The US Securities and Exchange Commission (SEC) has been sanctioned over its disputed restraining order against the crypto firm DEBT Box, according to a March 18 court filing.
As a result of the SEC’s misconduct, the court has mandated the commission to cover the legal fees, costs, and expenses incurred by Debt Box. This decision serves as a stern rebuke to the regulatory body and reinforces the importance of adherence to legal and ethical standards.
DEBT Box and the receivers must file petitions for fees within 30 days, meaning that the amount of money to be paid by the SEC is still unknown.
Some commentators are concerned that those payments will be drawn from taxpayer money. Coinbase CLO Paul Grewal suggested that the sanctions will be paid by “every US taxpayer,” adding that the SEC “foisted a bill onto every one of us for their litigation misconduct.”
SEC can’t refile case
The current filing also denies the SEC’s earlier motion to dismiss the case without prejudice,

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