US SEC Drops Case Against Wrongly Prosecuted Cryptocurrency Firm
The US Securities and Exchange Commission (SEC) is set to drop its case against cryptocurrency project Debt Box, which was accused of being wrongly prosecuted, according to Cointelegraph. The SEC filed a complaint in July alleging that "the company plans to sell node licenses, an unregistered...
The US Securities and Exchange Commission (SEC) is set to drop its case against cryptocurrency project Debt Box, which was accused of being wrongly prosecuted, according to Cointelegraph. The SEC filed a complaint in July alleging that "the company plans to sell node licenses, an unregistered security, beginning in 2021," and froze the project's assets in August. In response, U.S. District Judge Robert Shelby of the U.S. District Court for the District of Utah said the SEC's allegations were false.
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