Following the recent dismissal of the case against crypto firm Digital Licensing by the US Securities and Exchange Commission (SEC), a group of US Senators have sent a letter to the agency’s chair, Gary Gensler, expressing concerns about the handling of the case.
SEC’s “Unethical” Proceedings In Crypto Case
On February 7, five republican US senators signed a letter addressed to US SEC Chairman Gary Gensler. The group, consisting of US senators J.D. Vance, Bill Hagerty, Katie Boyd Britt, Thom Tillis, and Cynthia Lummis, voiced their worry regarding the agency’s “enforcement proceedings” during the case against the crypto firm operating under the name ‘DEBT Box.’
In the letter, the US Senators highlighted some of the SEC’s “questionable” proceedings, including a temporary freeze of the firm and the company principals’ assets. The District Court granted the “emergency relief” measures for the District of Utah before the court became aware that “the Commissi
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