The SEC has taken steps to dismiss its case against cryptocurrency mining software firm Digital Licensing, known as Debt Box. The agency filed a reply to its motion for the court to dismiss the case without prejudice, allowing them to sue Debt Box again. The U.S. District Court for Utah Northern Division criticized the SEC for its actions and ordered reimbursement of legal fees to Debt Box. Despite Debt Box's objection to the dismissal without prejudice, the SEC argued it was in the investors' best interest. Conditions were proposed by Debt Box if the case was refiled, with the SEC agreeing to most. The SEC faced backlash for freezing Debt Box's assets and using misleading information. The case highlights the ongoing debate over crypto regulation under SEC Chair Gary Gensler's leadership. Read more AI-generated news on: https://app.chaingpt.org/news