SEC Freezes Assets of Crypto Mining Firm in Connection with $50 Million Fraud Scheme!

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The U.S. Securities and Exchange Commission (SEC) has taken urgent action against Digital Licencing Inc., a cryptocurrency mining firm, freezing its assets and obtaining a restraining order. The SEC has accused Digital Licencing and its principals of committing fraud and raising $50 million, as well as undisclosed amounts of Bitcoin and Ethereum, through a fraudulent scheme. The regulator alleges that the company lied to investors about its unregistered securities. The SEC has charged a total of 18 defendants for selling unregistered securities and has also brought charges against several individuals.