**Crypto Mining Firm Green United Faces Legal Setback**
Green United LLC's attempt to dismiss a lawsuit by the SEC has been denied. The SEC accuses executives Wright Thurston and Kristoffer Krohn of running a fraudulent crypto mining scheme, raising $18 million from investors.
Key Points:
- **Fraud Allegations:** The SEC claims Green United sold "Green Boxes" and "Green nodes" as miners for the GREEN token, which didn't exist.
- **Judge's Decision:** Judge Ann Marie McIff Allen ruled that the SEC adequately alleged securities fraud.
- **False Promises:** Investors were misled to believe they were earning GREEN tokens through mining.
- **Reality Check:** The hardware sold was actually Bitcoin mining rigs, not GREEN token miners.
- **Next Steps:** The lawsuit will proceed to the discovery or trial stage.
Stay tuned for more updates on this developing story.