Pay-to-Play

Democratic lawmakers have accused the Securities and Exchange Commission of engaging in a pay-to-play scheme by dismissing crypto enforcement cases amid substantial industry donations to President Donald Trump's campaigns. In a letter to SEC Chair Paul Atkins, they highlight dismissals involving firms like Coinbase and Binance, and express concerns over a similar outcome in the case against Justin Sun. The allegations point to millions in donations and investments tied to Trump family ventures as influencing these regulatory decisions.