Gate News reports that on March 30, U.S. Senator Richard Blumenthal sent a letter to SEC Chair Paul Atkins, questioning the brief tenure of former law enforcement agency head Margaret Ryan and the reasons for her departure, as well as expressing concern over the SEC’s withdrawal of charges against Tron founder Justin Sun. Ryan took office in September 2025 and left in March 2026, serving only six months. In the letter, Blumenthal stated that her sudden departure raised questions, especially given reports that senior SEC officials had intervened in law enforcement efforts and limited the progress of cases involving certain crypto companies. According to media reports, Ryan had attempted to strengthen investigations into fraud-related cases, including those involving individuals associated with President Donald Trump, but faced opposition from some senior Republican members of the committee. The disagreement was particularly pronounced in the Justin Sun case. Previously, during the Biden administration, the SEC accused Justin Sun and his affiliated companies of conducting unregistered securities offerings through TRX and BTT tokens, and of market manipulation through wash trading, as well as paying celebrities for undisclosed promotions. Under the current administration, however, the SEC has withdrawn multiple enforcement actions against crypto companies, including one involving a certain CEX, raising market concerns about a potential shift in regulatory policy.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Pakistan Lifts an Eight-Year Ban: Central Bank Allows Banks to Serve Crypto Businesses, and the Virtual Assets Law Takes Effect
On April 14, 2026, the State Bank of Pakistan lifted its crypto-assets banking ban that has been in place since 2018, officially kicking off the Virtual Assets Act 2026. Banks may open accounts for licensed virtual asset service providers, but must establish a segregation-of-funds mechanism to ensure that customers’ funds are not affected. This policy change responds to domestic demand and demonstrates Pakistan’s growing role on the international stage.
ChainNewsAbmedia4h ago
The central bank issues a digital currency report—does it directly refute Qu Bo? If Taiwan issues a CBDC, merchants generally cannot refuse to accept it
The central bank released a report stating that Taiwan’s CBDC development will follow a phased promotion strategy. In the short term, it is not urgent to issue retail CBDC; the focus is on wholesale CBDC and the infrastructure for asset tokenization. The central bank emphasized that CBDC will not increase the money supply and will have legal standing. As a rule, merchants may not refuse to accept it, in order to prevent the payment market from becoming overly dependent on the private sector.
ChainNewsAbmedia6h ago
White House Report Challenges Stablecoin Yield Ban, CLARITY Act Advances in Senate
A White House report argues against banning stablecoin yields, highlighting minimal benefits for bank lending and reduced consumer earnings. Key officials support the CLARITY Act, but the Senate Banking Committee's timeline remains uncertain, affecting the bill's chances before summer recess.
GateNews7h ago
Criticized for freezing too slowly: USDC freezes are taking too long! Circle CEO: We will definitely wait for a court order before freezing; we refuse to freeze it on our own
Circle CEO Jeremy Allaire said the company will not proactively freeze wallet addresses unless it receives a court order or law-enforcement requirement. Even amid allegations of hacker money laundering and community backlash, Circle continues to insist on operating under the rule of law.
Jeremy Allaire sets Circle’s law-enforcement bottom line
-----------------------------
As the global cryptocurrency market surges with uncertainty, Circle’s CEO Jeremy Allaire, at a press conference in Seoul, South Korea, made a clear stance on the market’s most sensitive issue of “asset freezes.” He noted that while Circle has technical means to freeze specific wallet addresses, unless it receives a court order or an official directive from law-enforcement agencies, the company will not
CryptoCity7h ago
Can bypass FSC regulations on using credit cards to buy crypto? OdinTing introduces the Wallet Pro service for buying crypto with a U.S. debit card
The OwlPay and Wallet Pro services launched by OdinTin use stablecoin technology to enable B2B cross-border payments, and—by partnering with major international payment players—showcase its ambitions for expansion in the fintech sector. By operating from overseas, OdinTin bypasses Taiwan’s regulatory restrictions, providing fast virtual-asset trading. Meanwhile, as it faces the newly promulgated Virtual Asset Services Act, it is set to become a reference template for other foreign-invested companies entering the Taiwan market.
CryptoCity8h ago
CLARITY Act Dropped From Senate Schedule; Crypto Bill Faces May Deadline to Avoid 2030 Delay
Senate Banking Committee Chair Tim Scott has delayed advancing the CLARITY Act due to unresolved issues, including stablecoin disputes and DeFi provisions. With a critical May deadline approaching, the bill's future remains uncertain amid political challenges.
GateNews10h ago
