The United States Securities and Exchange Commission<\/strong> (SEC) is now headed by crypto advocate Paul Atkins<\/a><\/strong>. It was brought to SEC’s attention by Congressman Glenn Ivey<\/strong> regarding Sun’s<\/strong> involvement in initiatives supported by the Trump <\/strong>circle.<\/p>\n\n\n\n This surveillance follows a series of events over the past two years. In April 2024, Sun was accused by the SEC of issuing unregistered securities<\/strong> through his ICOs. However, just a month after Trump’s inauguration in 2025, the SEC and Sun jointly requested a halt to the legal proceedings. This suspension was granted by the federal court.<\/p>\n\n\n\n More recently, in March 2025, Sun invested $30 million<\/strong> in the WLFI project<\/strong>, a crypto<\/a> initiative supported by the Trump family<\/strong>. This investment was only available to accredited investors, further fuelling concerns about potential conflicts of interest.<\/p>\n\n\n\n To add to the controversy, Justin Sun proudly announced on social media that he had been invited to attend a gala<\/strong> hosted by the Trump team for top holders of the memecoin TRUMP<\/strong>.<\/a><\/p>\n\n\n\nTRUMP Memecoin Under Investigation<\/h2>\n\n\n\n