The U.S. SEC will close the office that failed to successfully win the DEBT Box encryption lawsuit. CoinDesk reported that the Salt Lake City office of the U.S. Securities and Exchange Commission (SEC) became infamous in the crypto world after its failed fraud lawsuit against DEBT Box. , will close due to "significant attrition" of staff. Some of those employees were forced to leave because of the case. SEC attorneys Michael Welsh and Joseph Watkins resigned in April after a federal judge sanctioned them for trying to freeze the assets of Utah crypto firm DEBT Box on misleading grounds, calling it a "serious abuse of power." ”. Just last week, a judge dismissed the case and ordered the SEC to pay DEBT Box $1.8 million in attorney fees. https://www.coindesk.com/policy/2024/06/04/sec-to-shutter-office-behind-failed-debt-box-crypto-lawsuit/