Intense questioning of SEC Chair regarding the meme coin linked to Trump and Justin Sun's $75 million investments, are crypto regulatory policies about to change?
As the U.S. Securities and Exchange Commission (SEC) enters a new era under Chair Paul Atkins, questions about the intersection of political interests with prominent crypto figures have raised growing concerns about transparency and regulatory consistency.
Key points:
Paul Atkins - Chair of the U.S. Securities and Exchange Commission - is facing accountability from lawmakers regarding the commission's decision to suspend its case against Justin Sun - a prominent crypto figure - and his connection to the meme coin linked to Trump.
This accountability came during a congressional hearing that focused on federal oversight and funding, amidst concerns about potential conflicts of interest.
Atkins confirmed that the commission's case against Sun is still ongoing, but he did not provide much information.
SEC Chair Paul Atkins faced scrutiny from U.S. lawmakers yesterday over the commission's stance on the meme coin associated with President Trump (Official Trump-TRUMP) and how it is handling the fraud case involving prominent crypto businessman Justin Sun.
