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Type of SEC Restructuring Post-DEBT Box Case by End of 2024
5
Resolution / Starting Odds
Major Restructuring • 33%
Minor Changes • 33%
No Change • 34%
Official SEC announcements or government publications
Story
Judge Shelby Orders SEC to Pay $1.8M in Damages for Abusing Power Against DEBT Box in 2023
May 28, 2024, 10:28 PM
A U.S. District Court judge has dismissed the SEC's case against the cryptocurrency company DEBT Box, ordering the SEC to pay $1.8 million in damages. The ruling, delivered by Judge Robert Shelby, cited the SEC's bad faith conduct in a previous March ruling involving a temporary restraining order to freeze DEBT Box's assets. This decision marks a significant setback for the SEC, as it highlights the misuse of authority by the regulatory body. The damages stem from a civil lawsuit filed in 2023, and the fine will be paid using taxpayer money.
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Appeal • 33%
New case filing • 33%
No further action • 33%
Increase in regulatory actions • 33%
Decrease in regulatory actions • 33%
No significant change • 34%
Increased Revenue Sharing • 33%
Reduction in Settlement Payments • 33%
Status Quo Maintained • 33%
Increased regulatory actions • 33%
No change in regulatory stance • 33%
Decreased regulatory actions • 34%
Amicable settlement • 33%
Court intervention • 33%
Partial settlements • 34%
Plan Approved, Repayment Begins • 33%
Plan Approved, Repayment Delayed • 33%
Plan Rejected • 34%
Major restructuring • 33%
Minor adjustments • 33%
No changes • 34%
New disclosure rules • 25%
Increased enforcement actions • 25%
Revised compliance guidelines • 25%
Introduction of new transparency measures • 25%