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.