The U.S. Securities and Exchange Commission (SEC) has fought off a bid to have a case against an alleged $5.6 million digital currency scam dismissed. The watchdog wants the case against NAC Foundation and its founder to continue, arguing that they sold securities without the registering with the regulator.
In its filing with the Northern District of California, the SEC urged the judge to dismiss the NAC Foundation’s claims that the case has no merits. The Foundation had filed a motion to dismiss the case a month ago, accusing the regulator of misconduct and “purposefully attempting to mislead the court.” Read the complete article HERE.
