US Senator Elizabeth Warren has called for stronger anti-corruption provisions to be included in upcoming cryptocurrency legislation. Her comments followed the US Securities and Exchange Commission’s settlement with Tron founder Justin Sun, which she criticized as being too lenient.
Warren argued that the regulator effectively gave Sun a “free pass” despite his financial ties to investments associated with US President Donald Trump and his family.
According to reports, Sun invested around $90 million through token purchases linked to the Trump family’s crypto platform, World Liberty Financial.
The SEC recently settled an unrelated case against Sun and his companies for $10 million. Warren said the case highlights the need for stricter oversight and transparency measures within the crypto industry.
She warned that without robust safeguards, digital asset markets could become vulnerable to corruption, conflicts of interest and undue political influence, emphasizing the importance of comprehensive regulatory frameworks for the sector.
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