The Securities and Exchange Commission is being "trampled" by the federal courts in cases involving digital assets, with DEBT Box being the latest example, said Rep. French Hill, R-Ark.
Hill cited a ruling by a Utah judge, Robert Shelby, on Monday that said the SEC acted in bad faith and ordered the agency to pay sanctions, including attorney's fees and costs following charges it lodged against crypto startup DEBT Box. Judge Shelby also denied the SEC's move to dismiss the case without prejudice, meaning the regulator could have refiled its case.
Source: Loan Digest (loandigest.net)
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