BREAKING🟢 SEC gets REKT in $1.8M loss
Read summaryThe SEC has been fined over $1.8 million in the debt box case for false statements, abuse of power, and regulatory overreach. The SEC sued debt box for allegedly defrauding investors of $49 million by offering node licenses for tokens that were never mined. The judge sanctioned the SEC for their actions, and two lawyers resigned as a result. The court dismissed the SEC's case against debt box without prejudice, imposing a $1.8 million fine on the SEC for attorney and receiver fees. Debt box sees this as a positive outcome and hopes it sets a positive precedent in the industry. This is a win for the crypto industry and a blow to the SEC. Taxpayer dollars fund the SEC, so this loss affects the public. This case highlights the flaws in the SEC's actions and lack of legislation regarding crypto. Overall, a victory for debt box and potentially for the crypto industry as a whole. 🎉👏🏽 #cryptowin #SECloss #debtboxcase
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