SEC lawyers resign after judge blasts agency for 'abuse' of power in crypto fraud trial: Bloomberg

Quick Take

  • After a Utah judge criticized the Securities and Exchange Commission for a “gross abuse” of power, two of the agency’s lawyers resigned, according to Bloomberg, which cited anonymous sources.
  • The two former SEC lawyers in question were heading a case against Digital Licensing Inc., or the crypto platform known as Debt Box, and their case was “marred by false statements and misrepresentations,” according to the Utah judge.