DeFi Education Fund files lawsuit to exempt airdrops from SEC’s securities classification

Oluwapelumi Adejumo

The DeFi Education Fund, a crypto advocacy group, and Texas-based apparel company Beba LLC have jointly initiated legal proceedings against the US SEC to clarify the status of airdrops as non-securities offerings. The March 25 court filing emphasized the need to halt the SEC’s regulatory actions, which the two entities perceive as an overreach into […]

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DeFi Education Fund files lawsuit to exempt airdrops from SEC’s securities classification