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Beba and DeFi Education Fund Drop 2024 SEC Airdrop Lawsuit After Signs of Softer Crypto Stance
Texas-based apparel firm Beba and the DeFi Education Fund have moved to voluntarily dismiss their 2024 lawsuit against the US SEC over the treatment of free token airdrops. The case was withdrawn without prejudice, allowing them to revive the challenge if future SEC guidance on airdrops proves lacking. The filing points to work by the SEC Crypto Task Force, speeches from Commissioner Hester Peirce, and a recent White House directive as evidence of a changing regulatory approach.