Warren Accuses SEC’s Paul Atkins of Misleading Congress
Senator Elizabeth Warren accused SEC head Paul Atkins of potentially misleading Congress regarding declining enforcement data.Summary
US Senator Elizabeth Warren, the top Democrat on the Senate Banking Committee, has sent a letter to Paul Atkins, head of the Securities and Exchange Commission (SEC), accusing him of potentially misleading Congress. Warren claims that during a February hearing, Atkins demurred when asked about declining enforcement activity, claiming he was unsure of the data. However, recent data released for fiscal year 2025 shows that SEC enforcement actions have dropped to their lowest level in over 20 years.
The Senator expressed deep concern that the SEC has "largely abdicated its enforcement responsibilities," particularly noting a rollback in enforcement against crypto companies under the current administration. Warren's letter requests that Atkins explain the decline and answer specific questions regarding his awareness of this data during his testimony. Atkins has been given until April 28 to respond.
(Source：Cointelegraph)