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[Legal Experts: US SEC V. Green United Case Mainly Targets Specific Fraudulent Behavior] According To Decrypt, The US Securities And Exchange Commission (SEC)'s Lawsuit Against The Crypto Company Green United Has Recently Attracted Industry Attention. The SEC Accused Green United Of Defrauding Investors Of $18 Million By Selling So-called "Green Boxes" Mining Equipment. Last Week, A Federal Judge Rejected Green United's Request To Withdraw The Case, Which Triggered Speculation On Social Media That The Sale Of Crypto Mining Hardware May Be Considered Securities. However, Several Legal Experts Said There Is No Reason To Worry Too Much At Present. Ishmael Green, Partner Of Diaz Reus Law Firm, Pointed Out That As Long As The Mining Equipment Is Sold With The Understanding That The End User Is Mining, There Will Be No Problem. "In The Green United Case, The Sales Agreement For The Mining Equipment Stated That Green United Would Control And Operate The System, And That Was The Problem." Hadas Jacobi, A Consultant At Reed Smith Law Firm, Said That Although The SEC Did Not Explicitly Mention Managed Mining, This Could Have An Impact On Managed Mining Services. Although Green United Tried To Portray The Case As A Misunderstanding Of Managed Mining By The SEC, The Judge Rejected Its Request To Dismiss The Case. The Judge Only Decided To Hear The Case And Did Not Rule On The SEC’s Arguments
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