On October 6, iX Global achieved a monumental win in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).
In a recent TRO hearing, the presiding Judge made the crucial decision to dissolve the Temporary Restraining Order (TRO) previously levied against iX Global and DEBT Box.
The Court’s decision comes after scrutinizing the evidence presented and recognizing discrepancies and potential misrepresentations in the SEC’s complaint.
The importance of this hearing was underlined by the presence of Tracy S. Combs, Director of SEC’s Salt Lake Regional Office, who was summoned by the Judge just hours before the hearing. The Court’s stance was clear – maintaining the highest standards of accuracy and fairness in all proceedings.
“We are gratified by the Court’s decision, which we view as a validation of our unwavering commitment to transparency, innovation, and community values,”
said Joe Martinez, CEO & Founder of iX Global.
“While we respect the regulatory role the SEC plays, it is vital for the truth to prevail. Today’s decision is a testament to our continued dedication to uphold our guiding principles.”
The recent ruling has strengthened iX Global’s resolve to continue its mission of innovating, inspiring, and decentralizing access to strategic education and groundbreaking