US Representative Maxine Waters has called for a hearing with Securities and Exchange Commission Chairman Paul Atkins, highlighting concerns over the agency’s dismissal of crypto cases, and nine other points of contention.
a letter On Sunday, Waters argued to French Hill, the chair of the House Financial Services Committee, that the hearing looked like a “questionable policy change” at the SEC.
“Chair Gensler testified before the committee twice during her first year. Despite having a clear responsibility to oversee the SEC, the committee has not held a single hearing with Chairman Atkins despite the agency’s rapid, significant and questionable policy changes during the Trump administration,” he wrote.
Waters outlined 10 points she thinks the oversight meeting needs to address, including major crypto enforcement measures, depoliticizing the SEC, and weakening market oversight.
He claimed that the SEC “has dropped or stayed major enforcement actions against a number of crypto companies and individuals believed to have committed major violations of our securities laws, including Coinbase, Binance and Justin Sun,” he added.
“In some of these cases, the defendants announced that the SEC had terminated enforcement actions before taking an actual vote with the Commission.”
Waters said the FSC needs to scrutinize the agency to see if it “intends to prevent fraud and manipulation.”

Atkins, who was nominated by President Donald Trump, took over from former chair Gary Jensel in April. Under his tenure the SEC has taken a friendlier approach to crypto, with a litigation and investigation shield, relaxed rules for crypto exchange-traded funds, and proactive sentiment toward crypto regulation with Project Crypto.
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This is the first time Waters has criticized the crypto industry and the Republican Party’s approach to it. In October, he expressed outrage over the pardoning of Binance co-founder Changpeng Zhao.
In mid-July, water too It is written An opinion piece is sounding the alarm over major crypto frameworks like the Clear Act and the Genius Act, saying they would “open the floodgates to massive fraud and financial ruin.”
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