Debt Box

Stunning Reversal: SEC’s Debt Box Case Crumbles, Court Orders Regulator To Pay $1.8M

May 29, 2024
The U.S. Securities and Exchange Commission’s (SEC) case against the cryptocurrency company Debt Box has, in a stunning reversal, crumbled, with the agency being fined $1.8 million for abuse of power. The U.S. District Court for the District of Utah issued this landmark ruling, highlighting “bad-faith misconduct” by the SEC in its regulatory actions against