福禄寿 UV DAO|1月 17, 2026 03:23
Democratic lawmakers recently slammed the U.S. SEC, saying they’ve been giving the crypto market way too many 'green lights.' Since early last year, the SEC has quietly dropped or paused at least 12 major cases, including lawsuits against giants like Binance and Coinbase. The key issue is that many of these cases were close to being won, but now with them being dropped, the market rules might spiral into chaos.
The lawmakers didn’t hold back, pointing out that this might be about money. The crypto industry donated at least $85 million to Trump, and each of the companies that got off the hook reportedly chipped in $1 million for the inauguration. The timing is just too convenient, making it hard not to suspect this is a case of 'pay-to-play.'
In their letter, the lawmakers specifically called out Justin Sun and his related cases, noting that the SEC has paused his lawsuit for almost a year with no updates. Meanwhile, during this time, Justin Sun has funneled over $75 million into Trump-related projects. The lawmakers are urging the SEC to take action ASAP, or else the law will just become a joke.
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