The U.S. Securities and Exchange Commission (SEC) is being sued by several cryptocurrency industry groups who argue that the regulator’s definition of a “dealer” in securities is overreaching and unclear, particularly when considered in the context of the digital asset industry.
The industry groups claim that the SEC’s current interpretation of the term includes any entity that participates in the transaction of digital securities. They argue that this definition is too broad and could potentially apply to numerous entities within the crypto sphere including miners, developers