House Democrats are urging the Securities and Exchange Commission (SEC) to clarify its decision to suspend several crypto enforcement cases. Representatives Maxine Waters, Sean Casten, and Brad Sherman have sent a letter to SEC Chairman Paul Atkins, questioning the agency's recent actions, including the suspension of a lawsuit against Tron founder Justin Sun. Since early 2025, the SEC has reportedly dropped over a dozen cases involving major crypto firms like Binance, Coinbase, and Kraken.
The lawmakers expressed concerns over potential "pay-to-play" schemes, noting that crypto companies contributed at least $85 million to President Trump's re-election campaign, with firms whose cases were dropped donating at least $1 million to Trump's inauguration. They highlighted the 11-month suspension of the Justin Sun case as indicative of selective enforcement and possible political influence. Additionally, the lawmakers have requested the SEC to retain and provide all communications related to the decision to suspend the Sun case.
House Democrats Demand SEC Explain Crypto Case Suspensions
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
