The pause in the SEC’s case against Justin Sun came shortly after the Trump administration signaled support for a more lenient regulatory approach to crypto

Quotes that support claims

After Trump took office, the U.S. Securities and Exchange Commission (SEC) paused a civil fraud case against the crypto billionaire

After Trump signalled his desire for a lighter-touch regulatory approach to crypto, the SEC and Sun in February filed a court motion to pause the lawsuit to explore a potential resolution.

In 2023, the SEC charged Justin Sun and three of his companies with selling unregistered securities and market manipulation. After the new Trump administration signaled support for looser crypto rules, both sides moved in February to pause the case and explore a settlement.

The SEC’s pause in the case against Sun in February signaled a potential de-escalation of hostilities.