# hearing Related Articles

Rep. Waters Calls for SEC Hearing Over Crypto Enforcement Shift

US Representative Maxine Waters has called for an oversight hearing with the US Securities and Exchange Commission (SEC), criticizing what she describes as a troubling shift in the agency’s enforcement approach toward the cryptocurrency industry. In a letter to the House Financial Services Committee, Waters expressed concern over the lack of congressional oversight and transparency under SEC Chair Paul Atkins, contrasting it with the more frequent testimonies given by former chairman Gary Gensler. Waters highlighted the SEC’s decision to drop several high-profile enforcement cases—including those involving Coinbase, Binance, and entrepreneur Justin Sun—as particularly alarming. She warned that these actions risk undermining investor confidence and the agency’s ability to combat fraud. Since Atkins took office in April, the SEC has adopted a more crypto-friendly stance, easing regulations and halting certain lawsuits. Waters questioned whether political influence may be affecting the SEC’s independence and urged the committee to demand greater clarity and accountability to protect investors in the digital asset market.

TheNewsCrypto12/30 11:39