In brief
- House Democrats skewered the SEC over its handling of crypto cases.
- The development came as a crypto market structure bill appeared to derail.
- They devoted plenty of ink to Tron founder Justin Sun and his ties to China.
Rep. Maxine Waters (D-CA), the top Democrat on the U.S. House Financial Services Committee, was among lawmakers who blasted the Securities and Exchange Commission on Thursday over its handling of enforcement actions against crypto firms.
The letter, which was also written by Reps. Brad Sherman (D-CA) and Sean Casten (D-IL), accused the regulator of selectively enforcing securities laws against crypto firms, while alleging that Tron founder Justin Sun has connections with China, putting U.S. security at risk.
Jan 16 2026
