US Senator Elizabeth Warren is calling for an investigation into whether the Trump administration benefited from dropping crypto enforcement against key players in the industry. In a letter to the SEC’s Inspector General, Warren raised concerns about potential influence from the White House and Trump’s family members on SEC crypto policy.
Warren specifically pointed to the SEC’s actions regarding 12 different crypto firms with ties to President Trump’s donors and business partners. These include Justin Sun and Tron, Consenys, Coinbase, Binance, Kraken, Ripple, Robinhood, Gemini, Yuga Labs, Consensys, OpenSea, and Uniswap. The senator highlighted the pause in legal action against Sun’s company following a significant investment in Trump’s World Liberty Financial.
Moreover, Warren expressed concerns about the SEC’s regulatory approach towards memecoins that could potentially benefit Trump and his family members. She also raised questions about Trump’s SEC chair nominee, Paul Atkins, who has substantial investments in the crypto industry and connections to firms benefiting from the SEC’s leniency.
Warren has requested the Office of Inspector General to investigate whether the SEC’s actions related to crypto since January 20, 2025, have complied with federal ethics laws and SEC policies. Additionally, she co-wrote a letter to Acting SEC Chair Mark Uyeda, urging the preservation of information related to World Liberty Financial to assess any potential influence on the SEC by Trump’s crypto company.