Democrats Blast SEC Over Crypto Retreat, Justin Sun’s Alleged China Ties

Democratic lawmakers have criticized the U.S. Securities and Exchange Commission (SEC) for its recent approach to cryptocurrency regulation, particularly in light of allegations regarding Justin Sun's connections to China. They argue that the SEC's actions could hinder innovation and competitiveness in the U.S. crypto market. The lawmakers are concerned that the SEC's strict stance may push crypto companies overseas, further complicating regulatory oversight. Additionally, they are calling for clearer guidelines to foster a more supportive environment for the crypto industry.

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