Judge Orders SEC To Pay $1.8 Million, Dismisses 'Bad Faith' Debt Box Case

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C. (Credit: Reuters)

KEY POINTS

• Judge Shelby said defendants were victims of the "misconduct" committed by some SEC attorneys
• The SEC admitted in December that certain Commission lawyers were not forthcoming with the court
• Some GOP lawmakers have criticized the regulator for its "unconscionable" handling of the case

The U.S. Securities and Exchange Commission (SEC) has been ordered by a federal judge to pay over a million dollars for its controversial case against cryptocurrency firm Digital Licensing, which goes by the business name Debt Box.