
The cryptocurrency industry is rallying against the SEC's regulation by enforcement strategy, with entities including DeFi Education Fund and Texas apparel company Beba, alongside Coinbase, filing lawsuits. These actions challenge the SEC's aggressive stance, particularly on issues like airdrops, demanding clarity in regulations. The industry's pushback is highlighted by a collective legal offensive, aiming for fair application of securities laws. Key points include the potential for an Eth ETF, rate cuts, and a pro-crypto stance from the Trump administration, alongside a $70+M war chest for legal battles. The lawsuits focus on the principle that free airdrops are not securities offerings and seek judicial intervention for clarity.

If coinbase were to win their case against the SEC, would this meaningfully improve ETH Spot ETF odds for 2024? Polymarket currently pricing ~22% by end of June (this is after Grayscale's final deadline)
Another industry lawsuit against the SEC. Good to be playing Offense! https://t.co/SsaBpH30RE
DeFi Education Fund and Texas apparel company Beba take SEC to court over 'regulating by enforcement' stance https://t.co/c8fyvPSM5C