Mesdames et Messieurs, gather ’round as we unveil a most comedic farce involving our House Democrats and the illustrious SEC! It appears our dear representatives have taken umbrage with the SEC, accusing it of casting aside significant investigations, including its theatrical bout with Ripple-an affair that has rekindled interest in the agency’s rather whimsical approach to crypto enforcement! 🎭
In a letter penned on the 15th of January, the honorable lawmakers have raised eyebrows aplenty over the curious case of dropped prosecutions. Did political courtesies play a hand in these decisions? Oh, the intrigue! Yet, our sage legal oracle, Bill Morgan, assures us that these cases are as finished as yesterday’s bread. 🍞
The Lawmakers’ Lament: SEC’s Great Escape from Crypto Cases
Like a tragic comedy, the January 15 missive to the venerable Chair Paul Atkins claims that since early 2025, the SEC has retreated from the battlefield of crypto enforcement. These representatives lament that over a dozen major cases, including those against Binance, Coinbase, Kraken, and Ripple, have been laid to rest, despite certain favorable court outcomes. A plot twist worthy of Molière himself! 🎭
Moreover, it seems that companies whose fates were whimsically sealed by the SEC have generously contributed at least $1 million each to Trump’s grand inauguration. Could it be that a pay-to-play gambit is afoot? Investor protection and market integrity, you say? Quite the jest, indeed!
Our valiant lawmakers have sharpened their quills to critique the SEC’s prolonged stay in its comedy with Justin Sun-a spectacular saga dragging on for nearly 11 months. Unlike the other players, this particular act has yet to be concluded. The Democrats fear this hints at a dangerous dance where political ties dictate the rhythm of enforcement. How scandalous! 💃
The letter does not shy away from mentioning Mr. Sun’s rumored financial dalliance with enterprises connected to none other than Donald Trump. Why, just last September, he proclaimed his intent to procure an additional $10 million worth of $WLFI tokens from World Liberty Financial, a family venture. What a tangled web we weave! 🕸️
Alas, our lawmakers speculate that these circumstances may cause a rift in the public’s faith in the SEC’s independence. They seek clarity regarding the SEC’s awareness of Sun’s associations with individuals or entities tied to the People’s Republic of China. Such inquiries! 👀
The Crypto Counsellor vs. Ripple Rumors
The drama unfurling in this letter raises questions: Could political pressure prompt a revival of hostilities against Ripple and its compatriots? Our esteemed Morgan, however, is quick to quash such musings, declaring that the SEC cannot simply rehash cases it has already theatrically closed. Enter the noble doctrine of res judicata! 📜
“Alas, the SEC cannot pursue these companies anew on identical grounds. Res Judicata, dear fools, live with it!” he quipped, throwing shade like a true master of wit.
Yet, a lingering query remains amidst the uproar. Unlike the other crypto tales spun in the lawmakers’ correspondence, Justin Sun’s case still lingers in the air, undismissed, and might be revisited at any moment. The curtain rises once more! 🎭
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2026-01-19 04:25