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Debt Box vs. SEC: Financial Technology Company Urges Judge to Dismiss Lawsuit, Citing Mistakes in SEC's Case

Debt Box Claims SEC Made Errors in Lawsuit Debt Box, a prominent financial technology company, is urging a judge to dismiss a lawsuit filed against them by the Securities and Exchange Commission (SEC). Debt Box alleges that the SEC made significant errors in its case, leading to the wrongful freezing of the company's assets. The incident has since been reversed, and Debt Box is now seeking to have the entire lawsuit dismissed based on these mistakes. SEC's Misleading Actions According to Debt Box, the SEC initially provided misleading information to the court, which resulted in the freezing of the company's assets. This action caused significant disruption to Debt Box's operations and reputation. However, upon further review, it was determined that the SEC had made critical errors in its case, leading to the reversal of the asset freeze. Grounds for Dismissal Debt Box is now arguing that the SEC's mistakes in the case are substantial enough to warrant the dismi

# Genesis Ordered to Comply with Subpoena in TerraUSD Collapse: A Critical Moment for Crypto Lending

In a recent development, a New York district judge has issued an order for crypto lender Genesis to comply with a subpoena and produce specific documents pertaining to the collapse of algorithmic stablecoin TerraUSD. Genesis, which failed to produce the requested documents on October 9, now has a five-day window to respond to the court's order. This legal action comes as part of the ongoing lawsuit filed by the Securities and Exchange Commission (SEC) against Terraform Labs and its founder Do Kwon, accusing them of defrauding investors and withholding essential information about the stablecoin. The outcome of this case could have significant implications for the crypto lending industry and the regulatory oversight of stablecoins.