SEC to Close Office Behind Failed DEBT Box Crypto Lawsuit T | Crypto Shake

SEC to Close Office Behind Failed DEBT Box Crypto Lawsuit

The SEC's Salt Lake City office will close after staff attrition following a failed fraud lawsuit against DEBT Box. Lawyers Michael Welsh and Joseph Watkins resigned after being sanctioned for "gross abuse of power." A judge dismissed the case and ordered the SEC to pay $1.8 million in legal fees. The Denver office will take over enforcement jurisdiction.