Two attorneys from the United States Securities and Exchange Commission (SEC) have reportedly resigned after a federal judge reprimanded the agency for “gross abuse” of power and acting in “bad faith” in a case against the crypto platform Debt Box. The resignation of the lawyers comes as a consequence of the agency’s alleged misconduct in the high-profile crypto fraud case.
Judge Cites SEC’s ‘Gross Abuse’ of Power
According to reports, Michael Welsh and Joseph Watkins, the lead attorneys in the SEC case against Debt Box, stepped down earlier this month. Sources familiar with the situation revealed that the lawyers were warned of termination if they chose to remain at the agency. The decision to resign followed a scathing ruling by Chief Judge Robert J. Shelby, who presided over the case in Salt Lake City, Utah.
In March, Judge Shelby sanctioned the SEC for making false statements and misrepresentations in its case against Digital Licensing Inc., known as Debt Box. The j
We współpracy z: https://coingape.com/sec-lawyers-exit-after-judge-raps-agency-for-abuse-in-debt-box-case/
