(Bloomberg) -- Lawyers for Justin Sun and for the US Securities and Exchange Commission are seeking a stay in the regulatory proceedings against the crypto entrepreneur.

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According to the Wednesday filing, “the Parties submit that it is in each of their interests to stay this matter while they consider a potential resolution and agree that no party or non-party would be prejudiced by a stay.”

The request, which follows a similar pause in the case against Binance Holdings Ltd., is the latest example of a dramatic shift in the regulatory climate for digital assets in the US.

Both Sun and the regulator declined to comment.

So far this month, the regulator has closed its investigation into the crypto operations at Robinhood Markets Inc.; ended a probe into Uniswap, the decentralized finance firm; and another into nonfungible-token marketplace OpenSea. Most significantly, Coinbase Global Inc. said the regulator had agreed to drop its lawsuit against the largest digital-asset exchange in the US pending commissioner approval.

Read: Crypto’s Biggest Hack Ever Spoils Coinbase’s SEC Victory Party

Sun has invested $75 million in one of Trump’s crypto projects, World Liberty Financial. Per the terms of the project, 75% of the proceeds of token sales are sent to the Trumps as a fee—or around $56 million.

“The fact that they’re not even pursuing fraud charges anymore, especially with someone like Justin Sun, demonstrates that the politicization of the agency is already paying off for Trump’s business associates,” says Corey Frayer, director of investor protection at the Consumer Federation of America, and until recently senior adviser to Gary Gensler on crypto issues.

Read: Trump’s Crypto Project Was a Bust Until Justin Sun Stepped In

(Adds declines to comment from Sun and SEC and additional context throughout)

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