The post Senator Questions SEC Over Treatment of Trump-Linked Crypto Businesses appeared on BitcoinEthereumNews.com.

In brief Senator Richard Blumenthal asked the SEC whether allies of President Donald Trump in crypto received favorable treatment. His inquiry focuses on the SEC’s dismissal of fraud charges against Tron founder Justin Sun. The letter comes as the SEC has closed or dropped multiple crypto cases and Trump has issued pardons to industry figures. Senator Richard Blumenthal (D-CT) is pressing the U.S. Securities and Exchange Commission for answers about whether individuals and companies tied to President Donald Trump’s cryptocurrency ventures received preferential treatment from regulators. In a letter to SEC Chairman Paul Atkins on Monday, Blumenthal requested records and communications related to enforcement decisions involving cryptocurrency firms, including companies linked to Tron founder Justin Sun, after the agency dismissed fraud charges against Sun and several of his companies earlier this month in a settlement that included a $10 million civil penalty. Bluenthal’s letter also questioned the departure of Margaret Ryan, who had served only six months as director of the SEC’s Division of Enforcement before leaving the agency. “Ms. Ryan’s abrupt departure from the agency raises questions in light of her short tenure and reports that senior leadership intervened to prohibit the Division of Enforcement from pursuing cases against certain cryptocurrency companies,” Blumenthal wrote. “Indeed, on March 5, 2026, approximately 11 days before Ms. Ryan stepped down from her position, the SEC dismissed fraud charges against Mr. Sun and several of his companies after he agreed to pay a $10 million fine.”  In March 2023, the SEC charged Sun and his companies with securities violations. Charges were also filed against several influencers, Jake Paul, Lindsay Lohan, Aliaune “Akon” Thiam, and adult film star Michelle “Kendra Lust” Mason, for not disclosing they were paid to promote Tron-related cryptocurrency tokens. “Facing federal prosecution, Mr. Sun began to buy into President Trump’s…

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Filed under: News - @ March 30, 2026 11:31 pm