SEC Hit With Sanctions In Crypto Case Over Gross Abuse Of Power

A federal judge has come down hard on the Securities and Exchange Commission (SEC) for misconduct in a cryptocurrency case, issuing sanctions and a scathing rebuke of the agency’s behavior. The case involves a Utah-based crypto firm called Debt Box. The SEC had obtained an emergency court order to freeze Debt Box’s assets and appoint a receiver […]

View Details

SEC receives court sanction over DEBT Box case

Court mandates SEC to pay DEBT Box's legal fees due to misconduct, raising concerns about taxpayer impact.

View Details

SEC's Misstep in Debt Box Lawsuit Sparks Senate Republican Critique

Five Republican senators have criticized the SEC for unethical conduct in a lawsuit against Digital Licensing, highlighting concerns about enforcement practices in the crypto sector. (Read More)

View Details

Coinbase unfreezes Debt Box assets amid SEC controversy

Coinbase has lifted the freeze on Debt Box’s assets after discovering discrepancies in the Securities and Exchange Commission’s (SEC) representation of its case against the firm. In a Feb. 13 post on social media platform X (formerly Twitter), Paul Grewal, Coinbase chief legal officer, highlighted the SEC’s flawed actions, saying the temporary restraining order (TRO) […]

The post Coinbase unfreezes Debt Box assets amid SEC controversy appeared first on CryptoSlate.

View Details

SEC Withdraws Lawsuit Against Debt Box Amid Misleading Evidence Controversy

The SEC has withdrawn its lawsuit against Debt Box, accusing it of a $50 million fraudulent scheme, paving the way for future charges and a significant shift in crypto firm regulatory landscape. (Read More)

View Details

SEC Moves to Dismiss Lawsuit Against Crypto Company Debt Box, Citing Inaccuracies in Court

The SEC has decided to abandon its lawsuit against Debt Box, a crypto company previously accused of defrauding investors of millions. This decision follows the SEC’s acknowledgment of presenting misleading information in court, a revelation that undermines the agency’s case and credibility. Inaccuracies in Court Lead SEC to Drop Fraud Case Against Crypto Firm Debt [...]

The post SEC Moves to Dismiss Lawsuit Against Crypto Company Debt Box, Citing Inaccuracies in Court appeared first on Crypto Breaking News.

View Details

SEC freezes assets of DEBT Box, alleging $50M node license 'sham'

Blockchain mining software firm DEBT Box has been accused of lying to investors about its involvement in crypto mining and its "node licenses."

View Details

SEC Freezes Assets of DEBT Box in $50 Million Crypto Fraud Case

The U.S. Securities and Exchange Commission (SEC) has obtained a temporary asset freeze, restraining order, and other emergency relief against Digital Licensing Inc., a Utah-based entity operating as "DEBT Box," along with its four principals and 13 other defendants. (Read More)

View Details