Waters Demands Oversight Hearing For SEC's Crypto Stance
Representative Maxine Waters requested an oversight hearing regarding the SEC's recent policy shifts concerning cryptocurrency enforcement actions.Summary
US Representative Maxine Waters sent a letter to House Financial Services Committee Chair French Hill demanding an oversight hearing concerning the Securities and Exchange Commission (SEC) under Chairman Paul Atkins. Waters cited "questionable policy changes" and noted that the Committee had not held a hearing with Atkins, despite significant shifts since he took over from Gary Gensler in April. Waters outlined 10 points for discussion, focusing heavily on the SEC's decision to terminate or stay major enforcement actions against crypto entities like Coinbase, Binance, and Justin Sun, sometimes before the Commission officially voted. She expressed concern that the agency needs to clarify how it intends to deter fraud and manipulation under the current, perceived friendlier approach to crypto, which has included shelving lawsuits and relaxing ETF rules. Waters has previously criticized the crypto industry and Republican approaches, fearing legislation like the CLARITY Act and GENIUS Act could lead to massive fraud.
(Source：Cointelegraph)