U.S. Securities and Exchange Commission (SEC) Chair, Paul Atkins, has faced criticism from Representative Glenn Ivey regarding the agency’s handling of the case against Justin Sun, who is linked to a meme coin associated with President Donald Trump. The SEC halted its case against Sun amidst questions about potential conflicts of interest stemming from his association with the TRUMP token. 10 However, Chairman Atkins clarified that the investigation into Sun’s activities remains active and hasn’t been dropped. He did not elaborate on the specific case, but indicated a firm stance against classifying crypto assets as securities under current policy. Sun has publicly acknowledged his support for Trump’s digital asset and announced participation in a gala hosted by Trump, fueling further scrutiny. This case highlights the evolving SEC stance towards crypto markets, shifting from enforcement-based practices to a more structured approach for regulating the industry.