Skip to content
Home » SEC asks to dismiss contested crypto case in which agency faces sanctions over ‘materially false’ statements – Fortune

SEC asks to dismiss contested crypto case in which agency faces sanctions over ‘materially false’ statements – Fortune

SEC asks to dismiss contested crypto case in which agency faces sanctions over ‘materially false’ statements – Fortune

The Securities and Exchange Commission is seeking closure on a lawsuit against a crypto firm that’s put the regulatory agency in the unusual position of facing sanctions from a federal judge.In a court filing on Tuesday, SEC attorneys asked Judge Robert Shelby of the Northern Division District Court of Utah to dismiss the agency’s lawsuit without prejudice, meaning the case could be retried, in order to avoid any potential disciplinary actions.“While the Commission recognizes that its attorneys should have been more forthcoming with the Court, sanctions are not appropriate or necessary to address those issues,” the SEC lawyers wrote.Under Chair Gary… 

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *