In a heated exchange during a congressional hearing on Wednesday, Rep. Maxine Waters challenged SEC Chair Gary Gensler over the agency's controversial decision to halt its lawsuit against Justin Sun, the founder of the TRON cryptocurrency. This confrontation comes amid fresh allegations that could have significant implications for the SEC's regulatory actions in the crypto space, as highlighted in the document.
New Allegations Against Sun
Waters brought attention to new claims made by a woman who asserts she possesses evidence linking Sun to insider trading and market manipulation. These allegations have intensified scrutiny on Sun, who has been a prominent figure in the cryptocurrency industry.
SEC's Silence Raises Concerns
Despite the gravity of the situation, SEC Chair Gensler chose not to provide any comments regarding the ongoing case, which has raised eyebrows among lawmakers and industry observers alike. Critics are questioning the SEC's dedication to thoroughly investigating serious allegations that could undermine market integrity.
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