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The order will allow the IRS to obtain information regarding taxpayers in the United States who conducted at least $20,000 in crypto transactions between 2016 and 2021 using SFOX. The order does not allege any wrongdoing by SFOX in regards to its digital currency business and is mainly focused on obtaining information related to active users of the platform whose identities are unknown.Evidence that U.S. regulators continue to deal with a backlog of enforcement actions could be found in Tuesday's announcement that the Securities and Exchange Commission has charged Dragonchain with welling $16.
Through the suit, the SEC is seeking permanent injunctions, disgorgement with prejudgement interest, civil penalties, and conduct-based injunctions against Roets and his affiliated entities.