SEC Chairman questioned at congressional hearing on Trump's Meme coin and Sun Yuchen's association issues

Odaily Planet Daily News: SEC Chairman Paul Atkins was questioned during a congressional hearing on May 20th regarding his stance on Trump's involvement in the Memecoin and Sun Yuchen related transactions. Congressman Ivey pointed out that Sun Yuchen's company had purchased $30 million worth of World Liberty Financial tokens related to Trump, and that he was an invited guest at the President's crypto dinner, which raised concerns about potential conflicts of interest. Atkins responded that the Sun case is still being processed, and the SEC has currently determined that Memecoin is not a security and stated that it will promote transparent, rule oriented cryptocurrency regulatory reform. （The Block）