"If his employees are fed up with the behavior of the SEC, what about us?"
Immediately after the district court allowed the Securities and Exchange Commission (SEC) to abuse its power and act maliciously in the currency case crypto, his two lawyers undauntedly resigned earlier this month.
Michael Welsh who served as a trial lawyer at the SEC from December 2022 while Joseph Watkins acted as a lawyer at the Enforcement Division from January 2023 is lead attorney in case against crypto platform DEBT Box.
Reportedly, the resignation of the two lawyers was following a court decision from Chief Justice Robert J. Shelby which allowing the SEC to make false statements and misrepresentations against the case of Digital Licensing Inc which is also known as DEBT Box.
In a filing on March 18, 2024, Judge Shelby said The SEC's conduct was an abuse of power entrusted by Congress, so here it can be seen that it will significantly affect the integrity of the proceedings including the judicial process.
The SEC, which obtained emergency relief to stop the Utah-based firm in August 2023, not only temporarily froze their assets but also obtained a restraining order against DEBT Box's principal under an alleged $50 million crypto fraud scheme.
There is no denying that Judge Shelby has stated that the evidence presented has no basis, but he still presents it in a false way and misleads many people.
Thus, Judge Shelby and the SEC were found to have tried their best twisting things to ignore and perpetuate the misrepresentation rather than correcting the misrepresentation.
