CandleFocus A US Court Ruled in Favor of the SEC in a Cryptocurrency Case!
2024-09-25
Author: Content Editor
A federal court has ruled against Green United in a fraud lawsuit filed by the SEC, stating that the cryptocurrency mining "Green Boxes" sold by the company qualify as securities. Green United had argued that the Green Boxes did not involve securities transactions, but the court disagreed and sided with the SEC. The SEC alleges that Green United defrauded investors by selling mining hardware as part of a larger scheme and the court ruled that the SEC had sufficiently alleged that these transactions met the criteria for an investment contract.
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