SEC Chair Atkins questioned by Congress on Trump meme coin and its relation to Justin Sun
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SEC Chair Atkins questioned by Congress on Trump meme coin and its relation to Justin Sun
According to The Block, SEC Chair Paul Atkins faced questioning today during a House Appropriations Committee hearing regarding Trump-related meme coins and their connection with crypto entrepreneur Justin Sun. Democratic lawmaker Glenn Ivey pointed out that Sun's company Tron purchased $30 million worth of World Liberty Financial tokens—an DeFi firm inspired by Trump—shortly before the SEC paused its fraud case against Sun. Meanwhile, Trump is set to host a dinner this week for 220 top meme coin holders, and Sun claims he is among those invited. Atkins stated that the case against Sun remains an "active case" and emphasized that the SEC is focused on establishing a clear regulatory framework for crypto assets through rulemaking rather than enforcement actions.
Navigating Web3 tides with focused insightsTechFlow, May 21 — According to The Block, SEC Chair Paul Atkins faced questioning today during a House Appropriations Committee hearing regarding Trump-related meme coins and their connection to crypto entrepreneur Justin Sun. Democratic Representative Glenn Ivey pointed out that Sun's company, Tron, purchased $30 million worth of World Liberty Financial tokens—a decentralized finance firm inspired by Trump—shortly before the SEC paused its fraud case against Sun. Meanwhile, Trump is set to host a dinner this week for 220 top meme coin holders, with Sun claiming he is among the invitees. Atkins stated that the case against Sun remains an "active case," and emphasized that the SEC is focused on establishing a clear regulatory framework for digital assets through rulemaking rather than enforcement.
