U.S. House Democrats demand SEC explain halt in Tron founder case

Democratic members of the U.S. House Financial Services Committee have demanded a detailed explanation from SEC Chairman Paul Atkins regarding the suspension of enforcement action against Tron (TRX) founder Justin Sun. According to CoinDesk, the committee's ranking Democrat, Maxine Waters, stated that the regulator has abandoned nearly all ongoing crypto enforcement cases since President Trump took office and appointed a new SEC chair. Atkins responded that while he could not comment on individual cases, he was willing to hold a private briefing on the matter as permitted by regulations. The lawmakers also asserted that the agency is neglecting crypto-related issues connected to President Trump, claiming this has severely damaged the SEC's reputation.