SEC, Fighting Sanctions for Misleading Judge, Seeks to Drop Crypto Enforcement Case
Also, SEC delays 'dealer' rule but could give hedge funds a big concession; commission rejects request to revise its 'no admit, no deny' policy in settlements
The SEC, already under fire for providing false information to the court in a crypto case, is now seeking to drop the entire suit. The surprise announcement, which veteran lawyers called highly unusual, leaves open the possibility that the agency will refile the charges.
The proceedings, against a company called Debt Box and a number of executives, beca…