Articles
Crypto Market Analysis

US senators press SEC over enforcement chief exit, Justin Sun’s case

User Image

Door Anoniem

Gemaakt March 31, 2026|2 minuten leestijd
Main Image

A report from Reuters earlier this month claimed that the SEC's former chief of enforcement clashed with agency leadership over cases involving those in Trump's orbit before resigning.

Two Democratic senators are requesting answers from the US Securities and Exchange Commission over the resignation of its enforcement director, Margaret Ryan, in March, after a Reuters report claimed she clashed with the agency’s leaders over certain cases involving people with ties to US President Donald Trump.

In a letter to SEC Chair Paul Atkins on Monday, Senator Richard Blumenthal questioned the agency over the decision to drop the fraud case against Tron founder Justin Sun, a partner of the Trump-backed World Liberty Financial (WLFI) crypto platform, 11 days before Ryan stepped down.

A separate letter from Senator Elizabeth Warren has also questioned the SEC over the director’s resignation and whether Ryan “faced resistance” from SEC leadership over certain cases tied to Trump’s circle.

Both letters add to the US Democratic Party’s ongoing scrutiny of Trump’s crypto ventures, which include WLFI, the Official Trump (TRUMP) memecoin and Trump Media & Technology Group, with critics warning of conflicts of interest with his presidential duties.

Trump also pardoned former Binance CEO Changpeng “CZ” Zhao in October, sparking additional concerns of an insider agreement, which Zhao’s lawyer has denied, while the SEC has dropped several other notable crypto investigations in 2025. 

Blumenthal claimed the SEC “may have exercised preferential treatment for financial partners of President Trump against the advice and warnings of senior staff when the agency declined to litigate credible fraud cases.” 

Tesla CEO Elon Musk was also reportedly on Ryan’s radar before she officially resigned on March 16, Reuters reported.

Blumenthal is seeking “all records and communications” between the Division of Enforcement and SEC senior leadership since Jan. 20, 2025, relating to potential enforcement actions against crypto companies.

The Democratic senator also wants records of the SEC’s communications with the Trump and Witkoff families, as WLFI is led by Zach Witkoff and Trump’s three sons, Eric, Donald Jr. and Barron, were three of the company’s founding members.

Related: SEC is no longer a ‘cop on the beat’ on crypto, says US lawmaker

Blumenthal said illicit crypto activity surged to $154 billion in 2025, Trump’s first year back in office, alleging that Sun’s Tron played an “outsized role in this dynamic.”

“While Tron accounts for a third of all payment tokens in the crypto ecosystem by some metrics, 58% of all illicit finance in crypto occurred on Tron’s network in 2024,” he said.

“This is a clear example of how President Trump’s blatant crypto corruption creates back doors for his family’s business partners, creating a pay-to-play enforcement regime that turns a blind eye to grave threats to national security and consumer protection.”

Cointelegraph reached out to Tron for comment, but didn’t receive an immediate response.

Warren’s letter, meanwhile, called Ryan’s short term at the SEC “troubling.”

While the SEC hasn’t publicly commented on Ryan’s departure, a spokesperson for the agency told Cointelegraph last week that it would continue to make “enforcement decisions based on facts, the law, and policy — not politics.”

Magazine: Clarity Act risks repeat of Europe’s mistakes, crypto lawyer warns

Source: CoinTelegraph


Andere artikelen die recentelijk zijn gepubliceerd

Live updates: Bitcoin slips back to $77,000 after challenging $80,000 overnight
Live updates: Bitcoin slips back to $77,000 after challenging $80,000 overnight

Bitcoin

Spot bitcoin ETFs pulled in $606 million on Aug. 20 and ether funds $221 million, both bigger than t...

How a Treasury buyback tweak helped bitcoin surge 25% to nearly $80,000 in days
How a Treasury buyback tweak helped bitcoin surge 25% to nearly $80,000 in days

Bitcoin

Treasury buybacks are not QE, analysts said, but the move helped pull long-term yields off 19-year h...

Zcash jumps 48% to over $800 as Grayscale spot ETF push adds to ‘next bitcoin’ buzz
Zcash jumps 48% to over $800 as Grayscale spot ETF push adds to ‘next bitcoin’ buzz

Bitcoin

ZEC traded above its January 2018 peak as futures volume hit billions of dollars and a Grayscale fil...

Strategy sits on $1.4 billion profit on bitcoin holdings as price surges
Strategy sits on $1.4 billion profit on bitcoin holdings as price surges

Bitcoin

Strategy’s common stock rose 10% in Friday pre-market trading to $120, the highest level in two mo...

Treasury's latest measure isn't QE or YCC. Still, bitcoin is skyrocketing. Here's why.
Treasury's latest measure isn't QE or YCC. Still, bitcoin is skyrocketing. Here's why.

Bitcoin

The rally in hard assets isn’t necessarily about what the Treasury is doing, but what its move sig...

Coldcard ships firmware after $114 million bitcoin theft; says AI helped catch more bugs
Coldcard ships firmware after $114 million bitcoin theft; says AI helped catch more bugs

Bitcoin

Three weeks of review turned up problems unrelated to the flaw that cost users $114 million, but upd...