The Securities and Exchange Commission is looking to dismiss its lawsuit against crypto startup DEBT Box after the agency's lawyers admitted inaccurate statements were made in court. 

The agency, which first sued Digital Licensing Inc., doing business as DEBT Box, in July, told Utah U.S. District Court Judge Robert Shelby that it planned to dismiss the action without prejudice, meaning the SEC can still refile its case. 

"The Commission has determined that the best way to proceed is to dismiss this action without prejudice. Thus, the Commission has authorized the filing of a motion to dismiss this action without prejudice, which will be forthcoming," SEC lawyers said in a filing on Tuesday. 

The SEC admitted in late December that it made inaccurate statements and said it …