Elizabeth Warren Targets SEC Chair Over Dropped Cases – “Open Corruption” Alleged

Senator Elizabeth Warren (D-MA) is slamming newly confirmed United States Securities and Exchange Commission (SEC) Chair Paul Atkins for allegedly participating in “open corruption” under ￰1￱ Donald Trump, a September 25 social media post ￰2￱ Elizabeth Warren Lambasts SEC Chair Paul Atkins In response to a September 24 X post by The New York Times journalist Kenneth ￰3￱ alleging that the SEC dropped a complaint against its chairman’s former client, Warren aired her grievances over Atkins and the Trump administration at large. Trump’s SEC Chair spent his career advising big banks and giant corporations. It’s no surprise the SEC is now dropping cases against his Wall Street ￰4￱ the latest example of how Trump and his Administration are engaging in open corruption on an unprecedented scale. ￰0￱ — Elizabeth Warren (@SenWarren) September 25, 2025 “Trump’s SEC Chair spent his career advising big banks and giant corporations,” Warren said.

“It’s no surprise the SEC is now dropping cases against his Wall Street friends.” “Just the latest example of how Trump and his Administration are engaging in open corruption on an unprecedented scale,” she ￰5￱ to Vogel’s Wednesday report, Atkins was paid $1,450 an hour by Devon Archer’s lawyers to serve as an expert witness as the businessman faced claims he defrauded a Native American entity in 2018. A spokesperson for Atkins told the award-winning media outlet that the former SEC commissioner recused himself from the agency’s decision to drop the ￰6￱ was convicted of securities fraud in 2018 and was pardoned by Trump earlier this ￰7￱ SEC Shifts Its Stance The SEC has dropped several legal cases against key players in the blockchain sector this year alone, including OpenSea, Ripple, and ￰8￱ decision to rescind litigation against actors in the crypto space comes as the SEC moves away from its prior regulation-by-enforcement approach to digital assets under former chairman Gary ￰9￱ January, the federal regulator established a Crypto Task Force to lead the SEC on a “sensible regulatory path that respects the bounds of the law,” according to a 2025 press release from the agency.

However, with key ￰10￱ like Warren eyeing issues of “open corruption” at the SEC, the political battle over the regulator’s latest policy stance is only just heating up.