In April of this year, SEC lawyers Michael Welsh and Joseph Watkins resigned after a federal judge found them guilty of “serious abuse of power” for attempting to freeze the assets of Utah-based cryptocurrency company DEBT Box on misleading grounds. Just last week, the judge dismissed the case and ordered SEC to pay DEBT Box $1.8 million in attorney fees.
SEC Salt Lake City Office to Shut Down After Defeat in DEBT Box Cryptocurrency Case
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SEC Salt Lake City Office to Shut Down After Defeat in DEBT Box Cryptocurrency Case