The SEC, which admitted that it made false statements against the cryptocurrency company, plans to drop the case in question.
The US Securities and Exchange Commission (SEC) last year August in the month, DEBT Box A cryptocurrency company named 50 million dollar fraud accused and various sanctions He had applied it.
These sanctions were soon brought to the US court, where the SEC filed a lawsuit against the cryptocurrency company.false and deceptiveIt was stated that he took action by making statements. SEC attorneys agreed and ultimately backed down.
SEC plans to drop case
Regulatory agency lawyers Tuesday, January 30 In their statement on the day, they stated that withdrawing the case without prejudice was the most reasonable option. While it was stated that the petition for withdrawal will be submitted in the coming period, “withdrawal without prejudiceTherefore, in the coming period Signal that the same case may be reopened given:
The Commission decided that the best course of action was to withdraw this case without prejudice. Therefore, a petition to withdraw this case without prejudice is hereby permitted and will be filed at a later date.
“Sanctions were unnecessary”
In previous hearings, the US court stated that these sanctions against the SEC’s cryptocurrency company were unnecessary and impulsive. The judge said in those days that the SEC “that their false statements undermined the integrity of the case.” and Debt Box “irreparable damage” he noted that he opened it.
In the statement made by SEC lawyers on January 30, These sanctions were deemed unnecessary:
While the Commission acknowledged that its lawyers should have been more forthcoming with the court, the sanctions imposed were not appropriate or necessary to address these issues.
SEC in the past coinbase, Binance And Ripple (XRP) He sued many leading cryptocurrency companies, including. Many of these cases have not yet been resolved. SEC Chairman Gary Gensler He claimed that the companies in question were selling securities unregistered through cryptocurrencies.