Rep Waters demands SEC oversight hearing about its approach to crypto
Democrat Maxine Waters demands an SEC oversight hearing after the agency dropped major cases against Coinbase, Binance, and other crypto firms.
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.
In a letter on Sunday to French Hill, chair of the House Financial Services Committee, Waters argued that a hearing was well overdue highlighting what she sees as “questionable policy changes” at the SEC.
“Chair Gensler testified before the Committee twice during his first year. Despite having a clear obligation to oversee the SEC, the Committee has not held a single hearing with Chairman Atkins, despite the agency’s rapid, significant, and questionable policy shifts during the Trump Administration,” she wrote.
