🚀 Today, the DeFi Education Fund & Beba sued the SEC🚀 

The crypto industry is facing an existential threat from an overzealous regulator who is abusing its power by targeting our industry through unending aggressive enforcement actions. 

It’s time for the court to put an end to it.

Today, we @fund-defi sued the SEC. It has everything to do with airdrops + stopping the SEC’s regulation by enforcement crusade against our industry.

We do policy and advocacy work to help DeFi flourish. 

Looking to donate? 
https://www.defieducationfund.org/supportus

Chief Legal Officer at DeFi Education Fund @fund-defi. Human to bader the dog. Avid reader of fantasy fiction. Constantly seeking excellent food.

The complaint has two claims:

1)a DJA claim seeking a court order that Beba’s free airdrop of its $BEBA token is not a securities tx and $BEBA tokens themselves are not investment contracts. Because $BEBA tokens were given away for free, there was no “investment of money” by recipients of the airdrop.

Read the complaint here: https://www.defieducationfund.org/_files/ugd/84ba66_3f7a8f2ca6614d7381122cb1beeed4a8.pdf

Please show Beba some love for their bravery and conviction in joining us in this fight. Beba is a small business founded by two brothers who believe digital assets have the power to change the world. Buy their bags or their NFTs, and follow/promote on social.

Please show Beba some love for their bravery and conviction in joining us in this fight. Beba is a small business founded by two brothers who believe digital assets have the power to change the world. Buy their bags or their NFTs, and follow/promote on social.

https://bebacollection.com/collections/aberdare-collection

You can support DEF directly too. https://www.defieducationfund.org/supportus

2) An APA claim by @fund-defi and Beba challenging the SEC’s unlawful adoption of its “nearly all digital assets are securities” policy. The APA requires the SEC to do rulemaking with opportunity for public notice and comment. The SEC has instead filed an huge number of enforcement actions against the industry.