House Democrats Blast SEC Over Dropped Crypto Cases, Ripple Lawsuit Talk Resurfaces
House Democrats have accused the SEC of abandoning multiple high-profile crypto enforcement cases, including those involving Binance, Coinbase, Kraken, and Ripple, despite favorable court rulings. In a January 15, 2026 letter to SEC Chair Paul Atkins, lawmakers raised concerns over a potential "pay-to-play" scheme, noting that companies whose cases were dropped had donated significantly to Trump’s inauguration. The letter also criticized the prolonged stay in the case against Justin Sun, citing his financial ties to Trump-linked businesses and questioning possible political influence. Crypto attorney Bill Morgan, however, argued that closed cases cannot be reopened due to the legal principle of res judicata. The ongoing case against Sun remains unresolved and subject to potential future action.
bitcoinist01/19 10:00
