SEC Accused of Deception: How Misleading the Court Cost Millions
Web3 Wavefronts - Digestible News on Crypto, DeFi and AI · theWeb3.news
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Show Notes
The SEC faces significant legal costs after a lawsuit against DEBT Box, formerly known as Digital Licensing Inc, which it filed last year was found to be based on misleading statements. The commission may end up paying around $1.8 million as restitution, which might be covered by federal government funds. The SEC's handling of this case saw sanctions being imposed on them by Judge Robert Shelby, and two of its lawyers involved, namely Michael Welsh and Joseph Watkins, leaving the agency. This controversy could lead to the case being dismissed either with or without prejudice. Separate to this, the NYSE is considering operating 24/7, similar to cryptocurrency markets.
Read in-depth analysis on this topic at: https://theweb3.news/crypto/sec-accused-of-deception-how-misleading-the-court-cost-millions/
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