Elizabeth Warren slams SEC’s Atkins over weak enforcement against Trump-linked crypto firms

Senator Elizabeth Warren strongly criticized SEC Chair Paul Atkins during a Senate Banking Committee hearing, alleging that under his leadership, the SEC has weakened investor protections and reduced enforcement actions against crypto firms, particularly those linked to Donald Trump. Warren cited public data showing a sharp decline in SEC actions and highlighted specific cases involving Kraken, Coinbase, and Gemini, which had donated to Trump's inauguration before their cases were dropped. She also mentioned Binance and the clemency granted to convicted fraudsters with Trump ties. Atkins rejected the accusations, arguing that many dismissals predated his tenure and were due to registration issues, asserting the SEC remains active in pursuing misconduct.

(Source：Crypto Briefing)