DeFi Groups Drop SEC Lawsuit Over Crypto Airdrop Policy Shift

Texas-based company Beba and advocacy group DeFi Education Fund have withdrawn their lawsuit against the U.S. Securities and Exchange Commission, citing a perceived shift in the regulator’s stance on crypto airdrops.

The case, originally filed in 2024, challenged the SEC’s approach to digital asset enforcement, arguing that policies around airdrops were implemented without proper rulemaking procedures. The plaintiffs pointed to recent developments, including work by the agency’s crypto task force and public remarks from Hester Peirce suggesting that certain airdropped tokens may not be classified as securities.

Dismissal Leaves Door Open for Future Legal Action

The dismissal was filed without prejudice in a federal court in Texas, allowing the parties to refile the case if needed. Legal representatives stated they would monitor whether the SEC provides clear guidance or introduces an exemption framework for airdrops.

The move reflects broader changes in the SEC’s approach following leadership shifts, with the agency increasingly engaging with the crypto sector and reconsidering earlier enforcement strategies.

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