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.
