Cryptocurrency

Bitcoin

Spot

The U.S. Securities and Exchange Commission (SEC) has approved Digital Licensing Inc., also known as DEBT Box. He expressed his deep regret for the mistakes made in the case filed against a cryptocurrency company called.
The agency asked the judge to refrain from sanctions after misleading statements led to a restraining order against the firm and the freezing of its assets.
SEC Enforcement Division chief Gurbir Grewal said:
<blockquote>
 “I fully appreciate the extraordinary responsibility placed on the SEC in enforcing the federal securities laws. “I understand that our department fell short of these standards in this case, and I apologize for this shortcoming.”
</blockquote>
Related News: <a href="https://en.bitcoinsistemi.com/claims-confirmed-seven-companies-meet-sec-on-same-day-for-bitcoin-spot-etf/" target="_blank" rel="noopener noreferrer nofollow">Claims Confirmed: Seven Companies Meet SEC On Same Day For Bitcoin Spot ETF</a>
The SEC filed a lawsuit against DEBT Box in July, claiming that the project defrauded investors of approximately $50 million. As part of the lawsuit, the SEC had sought a temporary restraining order and asset seizure against the firm and its executives. However, the defendants disputed the SEC's allegations, prompting a strongly worded order asking the judge to explain the SEC's actions.
In a 27-page response, SEC lawyers acknowledged the agency's shortcomings, saying, “The Commission cannot allow its ongoing effort to stop fraud to thwart its duty to be truthful and candid.”
While the judge talked about possible sanctions against the institution, the institution's lawyers argued that mandatory training would be sufficient because its staff did not exhibit “malicious behavior.” The SEC assigned a new team of lawyers from the agency's Office of General Counsel to evaluate his missteps and concluded that his staff “did not intend to mislead the court.”
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/sec-admits-to-making-misleading-claims-in-cryptocurrency-case-apologizes/" rel="noopener noreferrer nofollow">SEC Admits to Making Misleading Claims in Cryptocurrency Case, Apologizes</a>

SEC Admits to Making Misleading Claims in Cryptocurrency Case, Apologizes

Bitcoin Sistemi EN

2023년 12월 22일에 게재된 다른 기사

Artificial Intelligence Reshapes Content Marketing Landscape

Maximize Your Returns in 2024: Unleashing the Secrets to Achieving Up to 50% APY in Liquidity Pools

GroveToken to GroveCoin: A Journey Like No Other

Tron Founder and Other Shiba Inu (SHIB) Whales: Who's Loading Up on Millions?

SEC met multiple spot Bitcoin ETF applicants on Dec. 21

Solana Saga Phones Struggle Amidst Inventory Mishap and High Demand

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!