Senator Elizabeth Warren criticized the SEC for settling its case against Tron founder Justin Sun for $10 million, suggesting a connection to Sun’s $90 million in investments tied to President Donald Trump’s crypto ventures. This comes as a key crypto market structure bill, which Warren’s committee oversees, remains stalled in the Senate.
Massachusetts Senator Elizabeth Warren has slammed the U.S. Securities and Exchange Commission’s settlement with Tron founder Justin Sun. In a Thursday statement, Warren accused the SEC of “giving a free pass” to Sun after he “poured $90 million” into crypto investments tied to President Donald Trump and his family.
Sun invested millions through token purchases in the Trump family’s crypto platform, World Liberty Financial. The SEC settled an unrelated case against the Tron founder and his companies for $10 million.
“Justin Sun poured $90 million into Trump’s crypto ventures, and today the SEC agreed to drop its case against him,” said Warren. Warren’s statement did not specifically refer to the digital asset market structure bill moving through the Senate.
That legislation, which advanced from the Senate Agriculture Committee in January, is now being considered by the Senate Banking Committee where Warren is the ranking Democrat. Among the issues at stake in the market structure bill include provisions on tokenized equities, ethics, and stablecoin rewards.
The White House has hosted three meetings between officials and crypto industry representatives. Both Trump and his son, Eric, posted to social media this week to criticize banks over their position on the bill.
In January, the Senate Banking Committee indefinitely postponed a markup on the market structure bill. This followed Coinbase CEO Brian Armstrong stating the exchange could not support the legislation “as written.”
