Paul Atkins, Chairman of the United States Securities and Exchange Commission (SEC), made important statements yesterday before the Financial Services Committee of the United States House of Representatives.
According to Coindesk, Democratic members of the Financial Services Committee of the United States House of Representatives have requested a detailed explanation from SEC Chairman Paul Atkins regarding the stay of proceedings and sanctions against Tron ($TRX) founder Justin Sun.
At this point, Maxine Waters, the committee’s senior Democratic member, noted that the SEC had abandoned almost all pending cryptocurrency cases since President Donald Trump took office and appointed a new SEC chair, and requested an explanation on this matter. Waters cited the case against Sun, in which the SEC investigated him and his company for a wide range of allegations, including improperly inflating the price of their token, $TRXas 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 related to President Trump, thereby seriously damaging the SEC’s reputation.
At this point, Waters told Atkins, “While you were researching 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 in a confidential briefing on the subject, as permitted by regulations.
Top priority: regulation of cryptocurrencies!
Paul Atkins also said that ensuring regulatory clarity for cryptocurrencies will be one of his top priorities in 2026.
In a statement, X said the SEC would work with the Commodity Futures Trading Commission (CFTC) on Project Crypto, a policy initiative to promote cryptocurrencies.
Atkins listed the SEC’s priorities for 2026 as: “ensuring clear regulation for cryptocurrencies, strengthening enforcement focused on eliminating fraud, and reforming the disclosure regime.”
*This does not constitute investment advice.