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SEC Lawyers Resign Amid Crypto Case Controversy* Two attorneys from the United States Securities and Exchange Commission (SEC) have reportedly resigned following allegations of misconduct in a high-profile crypto case. Michael Welsh and Joseph Watkins, lead attorneys in the case against crypto platform DEBT Box, stepped down earlier this month amid accusations of "gross abuse" of power and acting in "bad faith". According to a Bloomberg report, the lawyers faced termination if they didn't resign. Their departure comes after a court ruling by Chief Judge Robert J. Shelby, who sanctioned the SEC for false statements and misrepresentations in the case against Digital Licensing Inc., also known as DEBT Box. Judge Shelby's filing in March described the SEC's conduct as a "gross abuse of power" that undermined the integrity of the proceedings and the judicial process. Critics of the SEC, particularly under Chair Gary Gensler, have raised concerns about the agency's "regulation by enforcement" approach, which they argue creates regulatory uncertainty, stifles innovation, and hinders U.S. competitiveness in the digital asset sector. The resignations and court ruling have sparked renewed debate about the SEC's approach to regulating the crypto industry. As the regulatory landscape continues to evolve, the crypto industry remains vigilant, seeking clarity and certainty in the face of ongoing legal challenges." #BinanceLaunchpool #bitcoinhalving #BTC Let me know if you have any further requests!
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