SEC's case against crypto mining firm DEBT Box dismissed with legal fees of $1.8 million awarded

The US Securities and Exchange Commission (SEC) has had its case against crypto mining firm DEBT Box dismissed without prejudice by a federal judge, who also ordered the regulator to pay legal fees of almost $1.8m. The SEC had requested the case be dismissed without prejudice after the judge threatened to sanction the regulator over "false and misleading statements" made as it was filing its complaint. The regulator sought the dismissal in order to enable a new team of attorneys to "determine whether it is appropriate to recommend the Commission proceed with a new complaint," it said in an earlier filing. DEBT Box hailed the ruling as a "monumental victory".