TechFlow news — The U.S. Securities and Exchange Commission (SEC) is moving to dismiss its lawsuit against cryptocurrency startup DEBT Box after the agency's attorneys admitted to making inaccurate statements in court.
The SEC stated that it has decided the appropriate course of action is to voluntarily dismiss the case without prejudice, and has been authorized to file the corresponding motion.
At the end of last December, the SEC acknowledged inaccuracies in its courtroom statements, admitting it failed to meet expectations for accuracy and candor. Judge Robert Shelby criticized the SEC's attorneys and demanded explanations regarding their "false or misleading" claims that DEBT Box attempted to move assets overseas to evade regulatory oversight.
