TechFlow News: On February 12, according to CoinDesk, Paul Atkins, Chair of the U.S. Securities and Exchange Commission (SEC), faced questioning from Democratic lawmakers during a House Financial Services Committee oversight hearing regarding the SEC’s suspension of its enforcement action against Justin Sun, founder of the TRON Foundation. Maxine Waters, the top-ranking Democrat on the House Financial Services Committee, emphasized that the SEC had dropped nearly all of its prior cryptocurrency enforcement actions after Donald Trump assumed the presidency—and questioned whether Sun’s relationship with Trump had influenced this decision.
Atkins stated he could not discuss individual cases but expressed willingness to provide confidential briefings within the bounds permitted by applicable rules. He also confirmed that the SEC is collaborating with the Commodity Futures Trading Commission (CFTC) to develop cryptocurrency regulatory rules aligned with the Clarity Act, aiming to clarify the jurisdictional boundaries between the two agencies.
