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SEC Chair Says US Should Be 'Crypto Capital Of World' As Democrats Slam Him For Binance, Trump Ties
- During a Wednesday hearing, the top Democrat on the House Financial Services Committee pressed SEC Chair Paul Atkins about the paused case against Justin Sun and his ties to President Donald Trump, with Atkins declining to comment publicly but offering confidential briefings, Waters said.
- Atkins' SEC last year dropped enforcement against Binance, Ripple, Coinbase, Kraken, and Robinhood, arguing traditional rules are 'not really fit for purpose' and backing the Clarity Act.
- Court filings allege Sun offered unregistered securities and manipulated TRX through more than 600,000 wash trades, while a woman identifying as Sun's ex-girlfriend reported evidence last week; Sun denied the allegations, and Tron and Sun spokespeople did not respond on Wednesday.
- House Democrats warned that people are losing trust in both the SEC and the crypto industry, citing reputational damage to the agency, while Republicans emphasized the need for regulatory clarity and coordination with the CFTC.
- As markets plunged, regulators moved to set rules as digital assets shed over $1 trillion, with the SEC and CFTC coordinating under Project Crypto and the National Credit Union Administration proposing stablecoin issuer rules Wednesday.
19 Articles
19 Articles
SEC Chair Says US Should Be 'Crypto Capital Of World' As Democrats Slam Him For Binance, Trump Ties
SEC Chair Paul Atkins said the U.S. “can and should be the crypto capital of the world” during a House hearing on Wednesday, where Democrats accused him of eroding trust by dismissing cases against crypto firms tied to President Trump. The Crypto Capital Vision Atkins told the House Financial Services Committee that achieving Trump’s goal of making the U.S. the crypto capital requires a framework that makes sense. Traditional SEC rules “are not…
Paul Atkins Addresses Concerns on SEC’s Approach to Crypto Enforcement
SEC Chairman Paul Atkins recently addressed concerns about the agency’s approach to cryptocurrency enforcement during a House Financial Services Committee hearing. The discussion centered on a perceived pullback in crypto-related enforcement actions since the change in administration and leadership at the SEC following Gary Gensler’s tenure. Democratic lawmakers, including Ranking Member Maxine Waters, grilled Atkins […] The post Paul Atkins Add…
Representative Maxine Waters on the “Billionaire Holiday at the SEC
Opening statement by Ranking Member Maxine Waters (D-CA) at the House Financial Services Committee meeting on the oversight of the Securities and Exchange Commission: Mr. Chairman. You and I have a very different understanding about what is happening at the SEC. Chairman Atkins said it is ‘a new day for the SEC.’ What did he mean? Did he really mean that this SEC is now putting Wall Street and billionaires first, and America’s investors last. Si…
Bitcoin.com
Cryptocurrency News | Cryptocurrency Prices | Market CapSEC Chair Slammed by Democrats Over Shift in Crypto Enforcement
U.S. lawmakers challenged SEC Chair Paul Atkins over a sharp decline in crypto enforcement actions, raising concerns about dismissed lawsuits and alleged political ties to Trump-linked crypto ventures. Lawmakers Question Paul Atkinson on Dropped Crypto Cases Tensions over crypto regulation resurfaced on Capitol Hill this week as lawmakers questioned Securities and Exchange Commission (SEC) Chair […]
SEC Chairman Atkins Responds to Crypto Oversight Questions
SEC Chairman Paul Atkins faced strong questions during a congressional hearing on February 12, 2026. Lawmakers asked him about the agency’s decision to pause enforcement actions against Tron founder Justin Sun. https://twitter.com/wublockchain/status/2021825468996186436?s=46 The issue has become political. Justin Sun has invested more than $75 million in crypto projects linked to the Trump family. One of these projects is World Liberty Financia…
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