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Federal Judge Rules SEC Committed ‘Gross Abuse of Power’ in Suit Against Crypto Company

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Gary Gensler is the current chair of the U.S. Securities and Exchange Commission (SEC)

the staff of the Ridgewood blog

Ridgewood NJ, in a ruling issued on Monday, Chief Judge Robert Shelby of the District of Utah found that the SEC’s legal representatives had deceived the court both during the application for a temporary restraining order (TRO) and subsequently when DEBT Box moved to dissolve the order. Judge Shelby emphasized that the order specifically addresses the TRO matter and not the underlying case.

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