Learn English: SEC Faces Possible Sanctions as Judge Questions Accuracy of DEBT Box Case (hard)

1 year, 5 months ago

SEC Faces Possible Sanctions as Judge Questions Accuracy of DEBT Box Case

A judge has warned the SEC lawyers about potential sanctions due to deceptive statements in a legal action against DEBT Box.

The SEC had convinced the court to freeze DEBT Box's assets, but it was later revealed that these assertions were inaccurate.

The judge suspects that the SEC lawyers may have violated federal court Rule 11(b) by misrepresenting facts.

This case highlights the complexities of cryptocurrency regulation and emphasizes the importance of legal responsibility.

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Source

Original: Cointelegraph

Tags

#SEC #DEBT Box #crypto company #legal action #cryptocurrency regulation

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