Post #39807 by ges on the US Policy board

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SEC Moves to Drop Civil Fraud Case Against Justin Sun

What Happened: The SEC is exploring a resolution to its fraud case against crypto mogul Justin Sun, who is accused of illegally distributing crypto assets, inflating trading volume, and secretly paying celebrities for endorsements. Sun, a key adviser to Trump’s World Liberty Financial, has spent at least $75 million on its token, solidifying his deep financial ties to Trump.

Why It Matters: The SEC is now dropping from prosecuting Sun, signaling blatant corruption. Trump’s crypto-friendly policies directly benefit his financial backers, further entrenching the influence of shady operators in his regime.

Source: Reuters

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