Maxine Waters has called for an SEC Oversight Hearing on dropped crypto enforcement actions.
She has expressed criticism of the direction of the SEC under the leadership of Chair Paul Atkins, which has become more open to the crypto sector.
However, Waters stated that decreased enforcement might jeopardize both investor protection and market integrity.
US Representative Maxine Waters called for an oversight hearing with the US Securities and Exchange Commission, expressing concerns regarding what she feels is a marked and troubling shift in the commission’s approach to crypto regulation.
In a letter sent Sunday to French Hill, chair of the House Financial Services Committee (HFSC), Waters argued that the committee has failed in its responsibility to properly oversee the SEC. She said the lack of hearings has allowed significant policy changes to go unchecked, particularly as the agency retreats from enforcement actions against major crypto firms.
“Despite having a c
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