U.S. Democratic Lawmakers Urge SEC to Explain Reasons for Pausing Justin Sun Enforcement Case

Odaily According to a report, three Democratic members of the U.S. House of Representatives have sent a letter to SEC Chairman Paul Atkins, demanding an explanation regarding the SEC's decision to pause the enforcement case against TRON founder Justin Sun. Representatives Maxine Waters, Brad Sherman, and Sean Casten stated that the prolonged suspension of the case could undermine investor confidence in the regulator's independence and credibility.

In the letter, the lawmakers pointed out that the SEC has recently initiated or advanced the suspension and dismissal of multiple crypto-related enforcement cases, including those involving Binance, Coinbase, and Kraken, and questioned its enforcement priorities and effectiveness. Regarding the Justin Sun case, the SEC requested the court in February of this year to stay the litigation to explore potential resolutions, which has now lasted for approximately 11 months.

The lawmakers also mentioned Justin Sun's token transactions with World Liberty Financial and demanded that the SEC preserve and provide all documents and communication records related to the suspension of this case. The SEC has not yet issued a public response to the above inquiries. (Cointelegraph)