SEC Chairman's Congressional Hearing Questioned: Justin Sun's Tron Case Suspension Possibly Related to Trump

CycleProphet · 2026-02-12T00:36:11+00:00

At a House hearing, SEC Chairman Gensler was questioned about the suspension of enforcement actions against Tron founder Justin Sun. He responded that they are working with the CFTC to develop cryptocurrency regulation rules. Democratic lawmakers questioned the connection of this case to Trump.

CycleProphet

2026-02-12 00:36:11

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Deep Tide TechFlow News, February 12 — According to CoinDesk, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler was questioned by Democratic lawmakers during a House Financial Services Committee oversight hearing about the suspension of enforcement actions against Tron Foundation founder Justin Sun. Senior Democratic member Maxine Waters emphasized that the SEC has abandoned nearly all previous cryptocurrency enforcement cases since Trump took office and questioned whether Sun’s relationship with Trump had any influence on this.

Gensler stated he could not discuss individual cases but was willing to provide confidential briefings within the scope of regulations. Additionally, Gensler confirmed that the SEC is working with the CFTC to develop cryptocurrency regulatory rules consistent with the Clarify Act to clearly define the jurisdiction of both agencies.

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