🎉🎉 Two SEC attorneys, Michael Welsh and Joseph Watkins, have bid adieu following a court's scathing critique of their conduct in a crypto case. Apparently, they were leading the charge against DEBT Box, a crypto platform, but Judge Shelby wasn't impressed. He accused the SEC of "gross abuse of power" and "undermining the judicial process." Ouch! 😬

Welsh and Watkins, who joined SEC not too long ago, decided to pack their bags after being warned of potential termination. Talk about a short stint! 😅

This comes amidst growing criticism of SEC's regulatory tactics, especially under Chair Gary Gensler. Critics argue that the "regulation by enforcement" strategy is creating uncertainty, stifling innovation, and diminishing the U.S.'s competitiveness in the global digital asset market.

What's your take on this? Is the SEC being too harsh or are they just doing their job? Share your thoughts below! 👇 #DeFi #Web3 #CryptoNews