Apparel Co., Crypto Backer Drop SEC Suit Over 'Airdrops'

By Katryna Perera ( March 16, 2026, 10:14 PM EDT) -- An apparel company and its cryptocurrency industry group backer preemptively suing the U.S. Securities and Exchange Commission have dropped their case over digital asset transactions being securities, saying the SEC's recent policy pivot "suggest[s] a change in the commission's position regarding free airdrops."...

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