SEC Faces Possible Sanctions in DEBT Box Case, Judge Warns

SEC Faces Possible Sanctions in DEBT Box Case, Judge Warns



United States District Judge Robert Shelby has issued a warning to lawyers from the Securities and Exchange Commission (SEC), suggesting that they may face penalties for making potentially misleading statements in their legal action against Digital Licensing Inc., also known as DEBT Box, a cryptocurrency company.



This legal action, which was filed in a federal court in Utah, accused DEBT Box of deceiving investors by approximately $50 million through the sale of unregistered securities referred to as "node licenses." Judge Shelby's ruling uncovered significant inconsistencies in the SEC's case. Initially, the SEC, led by attorney Michael Welsh, convinced the court to freeze DEBT Box's assets by claiming that the company was relocating to Dubai to evade U.S. regulations. However, it was later revealed that these claims were


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