- Debt Box defendants accuse the SEC of concealing the truth to their detriment.
- The defendants now call for sanctions against the regulatory body.
- They claim the gravity of the situation cannot be remedied merely through apologies.
The DEBT Box Defendants have filed a reply brief in the standing lawsuit with the U.S. Securities and Exchange Commission (SEC), asking the court to punish the regulator for its deliberate misdeeds. David Schwartz, Ripple’s chief technology officer, called attention to this development in a recent statement on X, sparking the reaction of other prominent figures.
The first reply brief by the Debt Box defendants has been filed, and it's a doozy! It's an important to read because the personal consequences (including several families unexpectedly visited at their homes by armed men) are chilling.https://t.co/MmHKTBwJmU pic.twitter.com/1XKSxhI9Ax— David "JoelKatz" Schwartz (@JoelKatz) January 16, 2024
In their statement, the DEBT Box Defendants accuse the SEC of knowingly suppressing a false statement for months, causing extensive damage to defendants, third-party businesses, token holders, and others globally.
According to the def…
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