In the DEBT Box-SEC case, which has been ongoing since last year, the expected happened and the judge dismissed the case. The SEC, which left the process defeated, will have to pay the crypto company’s costs of 1.8 million dollars.

Utah District Judge Robert Shelby stated in his latest decision that the case was dismissed, but also gave the SEC the right to re-sue the organization with similar accusations. This request came from the SEC.

The judge said “I will fine you”

In December, Judge Shelby also took a tough stance against the SEC and said that the agency’s lawyers had misled the case. Judge Shelby stated that he could fine and sanction the organization. The SEC had accused DEBT Box of selling unregistered securities.

New lawyers will come

After filing the lawsuit, the SEC used its power to obtain a $50 million asset freeze from the court, without taking DEBT Box’s defense. The SEC claimed that the company wanted to move the assets out of the US, but these claims were later disproven. The SEC also admitted its mistake. The SEC also asked the judge to dismiss the case on the condition that it could be reopened. The organization stated that it would start working with a new group of lawyers. It is seen that the judge gave this chance to the SEC again with his decision.

“We won a historic victory”

The DEBT Box company interpreted the decision as a victory. The following statements were used in the statement:

“The US District Court for the District of Utah officially dismissed the SEC’s lawsuit against us. This means that the case is closed and any future action by the SEC must be approved by Judge Shelby. Even if the case is reopened, it will not proceed in the way the SEC wants. The court also ordered the SEC to pay all costs. This is a very important step for justice and transparency. Today’s decision is a historic victory. Not just for us, but for the entire industry.”