US Judge Orders SEC to Pay $1.8 Million in Fees Over Debt Box Lawsuit

The Securities and Exchange Commission (SEC) has been ordered to pay a hefty sum of $1.8 million in legal fees stemming from the controversial Debt Box lawsuit. A U.S. federal judge has ordered the Securities and Exchange Commission to pay legal fees of about $1.8 million in its case against Digital Licensing Inc, doing business as DEBT Box. This significant ruling highlights concerns regarding the SEC's conduct during the proceedings.

Multiple reports confirm the decision. A US Judge has ordered the Securities and Exchange Commission to pay $1.8 million in fees to cover legal costs in its Debt Box lawsuit. The Judge found that the SEC engaged in misconduct. The Securities and Exchange Commission must pay over $1.8 million to cover legal costs incurred by crypto platform DEBT Box and other parties after a judge found the agency acted in bad faith.

The US District Court for the District of Utah on Tuesday threw out the SEC’s case against DEBT Box and imposed fines exceeding $1.8m on the regulatory body. This decision comes after serious questions were raised about the SEC's evidence and the way the case was handled. A U.S. District Court Judge has mandated the Securities and Exchange Commission (SEC) to reimburse DEBT Box, a cryptocurrency firm, nearly US$1.8 million in legal fees.

The ruling, first reported by Victor, emphasizes the importance of holding regulatory bodies accountable for their actions in court. The SEC's conduct in the Debt Box case has drawn significant criticism, ultimately leading to this substantial financial penalty.