SEC's Paul Atkins grilled on crypto enforcement pull-back, including with Justin Sun, Tron

During a House hearing, Representative Maxine Waters pressed SEC Chairman Paul Atkins about the agency's decision to drop nearly all previous crypto enforcement cases after the change in White House leadership, specifically highlighting the paused case against Tron founder Justin Sun. Waters suggested Sun's ties to the Trump orbit might have influenced the pause on the case, which involved allegations of artificially inflating TRX's trading volume through wash trading. Atkins stated he could not discuss individual cases but offered a confidential briefing to lawmakers on the matter to the extent permitted by rules. While Democrats focused on the enforcement pull-back, Republicans concentrated on Atkins' commitment, alongside the CFTC, to provide regulatory clarity for the crypto industry, referencing ongoing work consistent with the House's Clarity Act.

(Source：CoinDesk)