The Securities and Exchange Commission (SEC) has taken action against Digital Licensing Inc., also known as DEBT Box, and its executives for an alleged fraudulent scheme. The company, based in Utah, is accused of selling unregistered securities to U.S. investors, raising $50 million along with undisclosed amounts of Bitcoin and Ether. The SEC claims that DEBT Box used deceptive tactics to convince investors that they would generate profits from crypto mining activities. The agency has imposed an asset freeze and other measures and is seeking permanent injunctions, the return of gains, and civil penalties. The court has appointed a temporary receiver to gather assets for investors. The SEC’s action aims to protect victims and halt further harm from the defendants’ actions.
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