From Fortune:



The SEC apologized for misrepresenting facts in a lawsuit against crypto firm DEBT Box. They admitted to falling short of their standards and promised to conduct mandatory training for staff. The lawsuit was filed in July, alleging that the project defrauded investors out of nearly $50 million. The SEC sought a restraining order and asset seizure, claiming the firm was trying to move operations overseas to avoid regulation. However, it was revealed that the SEC misrepresented facts about the firm’s operations, leading to a strongly worded order from the judge. The SEC was criticized for being too aggressive in its enforcement actions against crypto firms. In their response, SEC attorneys acknowledged their lapses in judgment and stated that mandatory training would suffice as sanctions against the agency. They also admitted to making errors in presenting evidence due to haste and oversight. The SEC planned to assign a new team of attorneys to assess their missteps in the case.



Original: SEC ‘deeply regrets’ errors in crypto case, asks judge to waive sanctions after misleading statements