DeFi Lobbying Group Withdraws Lawsuit Against US SEC Over Airdrop Complaint, Citing Changed Industry Environment

SmartContractAuditor · 2026-03-17T06:33:22+00:00

Beba Apparel Company from Texas and the DeFi Education Fund have withdrawn their airdrop lawsuit against the U.S. SEC, which originally alleged that the SEC failed to regulate digital asset airdrops through formal procedures. The withdrawal indicates a potential shift in regulatory stance, with consideration for airdrop exemptions and a "safe harbor" mechanism. The lawsuit could be refiled in the future.

SmartContractAuditor

2026-03-17 06:33:22

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Odaily Planet Daily reports that Texas-based clothing company Beba and the crypto lobbying organization DeFi Education Fund have voluntarily withdrawn their airdrop-related lawsuit against the U.S. SEC in 2024. The lawsuit previously accused the SEC of regulating digital asset airdrops through enforcement actions without formal rulemaking, allegedly violating the Administrative Procedure Act.

The withdrawal document states that the progress of the SEC crypto task force and multiple public statements by Commissioner Hester Peirce suggest that regulators’ attitude towards airdrops may be shifting, including considerations of establishing an airdrop exemption framework and a “safe harbor” mechanism. DeFi Education Fund said that continuing the lawsuit is unnecessary under the current circumstances. The withdrawal is a dismissive without prejudice, and they reserve the right to file again in the future. (Cointelegraph)

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