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Coinbase Resumes Access to Debt Box Assets amidst SEC Controversy
Coinbase recently made the decision to unfreeze the assets of Debt Box following a discovery of discrepancies in the Securities and Exchange Commission’s (SEC) representation of its case against the firm. The move comes after Paul Grewal, Coinbase’s chief legal officer, exposed the flawed actions of the SEC in a social media post on February…
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SEC acknowledges misrepresentation of facts in case against cryptocurrency company Debt BOX
The U.S. Securities and Exchange Commission (SEC) recently made a surprising admission of inaccurate statements in an ongoing case against Debt BOX, a cryptocurrency firm that has been accused of engaging in significant fraud. The SEC is alleging that Debt BOX played a part in defrauding investors of nearly $50 million. While the essential allegations…
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Terraform Labs claims SEC’s alleged misrepresentations in DEBT box case as grounds for summary judgment
Terraform Labs Requests Summary Judgment in SEC Lawsuit, Citing Misrepresentations in DEBT Box Case Terraform Labs, a prominent blockchain company, has requested a summary judgment in the ongoing lawsuit brought against it by the U.S. Securities and Exchange Commission (SEC). The request, made on December 4, 2023, argues that the SEC has misrepresented facts in…
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SEC faces potential sanctions from judge over alleged ‘misleading’ statements in crypto case
U.S. District Judge Robert Shelby has recently issued a stern warning to attorneys from the Securities and Exchange Commission (SEC) about possible sanctions. The warning comes as a result of what the judge called “misleading” statements made during court proceedings in a lawsuit involving cryptocurrency firm Debt Box. According to court filings, the SEC had…
