Posted 3/19/2024, 4:58:34 PM
SEC Sanctioned for 'Gross Abuse of Power' in Crypto Case, Ordered to Pay Legal Fees
- SEC sanctioned by court for "gross abuse of power" in crypto case against Debt Box
- Judge accused SEC of misleading court to obtain temporary restraining order against Debt Box
- SEC failed to provide evidence to support original claims and admitted attorneys weren't "forthcoming"
- Judge ruled SEC's actions were "permeated with bad faith" and ordered agency to cover Debt Box's legal fees
- Crypto industry leaders celebrated ruling as upholding integrity and transparency in legal proceedings
