U.S. Judge Threatens SEC with Sanctions for False Arguments in Crypto Case

A U.S. federal judge has warned Securities and Exchange Commission (SEC) attorneys that they may face sanctions for allegedly making "false and misleading" arguments in a crypto case. The judge accused the SEC of convincing the court to freeze the assets of crypto project Debt Box based on misleading claims about the project's attempts to transfer funds overseas. The judge stated that these misrepresentations undermined the integrity of the case and caused irreparable harm to Debt Box. The SEC has been given two weeks to respond to the judge's findings.