Big news in the world of cryptocurrency! The US government's Securities and Exchange Commission (SEC), which makes rules for investing, lost a court case. They tried to make a new rule that would have changed how digital money works. This rule was about who needs to be licensed to deal in crypto. The judge said the SEC went too far.
- The SEC dropped its appeal, meaning they gave up fighting the case.
- This is because there's new leadership at the SEC, and they're changing how they deal with crypto.
- The crypto industry is happy because the old rule was too strict and hurt businesses.
| Who Won? | Crypto Industry |
|---|---|
| What Happened? | SEC lost a lawsuit. |
| What's Next? | The SEC might work better with the crypto industry now. |
