Posted 12/1/2023, 11:06:00 PM
Judge Threatens Sanctions Against SEC Lawyers For False and Misleading Arguments in Crypto Firm Asset Freeze Case
- U.S. District Judge threatens to sanction SEC attorneys for making "false and misleading" arguments to freeze crypto firm Debt Box's assets
- Judge says SEC misrepresented Debt Box's alleged efforts to transfer assets and investors' funds overseas
- SEC originally sued Debt Box in July, alleging it sold unregistered securities called "node licenses" used to mine crypto
- Judge later dissolved asset freeze after Debt Box showed it hadn't moved funds overseas or closed bank accounts
- Judge gives SEC 2 weeks to respond to findings that its overseas transfer arguments lacked context and facts