Judge Orders SEC to Pay $1.8 Million After Dismissing DEBT Box Case
Federal judge criticizes SEC's conduct, allowing potential refiling while imposing significant financial penalties.
- Judge Robert Shelby dismissed the SEC's case against DEBT Box without prejudice, allowing for potential refiling.
- The SEC is ordered to pay $1.8 million in legal fees due to its conduct in the case.
- The court found the SEC made false and misleading statements to obtain a restraining order against DEBT Box.
- DEBT Box called the ruling a significant victory for the Web3 industry.
- The decision comes amid bipartisan calls for clearer crypto regulations.
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