A US district Court has cautioned the US SEC on a series of misinterpretations in its allegations against crypto firm Debt Box. The Court has threatened official sanctions if the regulatory body fails to substantiate its claims.
Court Questions SEC Attorney’s Inaccuracies In Crypto Case
United States District Judge Robert Shelby has called out attorneys of the US Securities and Exchange Commission (SEC) for several inconsistencies in its statements and claims against Debt Box, a blockchain technology network.
Earlier in August 2023 the SEC had obtained a warrant for a temporary asset freeze and restraining order against Debt Box. According to the SEC, Debt Box had allegedly violated securities laws by selling unregistered securities termed “node licenses” and defrauding investors of at least $49 million.
In the court filing, Michael Welsh, US SEC attorney, had made various allegations against Debt Box. The Commission had informed Judge Shelby that Debt Box was allegedly att
We współpracy z: https://bitcoinist.com/court-sanction-sec-crypto-firm/
