Robert J. Shelby, the U.S. District Judge has ordered the SEC to pay a legal fine of over $1.75 million for their misleading conduct in the Debt Box case. This decision was given as it was revealed that the SEC has misinterpreted various facts in its lawsuit with the crypto firm. Additionally, the judge highlighted how the agency failed to rectify false statements, and criticized Michael Welsh, the SEC attorney. He, in fact, termed it as a “gross abuse of power.” Moreover, significant resignations within the SEC and criticism from legal experts have followed this decision

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