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Sen. Blumenthal seeks SEC records on enforcement rollbacks after Justin Sun case dismissal, director exit

Sen. Richard Blumenthal has asked the SEC for records and explanations after recent enforcement decisions involving crypto firms, including the dismissal of claims against Tron founder Justin Sun.

Mar 31, 20265:58 AMNewsroom AI

Senator Richard Blumenthal sent a letter to SEC Chair Paul Atkins asking whether the agency softened enforcement against allies of President Donald Trump and seeking clarity on recent shifts in crypto enforcement and internal decision‑making [1] [2].

Blumenthal singled out the dismissal of claims against Tron founder Justin Sun and raised questions about the timing of that resolution in relation to the departure of Enforcement Director Margaret Ryan, who left the role after roughly six months [2] [3].

The senator has requested records and exchanges related to high‑profile digital‑asset cases and internal communications about enforcement rollbacks as part of his probe into whether policy or personnel changes influenced outcomes [4] [1].

Blumenthal is seeking documents and explanations from the SEC to determine whether recent enforcement decisions reflect policy changes or other improper considerations, and has asked the agency to produce the requested records for review [1] [4].

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