batch 1 to batch 29, early buyers have already seen 2,660% growth in their funds. The current GLOBAL LAUNCH release price sits at $0.0016, available until August 11th. At this price, returns could soar to 3,025% compared to the planned $0.05 listing.

BlockDAG’s progress, paired with its scalable blockchain and mobile-friendly mining, highlights why many now view it as the best crypto to buy. It delivers simplicity, performance, and real earning potential without the technical hassle often found in traditional mining setups.

Final Call!

This year is shaping up to be a strong one for BONK, SHIB, and BlockDAG, each showing unique upside potential. BONK continues to deliver gains and draw institutional focus due to its growing community and deflationary model. SHIB’s chart setup looks promising, with price compression hinting at a possible breakout in the near term.

Yet, it is BlockDAG that leads the charge. The 2M+ users on its X1 mining app, combined with over $343 million raised and a high ROI already delivered, make it stand out as the best crypto to buy right now. Its $0.0016 GLOBAL LAUNCH release price is available only until August 11th, adding urgency for those seeking early gains.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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Final 6 Days to Grab BlockDAG’s No-Vesting Access Offering Full Launch Control While Pi Falls and ONDO Surges Ahead

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24 hours ago

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July 20, 2025

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The crypto market is seeing a clear divergence in trends. Pi Network’s price has dropped once again, testing old support, even as a whale accumulates millions worth of PI. Meanwhile, ONDO’s price trend has turned positive, finally breaking resistance after months of sideways action.

Amid these shifts, BlockDAG (BDAG) is stealing the spotlight. The project has opened up a rare NO VESTING PASS deal, lasting only 7 more days, giving buyers a way to unlock 100% of their coins at launch. The current offer includes full launch access and a limited $0.0016 entry price that ends on August 11.

Whale Activity Rises as Pi Network Price Falls Below Support

Pi Network’s price dropped below $0.450 again on Tuesday, retesting the $0.4460 support. Although it had crossed $0.500 briefly last week, it couldn’t hold the gain. Exchange data from PiScan shows over 737,000 PI coins moved to centralized exchanges in 24 hours, suggesting more sell pressure.

Adding to that, July brings the largest token unlocks until 2027, raising further concerns about supply flooding the market. Still, a whale recently bought 5.3 million PI worth $2.38 million, showing some players still see upside. The RSI hints at a possible pause in selling, but MACD trends stay bearish for now.

ONDO Breaks Resistance with Strong Price Action and Growing Support

ONDO’s price action looks more optimistic this week. The token moved past its $0.87 resistance level, confirming a breakout from a long-term descending triangle pattern. It’s now trading near $0.94, up more than 15% in the past 30 days.

Technical charts point to further gains toward $1.10 and maybe even $1.60 if sentiment stays strong. The ONDO price trend is also being backed by higher trading volume, a growing user base of 146,000+ holders, and a rise in total value locked, which now stands at $1.39 billion.

These signs suggest buyers are starting to take control, positioning ONDO for a possible longer-term breakout if support holds.

BlockDAG’s 6-Day No Vesting Pass Unlocks Full Coin Access at Launch

BlockDAG is now offering a rare 6-day NO VESTING PASS that gives full control to buyers at launch. This means all BDAG coins purchased during this short window will be fully accessible from the first day of launch. There is no lock-up period and no phased release. Buyers can hold or trade their coins without waiting.

The presale has already brought in over 342 million dollars and more than 24 billion coins have been sold. With strong traction, the project stands out as one of the most watched in the crypto space right now. The current price is just 0.0016 dollars, even though the confirmed launch price is 0.05 dollars. This gives a return of up to 3,025 percent for those who join now.

It is important to note that only coins bought during this 6-day window come with full access. Any bonus or referral rewards will still follow the regular schedule.

As August 11 approaches, this limited-time chance is gaining attention from those looking for early access and strong gains. With just 6 days left, the NO VESTING PASS has created a clear entry point for those who want immediate liquidity and a major price advantage at launch.

In Summary

The Pi Network price shows little recovery, even with whale activity, as unlocked supply puts pressure on the market. In contrast, ONDO’s bullish breakout and strong technicals are pointing to more gains ahead.

Still, the most exciting move could come from BlockDAG. With its $342M presale, 3,025% upside potential, and a NO VESTING PASS valid for just 6 more days, BDAG’s offer stands out. The chance to gain full coin control at launch with a $0.0016 entry could place it among the top opportunities before August 11.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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