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The Securities and Exchange Commission’s independence has been questioned by Sen. Elizabeth Warren (D-MA) after it moved to drop its case against Tron founder and cryptocurrency billionaire Justin Sun.

“The SEC should not be a lap dog for Trump’s billionaire buddies,” The ranking member of the Senate Banking Committee said in a statement on March 5.

The SEC in 2023 charged Sun, the Tron Foundation, BitTorrent Foundation and BitTorrent developer Rainberry with offering and selling unregistered cryptocurrency asset securities in TRX and BTT. Sun and his associated entities were also accused of manipulating the TRX market…