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SEC Ends BitClout Fraud Case With Prejudicial Dismissal on 12 March 2026
On 12 March 2026, the U.S. Securities and Exchange Commission moved to dismiss its civil fraud lawsuit against BitClout and DeSo founder Nader Al-Naji with prejudice, eliminating the possibility of refiling the same claims. The complaint had alleged $257M in unregistered token sales and $7M in investor funds spent on personal items, yet the case concluded with no penalties and no admission of wrongdoing. The outcome aligns with a broader pattern of the SEC scaling back several prominent crypto enforcement actions since 2025.