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The judge upholds SEC's accusation that Green Boxes constitute securities
Judge Ann Marie McKeefe Allen of the US District Court for the District of Utah said the Securities Exchange Commission (SEC) had sufficiently charged that Green Boxes combined with escrow agreements constituted securities. The case is different from an investigation into whether digital assets and their transactions meet the investment contract test. Green United LLC failed to persuade a federal court to dismiss a civil fraud lawsuit brought against it by the SEC. The SEC filed a lawsuit in Mar...
2024-09-25 17:44:23
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