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SEC's Dealer Rule Loss Is A Lesson To Regulators, Atty Says

By Aislinn Keely ( December 20, 2024, 10:57 PM EST) -- A Sullivan & Cromwell LLP attorney who successfully litigated a crypto industry challenge to vacate a U.S. Securities and Exchange Commission rule expanding the definition of dealer said the Texas federal judge's decision is another block in the recent chain of court decisions warning federal agencies to refrain from stretching old statutory terms to reach new contexts that aren't clearly within their authority....

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