Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), made important statements yesterday before the U.S. House of Representatives Financial Services Committee.
According to Coindesk, Democratic members of the U.S. House Financial Services Committee have requested a detailed explanation from SEC Chairman Paul Atkins regarding the suspension of proceedings and sanctions against Tron (TRX) founder Justin Sun.
At this point, the committee’s senior Democratic member, Maxine Waters, noted that the SEC has dropped nearly all ongoing cryptocurrency cases since President Donald Trump took office and appointed a new SEC chairman, and demanded an explanation for this. Waters cited the case against Sun, where the SEC investigated him and his company for a wide range of allegations, including improperly inflating the price of their token, TRX, as an example.
Democrats specifically raised concerns about Tron founder Justin Sun’s ties to the Trump family and the SEC’s handling of cryptocurrencies. They also alleged that the agency neglected cryptocurrency issues linked to President Trump, seriously damaging the SEC’s reputation.
At this point, Waters told Atkins, “While you were looking for a possible solution, Mr. Sun was busy currying favor with Trump’s inner circle,” alluding to Sun’s ties to World Liberty Financial, an altcoin project owned by the Trump family.
However, Atkins said he could not comment on individual cases but was prepared to provide information at a confidential briefing on the matter, to the extent permitted by regulations.
Top Priority: Cryptocurrency Regulations!
Paul Atkins also stated that ensuring regulatory clarity for cryptocurrencies will be one of his top priorities in 2026.
In a statement, X said the SEC will work with the Commodity Futures Trading Commission (CFTC) through Project Crypto, a policy initiative aimed at promoting cryptocurrencies.
Atkins listed the SEC’s 2026 priorities as follows: “providing regulatory clarity for cryptocurrencies, strengthening enforcement focused on eliminating fraud, and reforming the disclosure regime.”
*This is not investment advice.