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US Democratic lawmakers urged the SEC to explain the reasons for suspending the enforcement case against Justin Sun.

US Democratic lawmakers urged the SEC to explain the reasons for suspending the enforcement case against Justin Sun.

CointimeCointime2026/01/16 06:36

three Democratic members of the U.S. House of Representatives sent a letter to Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), requesting an explanation regarding the SEC's suspension of the enforcement case against TRON founder Justin Sun.

Representatives Maxine Waters, Brad Sherman, and Sean Casten stated that the prolonged delay of the case may undermine investors' confidence in the independence and credibility of the regulatory agency. In the letter, the representatives pointed out that the SEC has recently initiated or advanced suspensions and withdrawals of multiple crypto-related enforcement cases, including those involving an exchange, questioning the focus and effectiveness of its enforcement efforts. Regarding the Justin Sun case, the SEC requested the court to stay the litigation in February this year to seek a potential resolution, and it has lasted for about 11 months so far. The representatives also mentioned token transactions between Justin Sun and WorldLibertyFinancial, demanding that the SEC preserve and provide all documents and communications related to the suspension of the case. The SEC has not yet made a public response to the above inquiries.

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