<ul><li>The U.S. Securities and Exchange Commission (SEC) has abandoned its legal effort to implement a rule that would have expanded its oversight of decentralized finance (DeFi).</li><li>Last August, the SEC adopted new rules requiring crypto liquidity providers and automated market makers with over $50 million in capital to register with the SEC.</li><li>Crypto advocacy groups filed a lawsuit challenging the SEC's rule, arguing it would impose compliance burdens on DeFi protocols.</li><li>The SEC dropped its appeal of the court ruling, providing regulatory clarity for DeFi projects and celebrating a victory for the crypto industry.</li></ul>

SEC Drops Bid to Impose Dealer Rules on DeFi Protocols

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