Justin Sun and SEC: Crypto Pause Dance? 🕺💃

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In the grand theater of capitalism, the lawyers of Justin Sun and the SEC are taking a breather, reports Bloomberg. A joint request for a time-out in their legal tango, submitted on a hump day, suggests both sides wish to ponder a peaceful resolution. 🧐

Oh, what a twist in the plot! This ‘pause’ request mimics the one in the Binance saga, hinting at a new chapter in the crypto regulation novel since the era of President Trump. 📚

Under the watchful eye of acting chair Mark Uyeda, the SEC has been wrapping up its crypto capers, including cases against Robinhood, Uniswap, and OpenSea. Even Coinbase got a ‘get out of jail free’ card, pending a thumbs-up from the commission. 🃏

But wait, is the SEC turning a blind eye to Trump’s cronies? Critics are howling at the moon, suggesting the agency’s pivot is as predictable as a bad soap opera plot. 🌕

Remember when the SEC sued Justin Sun for his crypto shenanigans in 2023? Well, now they’re hitting the pause button, perhaps reconsidering their priorities or maybe just taking a coffee break. ☕

Corey Frayer, a former SEC insider, smells something fishy. No fraud charges in the Sun saga? He calls it a “troubling politicization” of the SEC. Could it be that the SEC is now dancing to a different tune, one that Trump’s business buddies like to hum? 🎶

In the midst of this regulatory waltz, Justin Sun sprinkles some love on Trump’s WLFI, dropping a cool $70 million on tokens. A DeFi venture, you say? More like a De-Money-to-Trump’s-Pocket venture. 💸

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2025-02-27 04:53