House Democrats Say SEC Caving to "Pay-to-Play" in Crypto Enforcement Cases:-💥🔥🔥👍
A group of three US House Democrats, represented by Reps. Maxine Waters, Sean Casten, and Brad Sherman, have charged the Securities and Exchange Commission (SEC) with caving in on enforcing the regulations in the crypto sector. The three Democrats question the SEC’s sudden halt in a case against Tron’s founder, Justin Sun, over ‘pay-to-play’ issues. The three accused the SEC of caving in on enforcing regulations in the crypto sector when the sector has shown a significant increase in Trump contributions, the Trump re-election drive, and Trump-related crypto projects, in which Sun invested more than $75 million, leveraging on the favorable treatment he got from Trump. The SEC has thrown out more than a dozen crypto-related lawsuits since the start of the year in 2025, from Binance, Coinbase, and Kraken.
The lawmakers expressed their concern regarding the linkages of Sun with the government of China. They have requested the SEC to provide them with some documents in relation to the pause of the case of Sun and to release the stay or negotiate a settlement. This action of the SEC led to the concern regarding the priorities and efficiency of the SEC.
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