SEC Chair Atkins Faces Questions on Trump Memecoin and Justin Sun

During a congressional hearing, SEC Chair Paul Atkins fielded questions regarding a memecoin associated with Donald Trump and its potential connections to crypto businessman Justin Sun. Atkins, relatively new to his role, addressed inquiries about crypto regulation and a paused SEC fraud case against Sun during a House Appropriations Committee meeting. There was also concern over a $30 million token purchase linked to Sun's company just before Trump's inauguration. Despite some cases being put on hold, Atkins emphasized the importance of clear rules for the crypto market without stifling innovation.