News with the tag "debt box"

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 attorneys lied to the court, and no one in your leadership h...

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.

As a result of its ongoing crackdown on the nascent crypto industry and mounting unfavorable results in its cases against digital asset platforms, the US Securities and Exchange Commission (SEC) has announced the impending closure of its regional office in Salt Lake City, citing “significant attriti...

In a ruling, the US Fifth Circuit Court of Appeals in New Orleans invalidated the SEC’s regulations mandating hedge funds and private equity firms to disclose quarterly fees and expenses. This decision marks a notable defeat for the Securities and Exchange Commission, which has been pushing for incr...

The U.S. Securities and Exchange Commission (SEC) has announced the closure of its Salt Lake Regional Office (SLRO) due to attrition and a focus on organizational efficiency. This move will reduce the number of SEC regional offices from 11 to 10. The jurisdiction for Utah, previously held by SLRO, w...

The United States Securities and Exchange Commission (SEC) will close one of its eleven regional offices after a federal judge ordered the regulator to pay roughly $1.8 million in attorney and receivership fees. In a June 4 notice, the SEC announced it would shut down its Salt Lake Regional Office i...

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 the case.

The recent legal showdown between the US Securities and Exchange Commission and Digital Licensing Inc., operating as Debt Box, has taken a surprising turn in favor of the latter. Chief Judge Robert J. Shelby of the US District Court for the District of Utah junked the SEC’s civil suit against Debt B...

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 obtaining and defending an ex parte temporary restraining ord...

The US District Court for the District of Utah on Tuesday threw out the SEC's case against DEBT Box and imposed fines exceeding $1.8m on the regulatory body for its bad faith actions. The post Judge Throws Out DEBT Box Case, Orders SEC to Pay $1.8M appeared first on Cryptonews .