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<ul class="news-points"> 
 <li><strong>Judge scrutinizes the SEC for false claims in the DEBT Box case</strong></li> 
 <li><strong>SEC “regrets” and plans mandatory staff training following misleading statements in the DEBT Box case</strong></li> 
 <li>Coinbase’s CLO expressed skepticism about the SEC’s “regret.”<strong></strong></li> 
</ul> 
<p>The U.S. Securities and Exchange Commission (SEC) has recently acknowledged mistakes in its legal proceedings against cryptocurrency firm <a href="https://coinedition.com/terra-vs-sec-lawyers-point-at-secs-misconduct-in-debt-box-case/">DEBT Box</a>. This admission comes amid scrutiny from a federal judge in Utah over potentially misleading statements by the SEC.&nbsp;</p> 
<p>Speaking on X, Ripple CTO David Schwartz revealed the SEC’s plan for corrective action, stating, “The SEC has <a href="https://t.co/EZjNoHCy7Y" target="_blank" rel="nofollow">filed</a> its response to the Order to Show Cause in the Debt Box case.”&nbsp;</p> 
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   <p lang="en" dir="ltr">The SEC has filed its response to the Order to Show Cause in the Debt Box case.<a href="https://t.co/EZjNoHCy7Y" target="_blank" rel="nofollow">https://t.co/EZjNoHCy7Y</a> <a href="https://t.co/N4k3MLscns" target="_blank" rel="nofollow">pic.twitter.com/N4k3MLscns</a></p>— David "JoelKatz" Schwartz (@JoelKatz) <a href="https://twitter.com/JoelKatz/status/1738115812559654975?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 22, 2023</a>
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<p>Judge Robert J. Shelby has intensified this scrutiny, challenging the SEC’s practices in a decisive move. He identified several claims by the SEC, especially those about DEBT Box’s supposed asset transfers to circumvent U.S. laws, as “false or misleading.” Shelby’s <a href="https://storage.courtlistener.com/recap/gov.uscourts.utd.141167/gov.uscourts.utd.141167.215.0.pdf" target="_blank" rel="nofollow">findings</a> led to the dissolution of a t…</p>
<p>The post <a href="https://coinedition.com/sec-regrets-misleading-statements-in-debt-box-case-coinbase-clo-skeptical/">SEC ‘Regrets’ Misleading Statements in DEBT Box Case, Coinbase CLO Skeptical</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

SEC ‘Regrets’ Misleading Statements in DEBT Box Case, Coinbase CLO Skeptical

Coin Edition

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