Overview

• Republican senators criticize SEC Chair Gary Gensler for unethical and unprofessional conduct in DEBT Box lawsuit.
• SEC accused of misrepresenting evidence in court, leading to asset freeze of DEBT Box, a crypto firm.
• Federal judge reverses asset freeze decision, raising concerns about SEC's integrity in legal proceedings.
• SEC moves to dismiss the case, pledges corrective actions including mandatory training for Enforcement Division staff.
• Criticism reflects broader concerns over SEC's regulatory approach to the crypto industry under Gensler's leadership.