US senator demands records on SEC's dropped Tron lawsuit

U.S. Senator Richard Blumenthal has asked the U.S. Securities and Exchange Commission (SEC) to submit records and communications related to its decision to drop charges against Tron (TRX) and its founder, Justin Sun. According to Decrypt, Senator Blumenthal sent a letter to SEC Chairman Paul Atkins asking whether individuals and companies linked to President Donald Trump's crypto firm, World Liberty Financial, received preferential treatment from regulators. The letter demands the submission of records detailing the decision-making process behind the dismissal of the charges. Blumenthal also requested clarification on allegations that Margaret Ryan, the SEC's Director of Enforcement, resigned just before her departure due to internal conflicts over investigations into associates of President Trump.