The Securities and Exchange Commission has been dealt another blow in its crusade against crypto after a judge Last year, the SEC Yesterday, Utah District Court Judge Robert Shelby ruled that the case was a dud and that the regulator would have to cough up cash to cover legal costs. The judgment came after the judge DEBT Box declared it a “monumental victory,” its chief marketing officer Miguel Francis-Santiago telling “The time of America becoming a digital desert must end,” he continued. “We have fallen behind on the world stage, and if we don’t turn this around, America will be left behind.”Laura Sanders, policy counsel for the non-profit Blockchain Association, told DeFi Education Fund’s chief legal officer Amanda Tuminelli told “The judge did impose an important condition on the SEC in his dismissal order: if the SEC chooses to bring this case against the same defendants again, they must do so before Judge Shelby,” Tuminelli explained. “And we know that Judge Shelby will not forget what happened the first time around.”The SEC—under long-time Chair Gary Gensler—has relentlessly cracked down on the crypto industry, hitting numerous companies with lawsuits for allegedly selling unregistered securities over recent years.But it has also been criticized for being too heavy-handed by the industry and lawmakers alike. Gary Gensler making great use of Americans’ taxpayer dollars. https://t.co/GfvrjRgW9l— Tom Emmer (@GOPMajorityWhip) May 29, 2024Last week, in a surprise vote, both Democrats and Republicans Today, Minnesota Rep. Tom Emmer had a snarky response to the outcome of the DEBT Box case.“Gary Gensler making great use of Americans’ taxpayer dollars,” he Edited by Ryan Ozawa.
