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

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.

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