馃毃 Breaking Crypto News! 馃毃
A U.S. court has ruled that Green United's crypto mining boxes are securities, siding with the SEC's fraud claims. The Utah-based firm allegedly misled investors, raising $18M by promising profits from "green mining" that never happened. Instead, funds were used to mine Bitcoin, with no real value generated for investors.
Green United argues no losses occurred and challenges the SEC's authority. The court, however, upheld the SEC's stance.
馃挰 What are your thoughts on the SEC's regulatory reach? Share in the comments!
#CryptoNews #Blockchain