Chair

Gary

James

Coin

<ul class="news-points">
 <li>Federal judge slams SEC, orders $1.75 million payout over “bad faith” in Debt Box case.</li>
 <li>Debt Box prevails as SEC’s fraud accusations crumble in court.</li>
 <li>Is this the beginning of the end for SEC Chair Gensler’s aggressive crypto crackdown?</li>
</ul>
In a glaring disapproval of the Securities and Exchange Commission (SEC)’s actions, US District Court Judge Robert J. Shelby has ordered the agency to pay $1.75 million in the Debt Box case to cover legal fees and other costs incurred as a result of the agency’s litigation.
As <a href="https://x.com/iampaulgrewal/status/1795511035870285827" target="_blank" rel="noopener noreferrer nofollow">noted in a post</a>, Paul Grewal, the chief legal officer at Coinbase, detailed how the judge ordered the SEC to “pay attorneys’ fees of over $1 million and receivership fees of about $750,000.”
Judge Shelby asserted that the Commission “engaged in bad faith conduct in obtaining and defending the TRO and imposed a sanction against the Commission of all attorney fees and costs arising from the improperly entered ex parte relief.”
James Murphy, also known as MetaLawMan, <a href="https://x.com/MetaLawMan/status/1795528631856537740" target="_blank" rel="noopener noreferrer nofollow">commented on the judge’s ruling</a>, stating that the “Debt Box Debacle will, for all time, be the indelible legacy of the “leadership” of Gary Gensler,” the Chair of the SEC.
The post <a href="https://coinedition.com/judge-blasts-sec-for-gross-abuse-of-power-in-debt-box-case/" rel="noopener noreferrer nofollow">Judge Blasts SEC for ‘Gross Abuse of Power’ in Debt Box Case</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Judge Blasts SEC for ‘Gross Abuse of Power’ in Debt Box Case

Coin Edition

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