2024

when

Coin

<ul class="news-points">
 <li><strong>The SEC announces the closure of its Salt Lake Regional Office (SLRO), citing a significant attrition.</strong></li>
 <li><strong>The move follows the SEC’s failure in the Debt Box case, where the judge accused the agency of bad faith conduct.</strong></li>
 <li><strong>Paul Grewal criticizes the use of the term attrition, asking whether it refers to the judge’s unprecedented sanctions.</strong></li>
</ul>
<p>The U.S. Securities and Exchange Commission (SEC) has <a href="https://www.sec.gov/news/press-release/2024-67" target="_blank" rel="noopener noreferrer nofollow">announced</a> the closure of its Salt Lake Regional Office (SLRO), citing “significant attrition.” This decision follows a court ruling against the SEC in the Debt Box lawsuit, and Coinbase lawyer Paul Grewal criticized the SEC’s use of the term “attrition.”</p>
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   <p lang="en" dir="ltr">“Attrition”— is that what we are calling unprecedented misrepresentations and bad faith warranting unprecedented sanctions by a federal judge? <a href="https://t.co/rb581Eb0lD" target="_blank" rel="noopener noreferrer nofollow">https://t.co/rb581Eb0lD</a></p>— paulgrewal.eth (@iampaulgrewal) <a href="https://twitter.com/iampaulgrewal/status/1798081995328885009?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 4, 2024</a>
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<p>The SEC recently <a href="https://coinedition.com/judge-blasts-sec-for-gross-abuse-of-power-in-debt-box-case/" rel="noopener noreferrer nofollow">faced a setback</a> in the Debt Box case when District Court Judge Robert J. Shelby condemned the agency for their “bad faith conduct.” The SEC previously accused Debt Box of a $50 million fraud scheme. However, the judge dismissed the case, ordering the SEC to pay $1.75 million to cover le…</p>
<p>The post <a href="https://coinedition.com/sec-salt-lake-office-shut-down-coinbase-lawyer-slams-attrition-claim/" rel="noopener noreferrer nofollow">SEC Salt Lake Office Shut Down: Coinbase Lawyer Slams “Attrition” Claim</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

SEC Salt Lake Office Shut Down: Coinbase Lawyer Slams “Attrition” Claim

Coin Edition

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