US Lawmakers Demand Action from SEC on Justin Sun Enforcement Case
Three House Democrats urged the SEC Chair to reconsider dropping its enforcement action against Tron founder Justin Sun.Summary
Three Democratic House Representatives—Maxine Waters, Brad Sherman, and Sean Casten—sent a letter to SEC Chair Paul Atkins demanding information regarding the agency's dismissal of numerous crypto enforcement cases, including the one against Tron founder Justin Sun. The lawmakers expressed concern that the SEC's decision to seek a stay in the Sun case, which has lasted 11 months, undermines investor confidence and suggests selective enforcement, potentially linked to Sun's purchase of tokens from a crypto company backed by Donald Trump. They requested the SEC preserve all documents related to the decision to stay the case against Sun, arguing that dropping strong enforcement actions signals that those with political influence can evade accountability.
(Source：Cointelegraph)