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Congressman Blasts SEC Chair Over Crypto Regulation Failures

[Sep 25 3:30 AM] Congressman Tom Emmer sharply criticized U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler during a congressional hearing, questioning his leadership and approach to cryptocurrency regulation. “The SEC broke the law, your…

Gensler grilled as most ‘destructive’ SEC chair before congressional hearing

[Sep 25 2:26 AM] SEC Chair Gary Gensler has taken heat from lawmakers and members of his own agency during a House Financial Services Committee hearing over his handling of crypto regulation in the United States.

SEC to Shutter Office Behind Failed DEBT Box Crypto Lawsuit

[Jun 4 1:48 PM] The Securities and Exchange Commission's Salt Lake City office – notorious in the crypto world for its failed fraud lawsuit against DEBT Box – will shut down after seeing "significant attrition" among its staff, some of whom were pushed out over…

SEC Ordered to Pay $1.8M for Misconduct — Debt Box Hails ‘Monumental Victory’ for Crypto Industry

[May 29 3:21 PM] A federal judge has ordered the U.S. Securities and Exchange Commission (SEC) to pay over $1.8 million in its case against the crypto firm Digital Licensing, also known as Debt Box. The penalty resulted from the SEC’s bad faith conduct in…

SEC tries again for Debt Box suit dismissal with option to refile

[May 14 3:33 PM] The SEC says case dismissal without prejudice is “normally granted” when a plaintiff requests it, but the court has criticized the agency’s current suit.

SEC Lawyers Resign After Judge Sanctions the Regulator for ‘Gross Abuse of Power’

[Apr 23 2:24 PM] Two lead attorneys for the U.S. Securities and Exchange Commission (SEC) in the case against crypto firm Debt Box have reportedly resigned. This followed a federal judge sanctioning the SEC for its “gross abuse of power” after the…

Two SEC Lawyers Resign Following Debt Box Sanctions Fiasco: Bloomberg

[Apr 22 1:42 PM] Two lawyers for the U.S. Securities and Exchange Commission (SEC) were forced to resign after a federal judge sanctioned the agency last month for committing a “gross abuse of power” while attempting to secure a temporary restraining order against…

SEC Moves to Dismiss Lawsuit Against Crypto Company Debt Box, Citing Inaccuracies in Court

[Jan 31 4:30 PM] The SEC has decided to abandon its lawsuit against Debt Box, a crypto company previously accused of defrauding investors of millions. This decision follows the SEC’s acknowledgment of presenting misleading information in court, a revelation…

SEC Makes ‘Materially False and Misleading’ Representations Against Crypto Firm — Judge Threatens Sanctions

[Dec 5, 2023 11:30 PM] The United States District Court for the District of Utah has expressed concerns that the U.S. Securities and Exchange Commission (SEC) is making “materially false and misleading representations” in its lawsuit against a crypto firm…

DEBT Box urges judge to toss suit as SEC got case ‘badly wrong’

[Dec 5, 2023 9:34 PM] The SEC initially misled a court to freeze DEBT Box’s assets, which has since been reversed, and the firm cited the incident as grounds to dismiss the suit.

SEC freezes assets of DEBT Box, alleging $50M node license 'sham'

[Aug 3, 2023 10:27 PM] Blockchain mining software firm DEBT Box has been accused of lying to investors about its involvement in crypto mining and its "node licenses."