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SEC Chair Says US Should Be 'Crypto Capital Of World' As Democrats Slam Him For Binance, Trump Ties

  • During a Wednesday hearing, the top Democrat on the House Financial Services Committee pressed SEC Chair Paul Atkins about the paused case against Justin Sun and his ties to President Donald Trump, with Atkins declining to comment publicly but offering confidential briefings, Waters said.
  • Atkins' SEC last year dropped enforcement against Binance, Ripple, Coinbase, Kraken, and Robinhood, arguing traditional rules are 'not really fit for purpose' and backing the Clarity Act.
  • Court filings allege Sun offered unregistered securities and manipulated TRX through more than 600,000 wash trades, while a woman identifying as Sun's ex-girlfriend reported evidence last week; Sun denied the allegations, and Tron and Sun spokespeople did not respond on Wednesday.
  • House Democrats warned that people are losing trust in both the SEC and the crypto industry, citing reputational damage to the agency, while Republicans emphasized the need for regulatory clarity and coordination with the CFTC.
  • As markets plunged, regulators moved to set rules as digital assets shed over $1 trillion, with the SEC and CFTC coordinating under Project Crypto and the National Credit Union Administration proposing stablecoin issuer rules Wednesday.
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The SEC of Atkins looses Binance and Sun as if by chance, stacked when Trump and his smala gave on WLFI... Coincidence or nepotism? The fuzzy voters ask again. The article Elected critics denounce the troubled links between the SEC and the Trump-crypto universe appeared first on Cointribune.

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Benzinga broke the news in New York, United States on Wednesday, February 11, 2026.
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