Justin Sun And SEC Request ‘Pause’ In Ongoing Legal Battle Over Crypto Ventures
Justin Sun and the US Securities and Exchange Commission (SEC) have jointly requested a stay in ongoing regulatory proceedings, indicating a mutual interest in pausing the case to explore potential resolutions. This request reflects a broader shift in the regulatory climate for digital assets in the US. The SEC, under acting chair Mark Uyeda, has closed investigations into several crypto entities and agreed to drop its lawsuit against Coinbase pending commissioner approval. The SEC previously sued Sun in 2023 for allegedly selling unregistered securities through entities he controls. The current request for a stay suggests a reevaluation of the SEC's priorities, with concerns raised about potential politicization favoring Trump's associates. Sun has also invested over $70 million in Trump’s World Liberty Financial (WLFI) tokens, further intertwining his interests with those of the former president.
