SEC Admits Mistake in Lawsuit Against DEBT Box!

The post SEC Admits Mistake in Lawsuit Against DEBT Box! appeared first on Coinpedia Fintech News

The Securities and Exchange Commission (SEC) has acknowledged errors in its lawsuit against cryptocurrency startup DEBT Box, resulting in the freezing of the company’s assets and the closure of dozens of accounts. The SEC accused DEBT Box of selling unregistered securities, but its statements in court have now been found to be inaccurate. Utah’s top federal judge has criticized the way SEC lawyers handled the case, raising doubts about the agency’s actions. The judge questioned whether the SEC had followed proper procedures and whether it had provided sufficient evidence to support its claims.