In a hearing on Capitol Hill, lawmakers considered whether or not the Securities and Exchange Commission needs reform. 

Representative French Hill, R-AR, brought up the SEC’s recent court loss in its case against Debt Box. 

The case, in which the defendants claimed that the SEC lied to freeze company assets, was a loss for the regulatory agency after the Utah-based judge sanctioned the agency. 

“Just in the last few days, a Utah judge imposed sanctions on the SEC for ‘bad faith conduct’ and ‘gross abuse of power’ that the Commission had demonstrated in a case against Debt box. And this is important because we haven’t talked about this in a long time on this Committee,…

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