US House demands SEC chair explain decision to halt enforcement action against Tron (TRX) founder
Summary
- Democratic lawmakers on the US House Financial Services Committee said they asked the SEC chair for a detailed explanation of the circumstances behind halting an enforcement action against Justin Sun, founder of Tron (TRX).
- Maxine Waters said that since President Trump took office, the SEC has abandoned nearly all ongoing cryptocurrency enforcement cases.
- Democratic lawmakers said the SEC has responded passively to crypto-related matters tied to President Trump, arguing that the SEC’s reputation has been severely damaged.
Democratic lawmakers on the US House Financial Services Committee have pressed SEC Chair Paul Atkins to provide a detailed explanation for the decision to halt an enforcement action against Justin Sun, founder of Tron (TRX).
According to CoinDesk, a cryptocurrency-focused media outlet, on the 11th (local time) committee ranking member Maxine Waters said that “after President Trump entered the White House and replaced the SEC chair, regulators abandoned nearly all cryptocurrency enforcement cases that had been underway until then.”
Atkins replied, “I can’t comment on individual cases, but I’m willing to have further discussions through a non-public briefing to the extent permitted by the rules.” He explained that he is limited in publicly stating specific positions on particular enforcement matters.
Democratic lawmakers also argued that, beyond this case, the SEC has responded passively to crypto-related matters linked to President Trump, claiming that “the SEC’s reputation has been severely damaged.”
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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