Dems slam SEC over crypto ‘pay-to-play’ concerns
A group of Democratic lawmakers has sharply criticized the Securities and Exchange Commission (SEC) for what they describe as a dramatic retreat from enforcing U.S. securities laws against major cryptocurrency firms, warning that the move threatens investors and market integrity.
Summary
- Ongoing litigation against Binance, Coinbase, Kraken and others abruptly ended after Trump was elected.
- The timing of the closures raises questions about political influence, Dems argue.
- The letter specifically mentions Justin Sun, whose SEC case remains paused while he invests millions in Trump-linked crypto ventures.
In a letter to SEC Chairman Paul Atkins, Democratic…
