Debt Box co-founder kidnapped by associates, forced to surrender $400M amid SEC lawsuit.
Debt Box co-founder kidnapped, and $400 million stolen amidst ongoing SEC lawsuit.
The judge has decided to dismiss the case.
The SEC will close its Salt Lake City office, reducing regional branches from 11 to 10, following staff attrition related to an unsuccessful DEBT Box litigation.
The SEC will close its Salt Lake City office after a costly legal battle with cryptocurrency company DEBT Box, following Judge Robert Shelby's ruling imposing substantial financial penalties on the regulator.
A judge has ordered the SEC to pay $1.8 million for "bad faith conduct" related to a temporary asset freeze on DEBT Box.
The SEC closes its Salt Lake City office after a judge dismisses its case against DEBT Box. This follows significant employee attrition.
The SEC's Salt Lake City office, known for its failed lawsuit against DEBT Box, will shut down due to high staff attrition linked to the case.
The U.S. District Court for the District of Utah dismissed the SEC’s case against Debt Box and ordered the SEC to pay approximately $1.8 million in fees.
The US SEC faces a $1.8 million bill after Judge Robert J. Shelby dismissed its case against Debt Box on May 28.
A U.S. judge dismissed the SEC's case against DEBT Box and ordered the SEC to pay $1.8 million in legal fees, criticizing the regulator for bad faith conduct and false statements.
The SEC has been ordered to pay $1.8 million after a judge ruled against them in their lawsuit against DEBT Box, describing the SEC's conduct as a 'gross abuse of power'.
A judge sanctioned the SEC, ordering it to pay $1.8 million, for misconduct in its lawsuit against DEBT Box, ensuring he oversees any further action.
A U.S. federal judge has ruled that the SEC must pay over $1.8 million for misconduct in its case against Digital Licensing, or Debt Box, due to bad faith conduct and misrepresentations in obtaining a TRO.
DEBT Box, a crypto mining firm, had its case dismissed by a U.S. judge, who also ordered the SEC to pay $1.8 million in legal fees, leading to a surge in DEBT Token (DEBT).
A judge dismissed a case against the crypto firm DEBT Box, ordering the SEC to pay $1.8 million. The firm called it a "monetary victory," stating the SEC can't proceed in its current form.
The US District Court for the District of Utah dismissed the SEC's case against DEBT Box and fined the SEC $1.8 million for bad faith actions.
A U.S. judge has dismissed the lawsuit brought by the SEC against Debt Box, also entailing a $1.8 million attorney fee reimbursement, marking a significant victory for Debt Box.
A US judge dismissed a cryptocurrency lawsuit against Debt Box and mandated the SEC to reimburse $1.8 million in legal fees.
Judge Shelby condemned the SEC's overreach in the Debt Box case, marking a significant victory for the crypto sector. Paul Grewal of Coinbase underscored the ruling's importance for crypto regulation.
A federal judge has ordered the SEC to pay $1.8 million in legal fees over misconduct in a lawsuit against Digital Licensing, operating as Debt Box.
A U.S. District Court Judge has ruled that the SEC must pay $1.75 million in legal fees and expenses in the Debt Box cryptocurrency case, questioning the SEC's regulatory approach.
The District Court in Utah dismissed the SEC's case against DEBT Box and fined the SEC over $1.8 million for bad faith actions.
US District Court Judge Robert J. Shelby criticized the SEC for its conduct in the Debt Box case, ordering the agency to pay $1.75 million for legal fees and costs incurred due to the agency's litigation process.
U.S. District Judge Robert J. Shelby ordered the SEC to pay a $1.75 million fine due to misleading conduct in its lawsuit against crypto firm Debt Box.
A U.S. federal judge has ordered the SEC to pay $1.8 million in legal fees to Debt Box, dismissing the case against them without prejudice.
The U.S. District Court ruled the SEC must pay $1.75 million for misleading conduct in its case against crypto firm Debt Box. The fee covers $1 million in attorney fees and $750,000 in additional costs.
Paul Grewal, Coinbase's Chief Legal Officer, has criticized the SEC for 'gaslighting' the crypto industry, using the case against Digital Licensing Inc. as an example.
The SEC seeks dismissal without prejudice of its Debt Box lawsuit, which allows for the case to possibly be refiled in the future. The court, however, has expressed criticism of the SEC's present suit.
The Cedar Innovation Foundation seeks SEC communication transparency by filing a FOIA request over the DEBT Box case.
Democrats and Republicans are divided on how the SEC has been enforcing crypto regulations and court case decisions.
