U.S. SEC plans to dismiss lawsuit against DEBT Box
The US SEC submitted a brief to the court today, planning to dismiss the lawsuit against DEBT Box. SEC stated in the brief, "Although the Commission recognizes that its lawyers should be more willing to communicate with the court, sanctions are not appropriate or necessary for addressing these issues."
SEC first sued Digital Licensing Inc. operating under the name DEBT Box in July last year and admitted to making inaccurate statements in late December, facing sanctions for the misleading statements.
FOX Business reporter Eleanor Terrett stated that theoretically, this action opens the door for SEC to bring new lawsuits against Debt Box in the future. If the judge accepts the dismissal proposal, it does not necessarily mean that the organization can escape punishment, as the judge can choose to impose monetary sanctions on the organization for misleading the court.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
