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SEC lawyers resign after ‘gross abuse’ of power in crypto case — Report

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Two lawyers for the U.S. SEC resigned after a district court sanctioned the agency for “gross abuse” of power in the case against crypto firm DEBT Box.

Michael Welsh and Joseph Watkins, lead attorneys in the SEC lawsuit against crypto platform DEBT Box, resigned after findings of “gross abuse” of power in the case.

According to an April 22 Bloomberg report, Michael Welsh and Joseph Watkins, lead attorneys in the case against crypto platform DEBT Box,The lawyers were both relatively new to the agency, as indicated by their LinkedIn profiles. Welsh served as a trial attorney at the SEC from December 2022, while Watkins acted as an attorney at the Division of Enforcement beginning in January 2023.

 

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