On March 25, 2024, Beba, a small apparel company located in Waco, TX, partnered with the DeFi Education Fund to file a lawsuit against the Securities and Exchange Commission. The suit challenges the SEC’s statements that there may be securities law implications with Beba’s intent to sell duffel bags to people at a discounted price.

No, you did not read that incorrectly.

If your first reaction was to ask “why would the SEC be involved in this at all?,” then your reaction probably lines up with the overwhelming majority of people who are familiar with securities law and/or duffel bags. 

Now, let me introduce an additional piece to the puzzle: Beba plans to gatekeep access to the…

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