The SEC has admitted to making inaccurate statements in a lawsuit against cryptocurrency startup DEBT Box, resulting in a freeze on its assets and the closure of dozens of accounts. The SEC maintains that it acted in good faith and has the authority to seek an injunction. Additionally, Terraform Labs and the SEC will head to trial next month after a judge ruled the regulator’s claims that the crypto project committed fraud must be tried by a jury. Judge Rakoff's 71-page detailed decision in the Terraform case sides with the SEC, stating they were unregistered securities, but the case will go to jury on fraud claims.
Judge Grants Summary Judgment for SEC in Landmark #Crypto Case Against Terraform Labs https://t.co/OPWnjEc7fG
BIG BREAKING #CRYPTO NEWS: Judge Rakoff's 71 page detailed decision in Terraform case sides w @SECGov that they were in fact unregistered securities, but going to jury on fraud claims. By Jonathan Stempel @ReutersBiz https://t.co/N05Mn75xK4
Terraform Labs and the SEC will head to trial next month after a judge ruled the regulator’s claims that the crypto project committed fraud must be tried by a jury https://t.co/v6bp8W3SYc
#SEC 'Deeply Regrets' Errors in Case Against #Crypto Firm But Tells Court Sanctions Are Not Necessary https://t.co/GbGyItOQq7
The SEC admitted to making inaccurate statements in a lawsuit against cryptocurrency startup DEBT Box, leading to a freeze on its assets and the closure of dozens of accounts. The SEC maintains that it acted in good faith and has the authority to seek an injunction. Utah's top…
ICYMI: SEC admits it made inaccurate statements in Utah crypto case https://t.co/Li7CxMfNVr
SEC Admits Making Misrepresentations Against DEBT Box in Utah Crypto Case https://t.co/Q3MNEvYo1T