Media: SEC official resigns after clashes with leadership over Trump-linked figures
- Additional details have emerged in the media regarding the resignation of the head of the SEC’s enforcement division.
- According to Reuters, she stepped down following a conflict with leadership.
- Margaret Ryan had advocated for continuing and “more aggressive” investigations into several cases.
- These included cases involving Justin Sun and Elon Musk.
On March 16, 2026, Margaret Ryan, Director of Enforcement at the U.S. Securities and Exchange Commission (SEC), resigned. According to Reuters, citing its sources, she clashed with leadership over increased scrutiny of individuals linked to U.S. President Donald Trump and those connected to his business.
The official press release regarding Ryan’s resignation did not specify the reason for her departure. She stated that she never aspired to lead the enforcement division but did her best to ensure it fulfilled the responsibilities assigned by Congress.
Reuters attempted to contact Ryan, but she declined to comment on her resignation. However, sources within the SEC indicated that her departure may be linked to a “more aggressive push” to pursue certain investigations.
These included cases involving individuals from Trump’s circle or those associated with his business, directly or indirectly. According to the report, Ryan was forced to step down after facing resistance from the new SEC Chair, Paul Atkins, which ultimately led to a conflict.
In particular, this involved investigations into TRON founder Justin Sun and billionaire Elon Musk. The investigation into Sun was closed in March 2026.
Sun is also a major investor in World Liberty Financial (WLFI).
In Musk’s case, the SEC investigation remains ongoing. Moreover, a court rejected his motion to dismiss the case in February 2026.
Criticism of the new SEC chair
Paul Atkins had already faced criticism from Democrats over alleged ties to the crypto sector and perceived loyalty to Donald Trump. Under his leadership, the regulator has closed several high-profile cases, including those against Coinbase and Consensys.
See also: "SEC submits major crypto regulation proposal to the White House"
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