The SEC under Atkins is getting expensive. Democratic elected officials are bombarding it mercilessly. And guess who always comes back in the viewfinder? Trump. Him again. His family plays at the crypto casino. Shitcoins that burn 95% of their value. Naive voters who are fleeced. Prosecutions that evaporate. Forgiveness that fall like handkerchiefs. It reeks of favoritism. The crypto market is bleeding. Trust is crumbling. And the regulator's gendarmes seem to be blindfolded. The hearing was carnage.
In brief
- Democrats accuse Paul Atkins of favoring Trump allies over crypto regulation.
- These elected officials accuse the SEC of having paused Justin Sun's file after his investment of 75 million in WLFI.
- They question Atkins about dropping the Binance lawsuit in May 2025 after Trump pardoned Zhao.
- Democrats point out that the crypto market has lost more than $1 trillion since October 2025.
Trump uses his voters as crypto cannon fodder
Trump and his family launch shitcoin after shitcoin. TRUMP, MELANIA, WLFI: all down 95% from their peaks. Autism Capital accuses him without filter:
He literally used his electoral base as a liquidity outlet. People who were not native to crypto, and who only bought out of love for their President. It was WRONG to do that. This is not the behavior of a President. This is not the behavior of a true leader.
Voters, new to crypto, bought out of loyalty. They served as an exit for insiders. Trump pocketed about $1.4 billion from these transactions. His family owns 20% of American Bitcoin mining firm. WLFI uses a stablecoin from an Abu Dhabi fund invested in Binance.
Naive voters become victims. The crypto market has lost 1,000 billion since October 2025. Confidence is crumbling. Democrats accuse the SEC of reducing enforcement to protect these allies.
Is Atkins protecting Trump's friends? The link is disturbing. The crypto-sphere is boiling. Crypto traders doubt. Is the president playing with fire? Nepotism stinks.
Democrats grill Atkins: “It’s bad for crypto and everyone”
During thehearingRepublican Stephen Lynch blurted out:
People are losing confidence… It's not good for crypto, it's certainly not good for consumers. And it's terrible, the reputational damage the SEC is experiencing right now.
The reputation of the SEC is in pieces. Waters presses Justin Sun: why pause after his $75 million investment in WLFI? Atkins dodges. Garcia asks if Trump or his entourage influenced any decisions. Answer: “No”.
SEC enforcement fell 60% in crypto cases in 2025. Democrats see blatant favoritism. Public trust is evaporating. The crypto market is bleeding. Crypto investors have doubts.
Do regulators really serve the public? Or the powerful? The scandal is growing. Doubt gnaws away. And it bites deep. Crypto regulation is turning into chaos. Atkins is in the sights.
Binance and Sun: SEC turns a blind eye to big fish linked to Trump
The SEC drops its case against Binance in May 2025. Trump then pardons Zhao in October. Justin Sun, accused of manipulating TRX through more than 600,000 wash trades, saw his case paused in February 2025, shortly after investing $75 million in WLFI. An ex-girlfriend claims she reported evidence of insider trading to the SEC, but no action was taken. Sun denies everything on Twitter. Meanwhile, the crypto market has lost $1 trillion since October.
Autism Capital accuses: they lured naive patriots into this worthless crap.
The Trump memecoin, largely owned by Sun, opens the doors to a private dinner with Trump. Casten asks: Is the SEC protecting investors or causing the Trump family to lose money?
Atkins kicks into touch. The murky ties between Trump and the SEC are obvious. The sector is paying the price. Is crypto regulation really impartial? Or biased?
The highlights of the SEC-Trump-crypto affair
- SEC crypto enforcement fall: 60% in 2025;
- Binance lawsuit dropped in May 2025;
- Sun case paused after $75 million in WLFI;
- Crypto market lost $1 T since October 2025;
- Potential sanctions: 2 years in prison + €30,000 fine.
In the USA and Europe, regulators do not display the same dynamism. If freedom is offered on a plate in Uncle Sam's country, in the Old Continent it is something else. Thus, the AMF recently toughened its tone to enforce the MiCA regulation on local crypto companies
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