U.S. Senator Elizabeth Warren has criticized the SEC's $10 million settlement with Justin Sun, accusing the regulator of favoritism towards Donald Trump and his crypto allies. The settlement, which drops charges against Sun, relates to a 2023 lawsuit alleging illegal digital asset issuance and trading manipulation. Sun did not admit to the allegations.
Warren highlighted Sun's investments in Trump-related crypto projects, including $75 million in WLFI tokens and $18 million in TRUMP meme coins. She emphasized the need for legislation to prevent presidential profiteering from crypto. Reports suggest the SEC has softened its stance on crypto enforcement since Trump's 2025 return to the White House, pausing cases against major firms like Coinbase and Ripple Labs.
Senator Warren Criticizes SEC's $10M Settlement with Justin Sun
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