A federal judge in the US sanctioned the Securities and Exchange Commission for improper actions against Utah-based crypto company DEBT Box. In the ruling, the SEC’s actions were characterized as a ‘gross abuse of authority’.
According to the court ruling, the regulator will also have to pay DEBT Box’s legal costs. The judge’s decision included the following statements: “Bad faith is inseparable from bad faith conduct, and a sanction of attorneys’ fees and costs is appropriate for all costs resulting from that conduct.”
