{"id":137854,"date":"2024-09-25T09:00:02","date_gmt":"2024-09-25T06:00:02","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137854"},"modified":"2024-09-25T01:31:19","modified_gmt":"2024-09-24T22:31:19","slug":"lawmakers-grill-gary-gensler-over-secs-missteps-in-high-profile-crypto-case","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/lawmakers-grill-gary-gensler-over-secs-missteps-in-high-profile-crypto-case\/","title":{"rendered":"Lawmakers Grill Gary Gensler Over SEC\u2019s Missteps in High-Profile Crypto Case"},"content":{"rendered":"

The case involved freezing the company\u2019s assets based on SEC accusations, but it was dismissed after a federal judge ruled that the SEC had acted in \u201cbad faith.\u201d Judge Robert Shelby ordered the agency to pay around $1.8 million in attorney and receiver fees due to procedural errors.<\/p>\n

Tom Emmer challenged<\/a> <\/strong>Gensler over the SEC\u2019s approach, accusing the commission of regulatory overreach in the DebtBox case. He described the agency\u2019s actions as harmful, citing that the asset freeze was based on incorrect information, leading the court to impose penalties on the SEC. Gensler admitted the case was \u201chandled badly\u201d as Emmer continued to press him on the SEC\u2019s approach to regulating digital assets.<\/p>\n

Judge Shelby\u2019s ruling not only dismissed the case but also required the SEC to pay approximately $1 million in attorney fees and $750,000 in receiver fees. The court found the SEC\u2019s move to obtain a restraining order to freeze DebtBox\u2019s assets unjustified, resulting in the case being dismissed without prejudice.<\/p>\n