<ul><li>The U.S Securities and Exchange Commission (SEC) has withdrawn its appeal of a Texas federal court ruling that blocked its broker-dealer rule for cryptocurrencies.</li><li>The controversial rule sought to expand the SEC's oversight to decentralized finance platforms and automated market makers.</li><li>Industry groups including the Blockchain Association and Crypto Freedom Alliance of Texas celebrated the withdrawal as a victory for the crypto industry.</li><li>This decision reflects a shift in the SEC's regulatory strategy towards a more collaborative approach under new leadership.</li></ul>

Crypto Win: SEC Drops High-Stakes Controversial Crypto Broker-Dealer Rule

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