A U.S. federal judge rules that the U.S. SEC seriously abused its power when it sued blockchain company Digital Licensing.

U.S. federal judge Robert Shelby said the U.S. Securities and Exchange Commission (SEC) had "seriously abused the power vested in it by Congress" in its dispute with blockchain technology company Digital Licensing, which does business as DEBT Box. In July last year, the U.S. SEC sued the blockchain company, accusing it of deceiving investors. Robert Shelby found that the SEC acted in "bad faith" and "willfully lied" in its attempt to impose an asset freeze and temporary restraining order against the company. He also ruled that the SEC must pay DEBT Box's attorney fees and legal costs. . (Reuters)