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One platform for global traditional assets
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The U.S. Securities and Exchange Commission has filed a joint motion with the U.S. District Court for the Southern District of New York to formally dismiss its civil fraud lawsuit against Nader Al-Naji with prejudice, meaning the regulatory agency cannot prosecute the same charges again. The case was originally filed in July 2024, when the SEC accused Al-Naji of raising over $257 million through unregistered sales of BitClout platform token BTCLT, and claimed he used over $7 million in investor funds for personal expenses. (The Block)