US judge criticizes SEC for "gross abuse" of power in dispute with blockchain firm
The Star Online - Tech·2024-03-20 08:01
(Reuters) - A U.S. federal judge said the Securities and Exchange Commission (SEC) had engaged in "gross abuse of the power entrusted to it by Congress" in its dispute with blockchain technology firm Digital Licensing, which does business as DEBT Box.
The regulator had sued the blockchain company in July last year, accusing it of defrauding investors of nearly $50 million.
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