Posted 12/2/2023, 7:25:29 AM
Judge Questions SEC Statements in Crypto Company Case, Hints at Sanctions Over Inaccuracies
- Judge questions accuracy of SEC's statements in legal case against crypto company DEBT Box, hints at possible sanctions
- SEC had convinced court to freeze DEBT Box's assets by arguing they were moving overseas to evade regulation
- But found SEC's claims about overseas transfers and bank account closures were inaccurate
- Judge issued "show cause order" for SEC to explain why they shouldn't face penalties for deceptive actions
- Complexity of case shown by TRM Labs report backing SEC's claim that DEBT Box deceived investors about mining tokens