Three House Democrats warned that leaving the SEC's case against the Tron founder unresolved could ”undermine investors’ confidence” in the financial regulator.
Three Democrats in the House of Representatives are asking US Securities and Exchange Commission (SEC) Chair Paul Atkins to provide information related to the agency closing investigations, dismissing enforcement actions, or pausing cases through extended stays in “at least one dozen crypto-related cases,” including Tron founder Justin Sun.
In a Thursday letter to Atkins, Representatives Maxine Waters, Brad Sherman and Sean Casten questioned the SEC’s “priorities and effectiveness” given its dismissals of the crypto-related cases. The lawmakers wrote that the agency had “openly and boldly dismissed the majority of its crypto enforcement cases,” including cases involving crypto exchange Binance, Coinbase and Kraken.
The bulk of the letter, however, urged the SEC to consider reopening its case against Sun. In February, the agency’s lawyers asked a federal court to stay its enforcement action against the Tron founder to explore a potential resolution.
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