Six senators formally asked the SEC to investigate the April 9 sequence; no investigation has been publicly confirmed
The April 10–11, 2025 letters are requests and allegations, not findings.
U.S. Securities and Exchange Commission
Recipient of the April 11, 2025 senatorial investigation request; no investigation has been publicly confirmed.
Profile sources: Office of Sen. Adam Schiff (schiff.senate.gov)
Claims involving U.S. Securities and Exchange Commission (3)
Beginning in early 2025, the SEC dropped or paused a series of major crypto enforcement actions
The Coinbase case was dismissed with prejudice; new enforcement fell to a decade low.
The SEC moved to pause its fraud case against Justin Sun weeks after he became WLF's largest known investor
The February 26, 2025 joint stay request is a documented sequence, not a proven exchange.
On the timeline
- 2025-02-26 Official acts SEC and Justin Sun jointly seek a stay of his civil fraud case
- 2025-02-27 Official acts SEC moves to dismiss the Coinbase enforcement action with prejudice
- 2025-04-11 Official acts Six senators formally ask the SEC to investigate the April 9 sequence