“For its part, the Commission has never definitively stated which types of digital asset transactions it believes are securities transactions, which has caused significant uncertainty for the digital assets industry,” the suit said. “Instead, the Commission has taken an ad hoc approach to categorizing specific digital assets as securities, either through broad statements by individual Commissioners or through piecemeal enforcement actions and lawsuits.”

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• Source: https://www.coindesk.com/policy/2024/04/23/crypto-lobbyists-sue-sec-over-dealer-definition/?utm_medium=referral&utm_source=rss&utm_campaign=headlines