The DeFi Education Fund and U.S. apparel company Beba LLC have voluntarily withdrawn their lawsuit against the U.S. Securities and Exchange Commission (SEC) without prejudice, allowing for potential future re-filing. The lawsuit, initiated in 2024, involved Beba as a plaintiff due to its previous token airdrop activities. The parties accused the SEC of enforcing digital asset policies without formal rulemaking procedures. The DeFi Education Fund cited recent signals from the SEC's crypto task force, indicating a possible exemption framework for certain airdrops, as the reason for pausing the legal action.
DeFi Education Fund and Beba LLC Withdraw SEC Lawsuit
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