Timeline: 3 Crypto Cases In 2023 In Which US SEC Got Humiliated

The U.S. Securities and exchange commission faced embarrassing comments from a federal judge in Utah on December 1, 2023 in a case involving mishandling of assets worth millions of dollars belonging to a crypto company. This marks a series of legal setbacks the agency has faced in the last 365 days, the biggest of which is the XRP lawsuit verdict delivered in July 2023. In 2023 alone, the Debt Box debacle becomes the third such setback for the Commission.