According to Foresight News, US Federal Judge Robert Shelby has ruled that the US Securities and Exchange Commission (SEC) must pay legal fees for Utah-based crypto company DEBT Box, accusing the SEC of 'serious abuse of power' during the process of obtaining a temporary restraining order.
The SEC had previously sued the crypto project last year, alleging fraudulent activities and obtaining a temporary asset freeze and restraining order against the company. According to the SEC, DEBT Box told customers it was selling licenses to mine cryptocurrencies, but in reality, it was only creating tokens using code. DEBT Box applied to lift the temporary restraining order, claiming that the SEC had misled the court regarding the company's transfer of funds and closure of bank accounts.
