Summary
The SEC lawyers lied to freeze a crypto company’s assets, leading to sanctions by a federal judge. Now, the court is determining the reimbursement of legal fees, expected to be around $1.8 million. The case may be dismissed, with the SEC vying for dismissal without prejudice while DEBT Box hopes for dismissal with prejudice. The NYSE is surveying interest in 24/7 trading, influenced by the success of crypto markets. Presidential candidate Robert F. Kennedy, Jr. proposes putting the entire US budget on blockchain for transparency.
Key Points
1. The SEC attorneys were granted a temporary restraining order against DEBT Box, but were later sanctioned for abuse of power by Judge Robert Shelby.
2. Legal bills totaling around $1.8 million have been submitted by the court-appointed receiver and defendants, with the SEC expected to contest the amount.
3. Two SEC lawyers left the agency following the sanctions, and the case is now in question of being dismissed with or without prejudice.