Tag: Debt Box

SEC Chair Gary Gensler failed the crypto industryR
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April 23, 2024

Resignations at The U.S. SEC Increases Pressure on Controversial Chair Gary Gensler!

The U.S. regulator, the Securities and Exchange Commission (SEC), is in difficult waters. Most recently, Chair Gary Gensler publicly expressed his confidence in the regulator on X. However, this comment has caused even more unrest and fueled speculation about Gensler's resignation. Most recently, the two SEC lawyers, Michael Welsh and Joseph Watkins, have resigned following a district court's severe reprimand of the agency for "gross abuse" of power.
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Court order in the crypto case SEC v. Debt BoxU
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December 2, 2023

U.S. Federal Judge Criticizes SEC Lawyers for Misleading Court In Crypto Case Against Debt Box!

In a recent development that has raised eyebrows in legal and financial circles, a federal judge has expressed serious concerns about the conduct of attorneys from the U.S. Securities and Exchange Commission (SEC). The judge threatened to impose sanctions on the SEC lawyers, accusing them of presenting "false and misleading" arguments in a case against crypto firm Debt Box. These are typically allegations that the SEC makes against companies and individuals against whom it takes action.
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